Harish Textile Engineers (BOM:542682) Receivables Turnover : 1.38 (As of Jun. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Harish Textile Engineers 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. Harish Textile Engineers's Revenue for the three months ended in Jun. 2024 was ₹308 Mil. Harish Textile Engineers's average Accounts Receivable for the three months ended in Jun. 2024 was ₹223 Mil. Hence, Harish Textile Engineers's Receivables Turnover for the three months ended in Jun. 2024 was 1.38.

Harish Textile Engineers Receivables Turnover Historical Data

The historical data trend for Harish Textile Engineers'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.

* Premium members only.

Harish Textile Engineers Receivables Turnover Chart

Harish Textile Engineers Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

7.69

4.57

5.52

5.97

6.46

Harish Textile Engineers Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															1.56	1.45	1.53	1.60	1.38

Competitive Comparison of Harish Textile Engineers's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Harish Textile Engineers'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.

Harish Textile Engineers's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harish Textile Engineers's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Harish Textile Engineers's Receivables Turnover falls into.

Harish Textile Engineers Receivables Turnover Calculation

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

Harish Textile Engineers'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 )
=	1310.248	/ (	(182.096	+	223.426)	/	2 )
=	1310.248	/	202.761
=	6.46

Harish Textile Engineers's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	307.622	/ (	(223.426	+	0)	/	1 )
=	307.622	/	223.426
=	1.38

Harish Textile Engineers (BOM:542682) 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.

Harish Textile Engineers Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Harish Textile Engineers's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Harish Textile Engineers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harish Textile Engineers Ltd (BOM:542682) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

19, Parsi Panchayat Road, 2nd Floor, Andheri (East), Mumbai, MH, IND, 400069

Website

http://www.harishtextile.com

Harish Textile Engineers Ltd is engaged in the manufacturing of textile processing and finishing machinery, the production of non-woven fabrics, and the production of polyester staple fiber. Its segments include Textile Engineering, Non-Woven and PSF. It offers products such as Stenter, Rotary Printing, Jigger, Dyeing Padder, Coater, Scouring, Curing, Relax Dryer, fabrics for automotive interiors, shoe liners, and various other products. The company generates key revenue from the Non-Woven segment.

Harish Textile Engineers Headlines

No Headlines