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Radhika Jeweltech (BOM:540125) Receivables Turnover : 223.37 (As of Dec. 2024)


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What is Radhika Jeweltech 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. Radhika Jeweltech's Revenue for the three months ended in Dec. 2024 was ₹2,061 Mil. Radhika Jeweltech's average Accounts Receivable for the three months ended in Dec. 2024 was ₹9 Mil. Hence, Radhika Jeweltech's Receivables Turnover for the three months ended in Dec. 2024 was 223.37.


Radhika Jeweltech Receivables Turnover Historical Data

The historical data trend for Radhika Jeweltech'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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Radhika Jeweltech Receivables Turnover Chart

Radhika Jeweltech 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 1,185.53 6,606.78 3,126.68 838.08 816.98

Radhika Jeweltech Quarterly Data
Sep19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 266.07 210.94 128.75 142.52 223.37

Competitive Comparison of Radhika Jeweltech's Receivables Turnover

For the Luxury Goods subindustry, Radhika Jeweltech'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.


Radhika Jeweltech's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Radhika Jeweltech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Radhika Jeweltech's Receivables Turnover falls into.


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Radhika Jeweltech Receivables Turnover Calculation

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

Radhika Jeweltech'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 )
=5440.649 / ((6.038 + 7.281) / 2 )
=5440.649 / 6.6595
=816.98

Radhika Jeweltech's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=2060.609 / ((9.225 + 0) / 1 )
=2060.609 / 9.225
=223.37

* 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.


Radhika Jeweltech  (BOM:540125) 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.


Radhika Jeweltech Receivables Turnover Related Terms

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Radhika Jeweltech Business Description

Traded in Other Exchanges
Address
Kalawad Road, Oppsite Swaminarayan Temple Near Mahila College, Rajkot, GJ, IND, 360001
Radhika Jeweltech Ltd is a jewellery retailer. The company is engaged in trading for gold, silver, diamonds, and platinum ornaments. It generates revenue from the sale of Pure Gold and Gold Jewellery, Loose Diamond and Diamond Jewellery and Platinum Jewellery.

Radhika Jeweltech Headlines

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