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Osiajee Texfab (BOM:540198) Receivables Turnover : 0.16 (As of Mar. 2024)


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What is Osiajee Texfab 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. Osiajee Texfab's Revenue for the three months ended in Mar. 2024 was ₹6.87 Mil. Osiajee Texfab's average Accounts Receivable for the three months ended in Mar. 2024 was ₹43.07 Mil. Hence, Osiajee Texfab's Receivables Turnover for the three months ended in Mar. 2024 was 0.16.


Osiajee Texfab Receivables Turnover Historical Data

The historical data trend for Osiajee Texfab'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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Osiajee Texfab Receivables Turnover Chart

Osiajee Texfab 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 0.83 0.78 0.30 0.50 0.55

Osiajee Texfab 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 0.12 0.12 0.17 0.10 0.16

Competitive Comparison of Osiajee Texfab's Receivables Turnover

For the Textile Manufacturing subindustry, Osiajee Texfab'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.


Osiajee Texfab's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Osiajee Texfab's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Osiajee Texfab's Receivables Turnover falls into.



Osiajee Texfab Receivables Turnover Calculation

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

Osiajee Texfab'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 )
=23.767 / ((43.363 + 43.073) / 2 )
=23.767 / 43.218
=0.55

Osiajee Texfab'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 )
=6.873 / ((43.073 + 43.073) / 2 )
=6.873 / 43.073
=0.16

* 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.


Osiajee Texfab  (BOM:540198) 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.


Osiajee Texfab Receivables Turnover Related Terms

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Osiajee Texfab (BOM:540198) Business Description

Traded in Other Exchanges
N/A
Address
1043-1043, Bahadurpur Gate Road, Near Mauyra Palace, Hoshiarpur, PB, IND, 146 001
Osiajee Texfab Ltd is a textile manufacturing company. It is engaged in trading of textile products as well as manufacturing, weaving, dyeing, and other textile-related activities.

Osiajee Texfab (BOM:540198) Headlines

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