HMA Agro Industries (BOM:543929) Receivables Turnover : 2.43 (As of Sep. 2024)

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What is HMA Agro Industries 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. HMA Agro Industries's Revenue for the three months ended in Sep. 2024 was ₹14,659 Mil. HMA Agro Industries's average Accounts Receivable for the three months ended in Sep. 2024 was ₹6,028 Mil. Hence, HMA Agro Industries's Receivables Turnover for the three months ended in Sep. 2024 was 2.43.

HMA Agro Industries Receivables Turnover Historical Data

The historical data trend for HMA Agro Industries'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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HMA Agro Industries Receivables Turnover Chart

HMA Agro Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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11.71

12.49

13.81

10.91

12.34

HMA Agro Industries Quarterly Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial									2.31	2.40	2.88	1.48	2.43

Competitive Comparison of HMA Agro Industries's Receivables Turnover

For the Packaged Foods subindustry, HMA Agro Industries'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.

HMA Agro Industries's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, HMA Agro Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where HMA Agro Industries's Receivables Turnover falls into.

HMA Agro Industries Receivables Turnover Calculation

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

HMA Agro Industries'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 )
=	48132.9	/ (	(2984.82	+	4818.71)	/	2 )
=	48132.9	/	3901.765
=	12.34

HMA Agro Industries'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: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	14658.63	/ (	(0	+	6028.23)	/	1 )
=	14658.63	/	6028.23
=	2.43

HMA Agro Industries (BOM:543929) 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.

HMA Agro Industries Receivables Turnover Related Terms

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HMA Agro Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » HMA Agro Industries Ltd (BOM:543929) » Definitions » Receivables Turnover

Traded in Other Exchanges

HMAAGRO:India

Address

Fatehabad Road, N No. 18-A/5/3 Tajview Crossing, Agra, UP, IND, 282001

Website

https://www.hmagroup.co

HMA Agro Industries Ltd is engaged in the business of manufacturing and exporting Buffalo Frozen Meat and Meat Products. Its core products are frozen fresh deglanded Buffalo Meat. The Company operates in the State of Uttar Pradesh, Punjab, Haryana, Rajasthan, Bihar and Maharashtra.

HMA Agro Industries Headlines

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