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Tirupati Foam (BOM:540904) Receivables Turnover : 1.55 (As of Dec. 2023)


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What is Tirupati Foam 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. Tirupati Foam's Revenue for the three months ended in Dec. 2023 was ₹292 Mil. Tirupati Foam's average Accounts Receivable for the three months ended in Dec. 2023 was ₹189 Mil. Hence, Tirupati Foam's Receivables Turnover for the three months ended in Dec. 2023 was 1.55.


Tirupati Foam Receivables Turnover Historical Data

The historical data trend for Tirupati Foam'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.

Tirupati Foam Receivables Turnover Chart

Tirupati Foam Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.03 2.91 2.68 4.04 4.63

Tirupati Foam Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.33 1.20 1.15 1.27 1.55

Competitive Comparison of Tirupati Foam's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Tirupati Foam'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.


Tirupati Foam's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Tirupati Foam's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tirupati Foam's Receivables Turnover falls into.



Tirupati Foam Receivables Turnover Calculation

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

Tirupati Foam's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=1016.489 / ((236.116 + 202.995) / 2 )
=1016.489 / 219.5555
=4.63

Tirupati Foam's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=291.566 / ((188.567 + 0) / 1 )
=291.566 / 188.567
=1.55

* 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.


Tirupati Foam  (BOM:540904) 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.


Tirupati Foam Receivables Turnover Related Terms

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Tirupati Foam (BOM:540904) Business Description

Traded in Other Exchanges
N/A
Address
University Road, Polytechnic Char Rasta, Tirupati House, 4th Floor, Near Topaz Restaurant, Ambawadi, Ahmedabad, GJ, IND, 380015
Tirupati Foam Ltd is an Indian firm engaged in the manufacturing of Flexible Polyurethane Foam and related articles including; bedding, quilts, pillows, cushions, sleeping bags foam and foam products under the name of Sweet Dream. The company's products include mattresses, industrial P U foam, PUF pillows, sofa cushions and others. Substantial revenue accrues from Domestic sales and the sale of P U Foam.

Tirupati Foam (BOM:540904) Headlines

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