AKI India (BOM:542020) Receivables Turnover : 0.75 (As of Dec. 2024)

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What is AKI India 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. AKI India's Revenue for the three months ended in Dec. 2024 was ₹226.1 Mil. AKI India's average Accounts Receivable for the three months ended in Dec. 2024 was ₹300.0 Mil. Hence, AKI India's Receivables Turnover for the three months ended in Dec. 2024 was 0.75.

AKI India Receivables Turnover Historical Data

The historical data trend for AKI India'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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AKI India Receivables Turnover Chart

AKI India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.10

3.52

3.60

3.74

3.46

AKI India Quarterly Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															-	0.95	0.98	0.45	0.75

Competitive Comparison of AKI India's Receivables Turnover

For the Footwear & Accessories subindustry, AKI India'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.

AKI India's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where AKI India's Receivables Turnover falls into.

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AKI India Receivables Turnover Calculation

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

AKI India'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 )
=	709.126	/ (	(198.801	+	210.934)	/	2 )
=	709.126	/	204.8675
=	3.46

AKI India'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 )
=	226.059	/ (	(300.031	+	0)	/	1 )
=	226.059	/	300.031
=	0.75

AKI India (BOM:542020) 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.

AKI India Receivables Turnover Related Terms

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AKI India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » AKI India Ltd (BOM:542020) » Definitions » Receivables Turnover

Comparable Companies

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AKI:India

Address

9/6 (11), Asharfabad Jajmau, Kanpur, UP, IND, 208010

Website

https://groupaki.com

AKI India Ltd is engaged in the manufacturing of Leather Saddlery and Harness Goods. The Company operates in single Segment i.e. Leather & Leather Goods. The firm offers bridles, browbands, chaps and gaitors, driving harness, head collars, miscellaneous, reins, rugs, and saddle girth products, footwear for men and women, including countryside, formal, marine, outdoor, and riding footwear products, as well as slippers and sandals and casual shoes and bag, belt, footwear, harness and upholstery leather products.

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