Prime Fresh (BOM:540404) Receivables Turnover : 2.15 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Prime Fresh 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. Prime Fresh's Revenue for the six months ended in Mar. 2024 was ₹841 Mil. Prime Fresh's average Accounts Receivable for the six months ended in Mar. 2024 was ₹390 Mil. Hence, Prime Fresh's Receivables Turnover for the six months ended in Mar. 2024 was 2.15.

Prime Fresh Receivables Turnover Historical Data

The historical data trend for Prime Fresh'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.

* Premium members only.

Prime Fresh Receivables Turnover Chart

Prime Fresh Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

3.87

3.62

3.87

4.34

4.11

Prime Fresh Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.41	2.18	2.38	2.25	2.15

Competitive Comparison of Prime Fresh's Receivables Turnover

For the Food Distribution subindustry, Prime Fresh'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.

Prime Fresh's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Prime Fresh's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Prime Fresh's Receivables Turnover falls into.

Prime Fresh Receivables Turnover Calculation

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

Prime Fresh'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 )
=	1492.09	/ (	(262.372	+	462.991)	/	2 )
=	1492.09	/	362.6815
=	4.11

Prime Fresh'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	840.606	/ (	(317.512	+	462.991)	/	2 )
=	840.606	/	390.2515
=	2.15

Prime Fresh (BOM:540404) 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.

Prime Fresh Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Prime Fresh's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Prime Fresh (BOM:540404) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Prime Fresh Ltd (BOM:540404) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

102, Sanskar - 2, Polytechnic Road, Near Ketav Petrol Pump, Ambawadi, Ahmedabad, GJ, IND, 380015

Website

http://www.primefreshlimited.com

Prime Fresh Ltd is an integrated Agri value chain institution in the domestic and international agricultural trade. The company is engaged in the procurement and distribution of Fruits and Vegetables. It focuses on sourcing, handling, grading, sorting, warehousing, packing, ripening, branding, warehousing, delivery of fruits and vegetables and manpower management. The group sells its products in India and also exports it to other countries, of which a majority of revenue is derived from the sales made in India.

Prime Fresh (BOM:540404) Headlines

No Headlines