Cargosol Logistics (BOM:543621) Receivables Turnover : 1.54 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Cargosol Logistics 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. Cargosol Logistics's Revenue for the six months ended in Mar. 2024 was ₹524 Mil. Cargosol Logistics's average Accounts Receivable for the six months ended in Mar. 2024 was ₹340 Mil. Hence, Cargosol Logistics's Receivables Turnover for the six months ended in Mar. 2024 was 1.54.

Cargosol Logistics Receivables Turnover Historical Data

The historical data trend for Cargosol Logistics'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.

Cargosol Logistics Receivables Turnover Chart

Cargosol Logistics Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

3.65

4.66

7.50

5.89

3.63

Cargosol Logistics Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			-	3.70	2.30	1.80	1.54

Competitive Comparison of Cargosol Logistics's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Cargosol Logistics'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.

Cargosol Logistics's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Cargosol Logistics's Receivables Turnover distribution charts can be found below:

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

Cargosol Logistics Receivables Turnover Calculation

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

Cargosol Logistics'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 )
=	1135.486	/ (	(311.665	+	313.765)	/	2 )
=	1135.486	/	312.715
=	3.63

Cargosol Logistics'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	524.324	/ (	(365.68	+	313.765)	/	2 )
=	524.324	/	339.7225
=	1.54

Cargosol Logistics (BOM:543621) 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.

Cargosol Logistics Receivables Turnover Related Terms

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

Cargosol Logistics (BOM:543621) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Cargosol Logistics Ltd (BOM:543621) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sahar Road, 502, Swaroop Arcade, Andheri (East), Mumbai, MH, IND, 400099

Website

https://www.cargosol.com

Cargosol Logistics Ltd is a complete 3 PL (third-party logistics) service provider, delivering end-to-end solutions in the logistics and supply chain domain involving multimodal transport operations, owning and operating container, sea and air freight, transportation, warehousing, custom clearance services and handling of project cargo.

Cargosol Logistics (BOM:543621) Headlines

No Headlines