Rajeshwari Cans (BOM:543285) Receivables Turnover : 3.55 (As of Sep. 2024)

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What is Rajeshwari Cans 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. Rajeshwari Cans's Revenue for the six months ended in Sep. 2024 was ₹196.5 Mil. Rajeshwari Cans's average Accounts Receivable for the six months ended in Sep. 2024 was ₹55.4 Mil. Hence, Rajeshwari Cans's Receivables Turnover for the six months ended in Sep. 2024 was 3.55.

Rajeshwari Cans Receivables Turnover Historical Data

The historical data trend for Rajeshwari Cans'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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Rajeshwari Cans Receivables Turnover Chart

Rajeshwari Cans Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.73

5.18

7.05

10.87

8.76

Rajeshwari Cans Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial							3.83	4.37	4.20	3.67	3.55

Competitive Comparison of Rajeshwari Cans's Receivables Turnover

For the Packaging & Containers subindustry, Rajeshwari Cans'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.

Rajeshwari Cans's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Rajeshwari Cans's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Rajeshwari Cans's Receivables Turnover falls into.

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Rajeshwari Cans Receivables Turnover Calculation

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

Rajeshwari Cans'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 )
=	345.783	/ (	(24.04	+	54.892)	/	2 )
=	345.783	/	39.466
=	8.76

Rajeshwari Cans's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	196.545	/ (	(54.892	+	55.831)	/	2 )
=	196.545	/	55.3615
=	3.55

Rajeshwari Cans (BOM:543285) 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.

Rajeshwari Cans Receivables Turnover Related Terms

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Rajeshwari Cans Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Rajeshwari Cans Ltd (BOM:543285) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

96, Mahagujarat, Industrial Estate, Moraiya, Taluka: Sanand, Nr. Arto Off Print, Ahmedabad, GJ, IND, 382210

Website

http://www.rajeshwaricans.com

Rajeshwari Cans Ltd is engaged in the business of manufacturing round-printed tin containers of various sizes which are used as packing material. The company supplies tin containers to customers engaged in the business of tobacco manufacturing and paint manufacturing. The company generates all of its revenue within India.

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