Apex Spinning & Knitting Mills (DHA:APEXSPINN) Receivables Turnover: 4.27 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DHA:APEXSPINN Apex Spinning & Knitting Mills Ltd DHA:APEXSPINN
64 GF Score
Price BDT374.80
GF Value BDT119.12
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Apex Spinning & Knitting Mills Receivables Turnover?

Apex Spinning & Knitting Mills DHA:APEXSPINN +2.01% 64 Receivables Turnover is 4.27 as of Mar. 2026. GuruFocus rates DHA:APEXSPINN with a GF Score™ of 64/100 and a GF Value™ of BDT119.12 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,035 Manufacturing - Apparel & Accessories companies, Apex Spinning & Knitting Mills ranks better than 84.44% on this metric.

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. Apex Spinning & Knitting Mills's Revenue for the three months ended in Mar. 2026 was BDT1,337 Mil. Apex Spinning & Knitting Mills's average Accounts Receivable for the three months ended in Mar. 2026 was BDT313 Mil. Hence, Apex Spinning & Knitting Mills's Receivables Turnover for the three months ended in Mar. 2026 was 4.27.


Apex Spinning & Knitting Mills  (DHA:APEXSPINN) 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.


Apex Spinning & Knitting Mills Receivables Turnover Related Terms


Apex Spinning & Knitting Mills Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Apex Spinning & Knitting 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.

Apex Spinning & Knitting Mills Receivables Turnover Chart

Apex Spinning & Knitting Mills Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.82 9.22 7.81 9.88 13.45

Apex Spinning & Knitting Mills Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.06 3.56 4.91 4.27

DHA:APEXSPINN vs RL, LEVI, VFC: Receivables Turnover Comparison

For the Apparel Manufacturing subindustry, Apex Spinning & Knitting 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.


Apex Spinning & Knitting Mills Receivables Turnover vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Apex Spinning & Knitting Mills's Receivables Turnover falls into.


DHA:APEXSPINN
64GF Score
Apex Spinning & Knitting Mills Ltd DHA:APEXSPINN
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apex Spinning & Knitting Mills Receivables Turnover Calculation

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

Apex Spinning & Knitting Mills's Receivables Turnover for the fiscal year that ended in Jun. 2025 is calculated as

Receivables Turnover (A: Jun. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Jun. 2025 ) / ((Accounts Receivable (A: Jun. 2024 ) + Accounts Receivable (A: Jun. 2025 )) / count )
=5360.864 / ((428.985 + 368.034) / 2 )
=5360.864 / 398.5095
=13.45

Apex Spinning & Knitting Mills's Receivables Turnover for the quarter that ended in Mar. 2026 is calculated as

Receivables Turnover (Q: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2026 ) / ((Accounts Receivable (Q: Dec. 2025 ) + Accounts Receivable (Q: Mar. 2026 )) / count )
=1336.885 / ((302.584 + 323.863) / 2 )
=1336.885 / 313.2235
=4.27

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 4.27 mean?
Apex Spinning & Knitting Mills (DHA:APEXSPINN) has a Receivables Turnover of 4.27 as of Mar. 2026. 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 Apex Spinning & Knitting Mills and its competitors. According to the industry distribution chart, Apex Spinning & Knitting Mills ranks #161 out of 1035 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 15.6%.
Is Apex Spinning & Knitting Mills' Receivables Turnover too high?
Apex Spinning & Knitting Mills' current Receivables Turnover is 4.27. The Manufacturing - Apparel & Accessories industry median Receivables Turnover is 6.89. Apex Spinning & Knitting Mills' value of 4.27 is 38% below this industry median. Based on the distribution chart, Apex Spinning & Knitting Mills ranks #161 out of 1035 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Apex Spinning & Knitting Mills has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apex Spinning & Knitting Mills' Receivables Turnover compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Apex Spinning & Knitting Mills ranks #161 out of 1035 companies for Receivables Turnover. This places Apex Spinning & Knitting Mills in the top 16% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 6.89. Apex Spinning & Knitting Mills' value of 4.27 is 38% below 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 6.89, based on 1,035 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. Apex Spinning & Knitting Mills's current Receivables Turnover of 4.27 is 38% below 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 Apex Spinning & Knitting Mills and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Receivables Turnover is 6.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apex Spinning & Knitting Mills's current Receivables Turnover is 4.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apex Spinning & Knitting Mills stock overvalued right now?
Based on GuruFocus' analysis, Apex Spinning & Knitting Mills (DHA:APEXSPINN) is currently considered Significantly Overvalued. The stock's GF Value™ is BDT119.12, compared to a current price of BDT374.80 — trading 214.6% above its estimated fair value. The current Receivables Turnover is 4.27 and 38% below the Manufacturing - Apparel & Accessories industry median of 6.89. Apex Spinning & Knitting Mills' overall GF Score™ is 64/100 with 3 warning signs to review. 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 Apex Spinning & Knitting Mills (DHA:APEXSPINN), the current Receivables Turnover is 4.27 as of Mar. 2026. 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.

Is Apex Spinning & Knitting Mills (DHA:APEXSPINN) Overvalued in 2026?

Based on GuruFocus' analysis, Apex Spinning & Knitting Mills stock appears to be overvalued. The current stock price of BDT374.80 is trading 214.6% above its estimated GF Value™ of BDT119.12. GuruFocus considers Apex Spinning & Knitting Mills to be Significantly Overvalued.

Key valuation signals for DHA:APEXSPINN:

  • Receivables Turnover: 4.27
  • GF Value™: BDT119.12 vs. price of BDT374.80 (214.6% above fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 38% below the Manufacturing - Apparel & Accessories median (#161 of 1035)

No single metric tells the full story. See the DHA:APEXSPINN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Apex Spinning & Knitting Mills Business Description

Address 18 Gulshan Avenue, Shanta Skymark, Levels 8-13, Gulshan, Dhaka, BGD, 1212
Apex Spinning & Knitting Mills Ltd is a Bangladesh-based company that operates as a manufacturer and exporter of all kinds of textiles and knitted garments. The company is an integrated knitting, dyeing and finishing and garment factory. The company specialises in infant, children's, and women's wear using fabrics produced in-house. ASKML is equipped to produce a wide range of solid dyed, yarn dyed, and all-over printed fabrics using a variety of designs provided by the customer.
64GF Score

Get the complete analysis for DHA:APEXSPINN

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT374.80
Price
BDT119.12
GF Value