Ethos (BOM:543532) Receivables Turnover : 16.22 (As of Mar. 2024)

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What is Ethos 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. Ethos's Revenue for the three months ended in Mar. 2024 was ₹2,525 Mil. Ethos's average Accounts Receivable for the three months ended in Mar. 2024 was ₹156 Mil. Hence, Ethos's Receivables Turnover for the three months ended in Mar. 2024 was 16.22.

Ethos Receivables Turnover Historical Data

The historical data trend for Ethos'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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Ethos Receivables Turnover Chart

Ethos Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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50.04

35.85

66.50

138.83

91.86

Ethos Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial										33.60	37.24	16.01	19.14	16.22

Competitive Comparison of Ethos's Receivables Turnover

For the Luxury Goods subindustry, Ethos'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.

Ethos's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ethos's Receivables Turnover distribution charts can be found below:

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

Ethos Receivables Turnover Calculation

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

Ethos'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 )
=	9989.921	/ (	(61.774	+	155.719)	/	2 )
=	9989.921	/	108.7465
=	91.86

Ethos'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 )
=	2525.242	/ (	(0	+	155.719)	/	1 )
=	2525.242	/	155.719
=	16.22

Ethos (BOM:543532) 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.

Ethos Receivables Turnover Related Terms

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Ethos (BOM:543532) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ethos Ltd (BOM:543532) » Definitions » Receivables Turnover

Traded in Other Exchanges

ETHOSLTD:India

Address

Sector 8-C Madhya Marg, Kamla Centre, S.C.O. 88-89, Chandigarh, PB, IND, 160 009

Website

https://www.ethoswatches.com

Ethos Ltd is a luxury and premium watch retailer. The company's portfolio of premium and luxury watches includes brands like Omega, IWC Schaffhausen, Jaeger LeCoultre, Panerai, Bvlgari, H. Moser & Cie, Rado, Longines, Baume & Mercier, Oris SA, Corum, Carl F. Bucherer, Tissot, Raymond Weil, Louis Moinet and Balmain.

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