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Kenvi Jewels (BOM:540953) Receivables Turnover : 17.31 (As of Dec. 2024)


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What is Kenvi Jewels 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. Kenvi Jewels's Revenue for the three months ended in Dec. 2024 was ₹469 Mil. Kenvi Jewels's average Accounts Receivable for the three months ended in Dec. 2024 was ₹27 Mil. Hence, Kenvi Jewels's Receivables Turnover for the three months ended in Dec. 2024 was 17.31.


Kenvi Jewels Receivables Turnover Historical Data

The historical data trend for Kenvi Jewels'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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Kenvi Jewels Receivables Turnover Chart

Kenvi Jewels 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 13.07 21.35 42.28 38.35 57.48

Kenvi Jewels Quarterly Data
Mar19 Sep19 Mar20 Sep20 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 7.26 - - 13.44 17.31

Competitive Comparison of Kenvi Jewels's Receivables Turnover

For the Luxury Goods subindustry, Kenvi Jewels'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.


Kenvi Jewels's Receivables Turnover Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Kenvi Jewels's Receivables Turnover falls into.


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Kenvi Jewels Receivables Turnover Calculation

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

Kenvi Jewels'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 )
=1214.084 / ((21.121 + 0) / 1 )
=1214.084 / 21.121
=57.48

Kenvi Jewels'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 )
=468.867 / ((27.094 + 0) / 1 )
=468.867 / 27.094
=17.31

* 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.


Kenvi Jewels  (BOM:540953) 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.


Kenvi Jewels Receivables Turnover Related Terms

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Kenvi Jewels Business Description

Traded in Other Exchanges
N/A
Address
CG Road, Near Lal Bunglow, Shop No. 121 & 122, Super Mall Complex, Ahmedabad, GJ, IND, 380006
Kenvi Jewels Ltd is engaged in the business of manufacturing and retailing jewellery products. The company is involved in the wholesaling and trading of gold jewelry. Its product portfolio includes Wedding Jewellery, Festive Jewellery, Rings, Chain, Earrings, Ear Chain, Nose-rings/Nose pins, Waist belts, Mangalsutra, Anklet, Zuda, Toe Ring, Pendant Set/ Pendant, Bracelet and Bangles.

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