City Crops Agro (BOM:544000) Receivables Turnover : 1.69 (As of Sep. 2024)

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What is City Crops Agro 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. City Crops Agro's Revenue for the six months ended in Sep. 2024 was ₹222.4 Mil. City Crops Agro's average Accounts Receivable for the six months ended in Sep. 2024 was ₹131.9 Mil. Hence, City Crops Agro's Receivables Turnover for the six months ended in Sep. 2024 was 1.69.

City Crops Agro Receivables Turnover Historical Data

The historical data trend for City Crops Agro'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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City Crops Agro Receivables Turnover Chart

City Crops Agro Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

1.64

3.41

2.87

3.66

City Crops Agro Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			1.31	1.96	1.63	1.88	1.69

Competitive Comparison of City Crops Agro's Receivables Turnover

For the Farm Products subindustry, City Crops Agro'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.

City Crops Agro's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where City Crops Agro's Receivables Turnover falls into.

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City Crops Agro Receivables Turnover Calculation

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

City Crops Agro'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 )
=	452.004	/ (	(88.798	+	158.186)	/	2 )
=	452.004	/	123.492
=	3.66

City Crops Agro'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 )
=	222.42	/ (	(158.186	+	105.666)	/	2 )
=	222.42	/	131.926
=	1.69

City Crops Agro (BOM:544000) 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.

City Crops Agro Receivables Turnover Related Terms

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City Crops Agro Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » City Crops Agro Ltd (BOM:544000) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

513 - Spg Echelon, Nr. Indraprasth Flats, Makarba, Ahmedabad, GJ, IND, 380053

Website

https://www.citycropagro.in

City Crops Agro Ltd is engaged in the business of trading of products like seeds, and agricultural produces mainly Rice, Wheat, Onions, Potato, Tomato, Isabgol, and Pulses. It has an integrated online platform that includes products such as cereals, oil seeds, pulses, and vegetables. The company is also engaged in contract manufacturing for agricultural produce such as Cucumber, Onion and Castor.

City Crops Agro Headlines

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