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Hayleys Fabric (COL:MGT.N0000) Receivables Turnover : 2.28 (As of Sep. 2024)


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What is Hayleys Fabric 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. Hayleys Fabric's Revenue for the three months ended in Sep. 2024 was රු12,813 Mil. Hayleys Fabric's average Accounts Receivable for the three months ended in Sep. 2024 was රු5,630 Mil. Hence, Hayleys Fabric's Receivables Turnover for the three months ended in Sep. 2024 was 2.28.


Hayleys Fabric Receivables Turnover Historical Data

The historical data trend for Hayleys Fabric'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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Hayleys Fabric Receivables Turnover Chart

Hayleys Fabric Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.32 11.22 13.48 10.93 8.80

Hayleys Fabric Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.71 2.15 2.00 2.31 2.28

Competitive Comparison of Hayleys Fabric's Receivables Turnover

For the Textile Manufacturing subindustry, Hayleys Fabric'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.


Hayleys Fabric's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hayleys Fabric's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hayleys Fabric's Receivables Turnover falls into.



Hayleys Fabric Receivables Turnover Calculation

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

Hayleys Fabric'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 )
=47348.112 / ((5903.774 + 4861.102) / 2 )
=47348.112 / 5382.438
=8.80

Hayleys Fabric'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 )
=12813.251 / ((6225.772 + 5033.229) / 2 )
=12813.251 / 5629.5005
=2.28

* 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.


Hayleys Fabric  (COL:MGT.N0000) 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.


Hayleys Fabric Receivables Turnover Related Terms

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Hayleys Fabric Business Description

Traded in Other Exchanges
N/A
Address
Narthupana Estate, Neboda, LKA
Hayleys Fabric PLC is engaged in the manufacturing, distribution, and trading of Fabric materials and related products. In addition, the company also provides services like circular knitting of fabric, fabric dyeing and finishing, fabric printing, brushing, and sueding. Its product portfolio includes products like diversified weft knit, polyester fabrics, nylon fabric, and various other fabric products. The company possesses market recognition under the brand name INNO. The majority of its revenue comes from the Sri Lankan market.

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