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Mishtann Foods (BOM:539594) Receivables Turnover : 0.58 (As of Mar. 2024)


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What is Mishtann Foods Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Mishtann Foods's Revenue for the three months ended in Mar. 2024 was ₹3,452 Mil. Mishtann Foods's average Accounts Receivable for the three months ended in Mar. 2024 was ₹5,912 Mil. Hence, Mishtann Foods's Receivables Turnover for the three months ended in Mar. 2024 was 0.58.


Mishtann Foods Receivables Turnover Historical Data

The historical data trend for Mishtann Foods's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mishtann Foods Receivables Turnover Chart

Mishtann Foods Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.18 3.90 5.53 4.07 3.17

Mishtann Foods Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.77 1.33 0.84 0.87 0.58

Competitive Comparison of Mishtann Foods's Receivables Turnover

For the Farm Products subindustry, Mishtann Foods's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mishtann Foods's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mishtann Foods's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mishtann Foods's Receivables Turnover falls into.



Mishtann Foods Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Mishtann Foods's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=12880.855 / ((2205.239 + 5911.802) / 2 )
=12880.855 / 4058.5205
=3.17

Mishtann Foods's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=3452.227 / ((0 + 5911.802) / 1 )
=3452.227 / 5911.802
=0.58

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mishtann Foods  (BOM:539594) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


Mishtann Foods Receivables Turnover Related Terms

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Mishtann Foods (BOM:539594) Business Description

Traded in Other Exchanges
N/A
Address
B-905, Science City Road, Empire Business Hub, Opp. Shakti Farm, Sola, Daskroi, Ahmedabad, GJ, IND, 380060
Mishtann Foods Ltd is engaged primarily in agri business. The business activities consist of manufacturing and processing rice and wheat. Its product offering includes Wheat, Toor Dal, and Basmati rice. The company generates all of its revenue from domestic sales. The company has one operating segment, dealing in Agriculture Business.

Mishtann Foods (BOM:539594) Headlines

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