Gujarat Hy-Spin (BOM:540938) Receivables Turnover : 6.65 (As of Sep. 2023)

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What is Gujarat Hy-Spin 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. Gujarat Hy-Spin's Revenue for the six months ended in Sep. 2023 was ₹483.4 Mil. Gujarat Hy-Spin's average Accounts Receivable for the six months ended in Sep. 2023 was ₹72.7 Mil. Hence, Gujarat Hy-Spin's Receivables Turnover for the six months ended in Sep. 2023 was 6.65.

Gujarat Hy-Spin Receivables Turnover Historical Data

The historical data trend for Gujarat Hy-Spin'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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Gujarat Hy-Spin Receivables Turnover Chart

Gujarat Hy-Spin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.62

2.58

3.12

4.49

5.36

Gujarat Hy-Spin Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial													2.01	2.02	1.80	3.17	6.65

Competitive Comparison of Gujarat Hy-Spin's Receivables Turnover

For the Textile Manufacturing subindustry, Gujarat Hy-Spin'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.

Gujarat Hy-Spin's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Gujarat Hy-Spin's Receivables Turnover falls into.

Gujarat Hy-Spin Receivables Turnover Calculation

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

Gujarat Hy-Spin'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 )
=	607.985	/ (	(156	+	70.816)	/	2 )
=	607.985	/	113.408
=	5.36

Gujarat Hy-Spin's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	483.398	/ (	(70.816	+	74.534)	/	2 )
=	483.398	/	72.675
=	6.65

Gujarat Hy-Spin (BOM:540938) 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.

Gujarat Hy-Spin Receivables Turnover Related Terms

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Gujarat Hy-Spin (BOM:540938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gujarat Hy-Spin Ltd (BOM:540938) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Gundala Road, P. O. Box No. 22, Rajkot District, Gondal, GJ, IND, 360311

Website

http://www.gujarathyspin.com

Gujarat Hy-Spin Ltd operates in the textile industry. Principally, it is engaged in the business of manufacturing cotton yarns as well as trading in cotton and other related items. In addition, it also produces ring yarns. The company sells cotton yarns to dealers who market it to other industrial units for weaving and other purposes. Its products comprise cotton bales, cotton waste, cotton yarn, raw cotton, wash oil, cotton seeds, and others. The company generates maximum revenue through the sale of its cotton yarn product.

Gujarat Hy-Spin (BOM:540938) Headlines

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