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Devyani International (BOM:543330) Receivables Turnover : 19.87 (As of Mar. 2024)


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What is Devyani International 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. Devyani International's Revenue for the three months ended in Mar. 2024 was ₹10,471 Mil. Devyani International's average Accounts Receivable for the three months ended in Mar. 2024 was ₹527 Mil. Hence, Devyani International's Receivables Turnover for the three months ended in Mar. 2024 was 19.87.


Devyani International Receivables Turnover Historical Data

The historical data trend for Devyani International'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.

Devyani International Receivables Turnover Chart

Devyani International Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial 90.41 65.50 108.83 120.00 87.17

Devyani International Quarterly Data
Mar19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.12 29.29 21.60 22.22 19.87

Competitive Comparison of Devyani International's Receivables Turnover

For the Restaurants subindustry, Devyani International'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.


Devyani International's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Devyani International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Devyani International's Receivables Turnover falls into.



Devyani International Receivables Turnover Calculation

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

Devyani International'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 )
=35563.17 / ((289.07 + 526.91) / 2 )
=35563.17 / 407.99
=87.17

Devyani International's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=10470.78 / ((0 + 526.91) / 1 )
=10470.78 / 526.91
=19.87

* 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.


Devyani International  (BOM:543330) 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.


Devyani International Receivables Turnover Related Terms

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Devyani International (BOM:543330) Business Description

Traded in Other Exchanges
Address
Plot No. 18, Sector-35, Gurugram, HR, IND, 122 004
Devyani International Ltd is a franchisee of Yum Brands in India and is among the largest operators of quick-service restaurants chain and operates around 1243 stores across 155 cities in India. Geographically, it derives a majority of its revenue from India.

Devyani International (BOM:543330) Headlines

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