Boss Packaging Solutions (NSE:BOSS) Receivables Turnover : 4.37 (As of Mar. 2024)

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What is Boss Packaging Solutions 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. Boss Packaging Solutions's Revenue for the six months ended in Mar. 2024 was ₹121.7 Mil. Boss Packaging Solutions's average Accounts Receivable for the six months ended in Mar. 2024 was ₹27.9 Mil. Hence, Boss Packaging Solutions's Receivables Turnover for the six months ended in Mar. 2024 was 4.37.

Boss Packaging Solutions Receivables Turnover Historical Data

The historical data trend for Boss Packaging Solutions'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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Boss Packaging Solutions Receivables Turnover Chart

Boss Packaging Solutions Annual Data

Trend

Mar22

Mar23

Mar24

Receivables Turnover

10.14

5.91

4.37

Boss Packaging Solutions Semi-Annual Data
	Mar22	Mar23	Mar24
Receivables Turnover	10.14	5.91	4.37

Competitive Comparison of Boss Packaging Solutions's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Boss Packaging Solutions'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.

Boss Packaging Solutions's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Boss Packaging Solutions's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Boss Packaging Solutions's Receivables Turnover falls into.

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Boss Packaging Solutions Receivables Turnover Calculation

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

Boss Packaging Solutions's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	121.744	/ (	(29.581	+	26.176)	/	2 )
=	121.744	/	27.8785
=	4.37

Boss Packaging Solutions's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	121.744	/ (	(29.581	+	26.176)	/	2 )
=	121.744	/	27.8785
=	4.37

Boss Packaging Solutions (NSE:BOSS) 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.

Boss Packaging Solutions Receivables Turnover Related Terms

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Boss Packaging Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Boss Packaging Solutions Ltd (NSE:BOSS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vin Zol Road, Opposite Ramol Mehmdabad Highway, 11-C, Survey No. 56/1/2/3, Ramdev Estate, Near Siddipura Estate, Ahmedabad, GJ, IND, 382445

Website

http://www.bosspackaging.in

Boss Packaging Solutions Ltd is a manufacturer, supplier and exporter of diversified packaging machines, self-adhesive sticker labelling machines, conveyors, turn tables, web sealers, electric tunnels, etc. its products find application in various end-use industries including edible oil, lubricants, chemicals, cosmetics, homecare, pharmaceuticals, viscous liquid, juices and dairy, agriculture and pesticides, food and ancillaries, cosmetic and toiletries, and distilleries and breweries.