Parvati Sweetners and Power (BOM:541347) Receivables Turnover : 63.66 (As of Dec. 2023)

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What is Parvati Sweetners and Power 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. Parvati Sweetners and Power's Revenue for the three months ended in Dec. 2023 was ₹98.2 Mil. Parvati Sweetners and Power's average Accounts Receivable for the three months ended in Dec. 2023 was ₹1.5 Mil. Hence, Parvati Sweetners and Power's Receivables Turnover for the three months ended in Dec. 2023 was 63.66.

Parvati Sweetners and Power Receivables Turnover Historical Data

The historical data trend for Parvati Sweetners and Power'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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Parvati Sweetners and Power Receivables Turnover Chart

Parvati Sweetners and Power Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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9.51

10.35

8.71

7.98

16.37

Parvati Sweetners and Power 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															4.76	6.47	10.68	69.77	63.66

Competitive Comparison of Parvati Sweetners and Power's Receivables Turnover

For the Confectioners subindustry, Parvati Sweetners and Power'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.

Parvati Sweetners and Power's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Parvati Sweetners and Power's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Parvati Sweetners and Power's Receivables Turnover falls into.

Parvati Sweetners and Power Receivables Turnover Calculation

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

Parvati Sweetners and Power'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 )
=	823.724	/ (	(78.721	+	21.901)	/	2 )
=	823.724	/	50.311
=	16.37

Parvati Sweetners and Power'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 )
=	98.171	/ (	(1.542	+	0)	/	1 )
=	98.171	/	1.542
=	63.66

Parvati Sweetners and Power (BOM:541347) 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.

Parvati Sweetners and Power Receivables Turnover Related Terms

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Parvati Sweetners and Power (BOM:541347) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Parvati Sweetners and Power Ltd (BOM:541347) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jawahar Chowk, Hall No. 2, Gomantika Parisar, Shopping Complex, Bhopal, MP, IND, 462003

Website

https://www.parvatisweetners.co.in

Parvati Sweetners and Power Ltd is engaged in the manufacturing, processing, refining, selling, trading of crystal sugar, refined sugar, sugar cube, liquid sugar, raw sugar including sugar candy, confectionery, pharmaceutical sugar, syrups, food products and by-products such as biogases, molasses, ethanol, and others. The company generates its income from the sale of sugar and its by-products.

Parvati Sweetners and Power (BOM:541347) Headlines

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