Gabriel Pet Straps (BOM:544108) Receivables Turnover : 2.96 (As of Sep. 2024)

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What is Gabriel Pet Straps 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. Gabriel Pet Straps's Revenue for the six months ended in Sep. 2024 was ₹54.83 Mil. Gabriel Pet Straps's average Accounts Receivable for the six months ended in Sep. 2024 was ₹18.55 Mil. Hence, Gabriel Pet Straps's Receivables Turnover for the six months ended in Sep. 2024 was 2.96.

Gabriel Pet Straps Receivables Turnover Historical Data

The historical data trend for Gabriel Pet Straps'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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Gabriel Pet Straps Receivables Turnover Chart

Gabriel Pet Straps Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

7.99

9.40

7.16

Gabriel Pet Straps Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			-	-	3.40	0.78	2.96

Competitive Comparison of Gabriel Pet Straps's Receivables Turnover

For the Tools & Accessories subindustry, Gabriel Pet Straps'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.

Gabriel Pet Straps's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gabriel Pet Straps's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gabriel Pet Straps's Receivables Turnover falls into.

Gabriel Pet Straps Receivables Turnover Calculation

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

Gabriel Pet Straps'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 )
=	107.197	/ (	(19.812	+	10.137)	/	2 )
=	107.197	/	14.9745
=	7.16

Gabriel Pet Straps'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 )
=	54.825	/ (	(10.137	+	26.967)	/	2 )
=	54.825	/	18.552
=	2.96

Gabriel Pet Straps (BOM:544108) 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.

Gabriel Pet Straps Receivables Turnover Related Terms

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Gabriel Pet Straps Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gabriel Pet Straps Ltd (BOM:544108) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Paddhari Bypass, Jamnagar Highway, Plot No. 23, Radhe Industrial Area, Behind Reliance Petrol Pump, Paddhari, Rajkot, GJ, IND, 360110

Website

https://www.gabrielpetstraps.com

Gabriel Pet Straps Ltd is engaged in the manufacturing and selling of Pet Straps under the brand name of 'Gabriel' which is widely used in the packaging of heavy materials. It produces Pet Straps from 9mm to 32mm in width and thickness ranging from 0.5mm to 1.27mm. It also offers customised bulk packaging solutions to different industries such as Cotton Bales, Fiber, Packaging, Paper, Waste Cloth, etc.

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