Agarwal Float Glass India (NSE:AGARWALFT) Receivables Turnover : 3.49 (As of Sep. 2023)

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What is Agarwal Float Glass India 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. Agarwal Float Glass India's Revenue for the six months ended in Sep. 2023 was ₹421.7 Mil. Agarwal Float Glass India's average Accounts Receivable for the six months ended in Sep. 2023 was ₹120.8 Mil. Hence, Agarwal Float Glass India's Receivables Turnover for the six months ended in Sep. 2023 was 3.49.

Agarwal Float Glass India Receivables Turnover Historical Data

The historical data trend for Agarwal Float Glass India'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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Agarwal Float Glass India Receivables Turnover Chart

Agarwal Float Glass India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

3.46

3.32

4.52

4.78

Agarwal Float Glass India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			-	-	2.69	2.46	3.49

Competitive Comparison of Agarwal Float Glass India's Receivables Turnover

For the Building Materials subindustry, Agarwal Float Glass India'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.

Agarwal Float Glass India's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Agarwal Float Glass India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Agarwal Float Glass India's Receivables Turnover falls into.

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Agarwal Float Glass India Receivables Turnover Calculation

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

Agarwal Float Glass India's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	481.851	/ (	(88.274	+	113.345)	/	2 )
=	481.851	/	100.8095
=	4.78

Agarwal Float Glass India's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	421.696	/ (	(113.345	+	128.307)	/	2 )
=	421.696	/	120.826
=	3.49

Agarwal Float Glass India (NSE:AGARWALFT) 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.

Agarwal Float Glass India Receivables Turnover Related Terms

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Agarwal Float Glass India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Agarwal Float Glass India Ltd (NSE:AGARWALFT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

H-1/790, Sitapura Industrial Area Ext., Near Fire Bridge Office, Jaipur, RJ, IND, 302022

Website

https://www.agarwalfloat.com

Agarwal Float Glass India Ltd is engaged in the business of trading of glass and specialized glass products. The company procures quality products from manufacturers and thereafter sells the same through the sales managers or directly to customers, as a wholesaler of glass and glass products. The products are utilized in varied areas like office buildings, hotels, institutions, banks, insurance companies, shopping malls, diplomatic residences, and many others as per suitability. The product portfolio ranges between clear glass, different kinds of value-added glass products and processed glass products, of varying thicknesses.

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