Argon Denims (DHA:ARGONDENIM) Receivables Turnover : 0.81 (As of Sep. 2024)

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What is Argon Denims 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. Argon Denims's Revenue for the three months ended in Sep. 2024 was BDT1,430 Mil. Argon Denims's average Accounts Receivable for the three months ended in Sep. 2024 was BDT1,774 Mil. Hence, Argon Denims's Receivables Turnover for the three months ended in Sep. 2024 was 0.81.

Argon Denims Receivables Turnover Historical Data

The historical data trend for Argon Denims'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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Argon Denims Receivables Turnover Chart

Argon Denims Annual Data

Trend

Dec13

Dec14

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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1.81

1.73

2.35

2.11

2.88

Argon Denims 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															0.62	-	-	0.90	0.81

Competitive Comparison of Argon Denims's Receivables Turnover

For the Textile Manufacturing subindustry, Argon Denims'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.

Argon Denims's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Argon Denims's Receivables Turnover falls into.

Argon Denims Receivables Turnover Calculation

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

Argon Denims's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	5674.593	/ (	(2169.891	+	1773.864)	/	2 )
=	5674.593	/	1971.8775
=	2.88

Argon Denims'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 )
=	1430.239	/ (	(1773.864	+	0)	/	1 )
=	1430.239	/	1773.864
=	0.81

Argon Denims (DHA:ARGONDENIM) 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.

Argon Denims Receivables Turnover Related Terms

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Argon Denims Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Argon Denims Ltd (DHA:ARGONDENIM) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

57, Joar Sahara, New Airport Road, Level-6, Lotus Kamal Tower ONE, Nikunja-2- C/A, Dhaka, BGD, 1229

Website

http://www.argondenims.com

Argon Denims Ltd is engaged in manufacturing, dyeing, and finishing Denim Fabric based in Bangladesh and focuses on exports. The firm carries out the business of weaving, spinning, bleaching, dyeing, mercerizing printing, finishing, and selling denim fabrics, yarn, cloth, linen, hosiery, and other goods and fabrics whether textiles knitted or looped. It produces a medium and premium range of denim fabrics in various weights. The products include fabrics in 100% cotton, cotton stretch, cotton polyester, and cotton-polyester stretch. The dyeing line is equipped with light and dark indigo, Sulphur black, SBIT, IBST with casts and colors.

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