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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. Al-Haj Textile Mills's Revenue for the
three
months ended in Mar. 2024 was BDT110.0 Mil. Al-Haj Textile Mills's average Accounts Receivable for the
three
months ended in Mar. 2024 was BDT1.0 Mil.
Hence, Al-Haj Textile Mills's Receivables Turnover for the
three
months ended in Mar. 2024 was 110.25.
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.
Al-Haj Textile Mills Receivables Turnover Related Terms
Al-Haj Textile Mills Receivables Turnover Historical Data
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The historical data trend for Al-Haj Textile Mills'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.
DHA:AL-HAJTEX vs AIN: Receivables Turnover Comparison
For the Textile Manufacturing subindustry, Al-Haj Textile Mills'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.
Al-Haj Textile Mills Receivables Turnover vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Al-Haj Textile Mills's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Al-Haj Textile Mills's Receivables Turnover falls into.
* 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.
Al-Haj Textile Mills (DHA:AL-HAJTEX) has a Receivables Turnover of 110.25 as of Mar. 2024. The accounts 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. View historical data on Al-Haj Textile Mills and its competitors.
Is Al-Haj Textile Mills' Receivables Turnover too high?
Al-Haj Textile Mills' current Receivables Turnover is 110.25. The Manufacturing - Apparel & Accessories industry median Receivables Turnover is 6.94. Al-Haj Textile Mills' value of 110.25 is 1488.6% above this industry median. Overall, Al-Haj Textile Mills has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Al-Haj Textile Mills' Receivables Turnover compare to AIN?
Al-Haj Textile Mills' Receivables Turnover of 110.25 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Receivables Turnover is 6.94. Al-Haj Textile Mills' value of 110.25 is 1488.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Manufacturing - Apparel & Accessories company?
The median Receivables Turnover among Manufacturing - Apparel & Accessories companies is 6.94, based on 1,042 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Al-Haj Textile Mills's current Receivables Turnover of 110.25 is 1488.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Al-Haj Textile Mills and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Receivables Turnover is 6.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Al-Haj Textile Mills's current Receivables Turnover is 110.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al-Haj Textile Mills stock overvalued right now?
Al-Haj Textile Mills (DHA:AL-HAJTEX) has a current Receivables Turnover of 110.25. The current Receivables Turnover is 110.25 and 1488.6% above the Manufacturing - Apparel & Accessories industry median of 6.94. Al-Haj Textile Mills' overall GF Score™ is 5/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Al-Haj Textile Mills (DHA:AL-HAJTEX), the current Receivables Turnover is 110.25 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Al-Haj Textile Mills Ltd is a Bangladesh-based company mainly engaged in the manufacturing and sale of cotton yarns. It offers cotton, polyester spun, poly-viscose blend, poly-cotton blend, and viscose spun yarns.
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