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Active Clothing Co (BOM:541144) Receivables Turnover : 0.51 (As of Mar. 2024)


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What is Active Clothing Co 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. Active Clothing Co's Revenue for the three months ended in Mar. 2024 was ₹379 Mil. Active Clothing Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₹747 Mil. Hence, Active Clothing Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.51.


Active Clothing Co Receivables Turnover Historical Data

The historical data trend for Active Clothing Co'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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Active Clothing Co Receivables Turnover Chart

Active Clothing Co 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 3.47 1.93 3.34 4.63 3.47

Active Clothing Co Quarterly Data
Mar17 Dec17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 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 0.92 0.94 0.85 0.59 0.51

Competitive Comparison of Active Clothing Co's Receivables Turnover

For the Apparel Manufacturing subindustry, Active Clothing Co'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.


Active Clothing Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Active Clothing Co's Receivables Turnover falls into.



Active Clothing Co Receivables Turnover Calculation

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

Active Clothing Co'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 )
=2123.464 / ((475.836 + 747.014) / 2 )
=2123.464 / 611.425
=3.47

Active Clothing Co'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 )
=379.267 / ((0 + 747.014) / 1 )
=379.267 / 747.014
=0.51

* 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.


Active Clothing Co  (BOM:541144) 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.


Active Clothing Co Receivables Turnover Related Terms

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Active Clothing Co (BOM:541144) Business Description

Traded in Other Exchanges
N/A
Address
Plot no. E-225, Phase VIII B, Industrial Area, Focal Point, Mohali, PB, IND, 160055
Active Clothing Co Ltd is an apparel manufacturer. The company produces garments across three categories which include flat knit sweaters, outwear jackets, circular knit t-shirts, sweatshirts, and joggers for men, women, kids, and baby wear.

Active Clothing Co (BOM:541144) Headlines

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