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. Girnar Spintex Industries's Revenue for the
three
months ended in Mar. 2026 was ₹367 Mil. Girnar Spintex Industries's average Accounts Receivable for the
three
months ended in Mar. 2026 was ₹161 Mil.
Hence, Girnar Spintex Industries's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.28.
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.
Girnar Spintex Industries Receivables Turnover Related Terms
Girnar Spintex Industries Receivables Turnover Historical Data
* 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.
For the Textile Manufacturing subindustry, Girnar Spintex Industries'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.
Girnar Spintex Industries Receivables Turnover vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Girnar Spintex Industries's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Girnar Spintex Industries'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.
Girnar Spintex Industries (NSE:ASIL) has a Receivables Turnover of 2.28 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 Girnar Spintex Industries and its competitors.
Is Girnar Spintex Industries' Receivables Turnover too high?
Girnar Spintex Industries' current Receivables Turnover is 2.28. The Manufacturing - Apparel & Accessories industry median Receivables Turnover is 6.99. Girnar Spintex Industries' value of 2.28 is 67.4% below this industry median.
How does Girnar Spintex Industries' Receivables Turnover compare to competitors?
Girnar Spintex Industries' Receivables Turnover of 2.28 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Receivables Turnover is 6.99. Girnar Spintex Industries' value of 2.28 is 67.4% 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 6.99, based on 1,026 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. Girnar Spintex Industries's current Receivables Turnover of 2.28 is 67.4% 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 Girnar Spintex Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Receivables Turnover is 6.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Girnar Spintex Industries's current Receivables Turnover is 2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Girnar Spintex Industries stock overvalued right now?
Girnar Spintex Industries (NSE:ASIL) has a current Receivables Turnover of 2.28. The stock's GF Value™ is ₹2.18, compared to a current price of ₹0.70 — trading 67.9% below its estimated fair value. The current Receivables Turnover is 2.28 and 67.4% below the Manufacturing - Apparel & Accessories industry median of 6.99. 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 Girnar Spintex Industries (NSE:ASIL), the current Receivables Turnover is 2.28 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.
Girnar Spintex Industries Ltd is an India-based company engaged in the business of spinning mills. It earns revenues from cotton sales, fabric sales, waste sales, and yarn sales. The company generates a majority of its revenues from yarn sales.
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