Hindware Home Innovation (BOM:542905) Receivables Turnover : 1.68 (As of Dec. 2023)

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What is Hindware Home Innovation 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. Hindware Home Innovation's Revenue for the three months ended in Dec. 2023 was ₹6,929 Mil. Hindware Home Innovation's average Accounts Receivable for the three months ended in Dec. 2023 was ₹4,128 Mil. Hence, Hindware Home Innovation's Receivables Turnover for the three months ended in Dec. 2023 was 1.68.

Hindware Home Innovation Receivables Turnover Historical Data

The historical data trend for Hindware Home Innovation'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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Hindware Home Innovation Receivables Turnover Chart

Hindware Home Innovation Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.59

4.46

4.56

6.31

8.19

Hindware Home Innovation 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															2.17	1.84	1.68	1.70	1.68

Competitive Comparison of Hindware Home Innovation's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Hindware Home Innovation'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.

Hindware Home Innovation's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hindware Home Innovation's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hindware Home Innovation's Receivables Turnover falls into.

Hindware Home Innovation Receivables Turnover Calculation

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

Hindware Home Innovation'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 )
=	28004.016	/ (	(3058.96	+	3776.101)	/	2 )
=	28004.016	/	3417.5305
=	8.19

Hindware Home Innovation'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 )
=	6929.3	/ (	(4128.1	+	0)	/	1 )
=	6929.3	/	4128.1
=	1.68

Hindware Home Innovation (BOM:542905) 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.

Hindware Home Innovation Receivables Turnover Related Terms

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Hindware Home Innovation (BOM:542905) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hindware Home Innovation Ltd (BOM:542905) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HINDWAREAP:India

Address

Plot No. 68, Echelon Institutional Area, Sector 32, Gurugram, HR, IND, 122001

Website

https://www.shilgroup.com

Hindware Home Innovation Ltd is engaged in manufacturing, selling and trading of building products, glass products, consumer products, plastic products, and retail business. Its product portfolio includes Kitchen Ensemble, Water heaters, Air coolers, Water purifiers, Air purifiers, and Window vents, among other products. Some of its brands are Hindware, Moonbow and Evok. The segments of the company include Building Products, Consumer appliances, and Retail business. The group operates in India. The company generates the majority of its revenue from Building products segment.

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