TGIF Agribusiness (BOM:544175) Receivables Turnover : 16.45 (As of Sep. 2024)

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What is TGIF Agribusiness 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. TGIF Agribusiness's Revenue for the six months ended in Sep. 2024 was ₹18.67 Mil. TGIF Agribusiness's average Accounts Receivable for the six months ended in Sep. 2024 was ₹1.14 Mil. Hence, TGIF Agribusiness's Receivables Turnover for the six months ended in Sep. 2024 was 16.45.

TGIF Agribusiness Receivables Turnover Historical Data

The historical data trend for TGIF Agribusiness'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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TGIF Agribusiness Receivables Turnover Chart

TGIF Agribusiness Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

117.51

126.61

136.72

TGIF Agribusiness Semi-Annual Data
	Mar21	Mar22	Mar23	Sep24
Receivables Turnover	-	-	-	16.45

Competitive Comparison of TGIF Agribusiness's Receivables Turnover

For the Farm Products subindustry, TGIF Agribusiness'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.

TGIF Agribusiness's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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

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TGIF Agribusiness Receivables Turnover Calculation

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

TGIF Agribusiness's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	22.969	/ (	(0.168	+	0)	/	1 )
=	22.969	/	0.168
=	136.72

TGIF Agribusiness'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. 2023 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	18.667	/ (	(0	+	1.135)	/	1 )
=	18.667	/	1.135
=	16.45

TGIF Agribusiness (BOM:544175) 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.

TGIF Agribusiness Receivables Turnover Related Terms

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TGIF Agribusiness Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » TGIF Agribusiness Ltd (BOM:544175) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

A/52, Fairy Society, 5th Floor, Corporate House, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.tgifagri.com

TGIF Agribusiness Ltd is majorly a horticulture company engaged in open farming of certain fruits and vegetables. It is engaged in the farming of pomegranate and also engaged in the farming and cultivation of dragon fruits and Sagwan trees.

TGIF Agribusiness Headlines

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