Commercial Syn Bags (NSE:COMSYN) Receivables Turnover : 2.27 (As of Dec. 2024)

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What is Commercial Syn Bags 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. Commercial Syn Bags's Revenue for the three months ended in Dec. 2024 was ₹865 Mil. Commercial Syn Bags's average Accounts Receivable for the three months ended in Dec. 2024 was ₹381 Mil. Hence, Commercial Syn Bags's Receivables Turnover for the three months ended in Dec. 2024 was 2.27.

Commercial Syn Bags Receivables Turnover Historical Data

The historical data trend for Commercial Syn Bags'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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Commercial Syn Bags Receivables Turnover Chart

Commercial Syn Bags Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.03

10.74

11.32

9.16

8.23

Commercial Syn Bags Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															2.17	1.64	1.81	2.27	2.27

Competitive Comparison of Commercial Syn Bags's Receivables Turnover

For the Packaging & Containers subindustry, Commercial Syn Bags'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.

Commercial Syn Bags's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Commercial Syn Bags's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Commercial Syn Bags's Receivables Turnover falls into.

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Commercial Syn Bags Receivables Turnover Calculation

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

Commercial Syn Bags's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	2884.347	/ (	(276.509	+	424.08)	/	2 )
=	2884.347	/	350.2945
=	8.23

Commercial Syn Bags's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	864.926	/ (	(381.087	+	0)	/	1 )
=	864.926	/	381.087
=	2.27

Commercial Syn Bags (NSE:COMSYN) 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.

Commercial Syn Bags Receivables Turnover Related Terms

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Commercial Syn Bags Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Commercial Syn Bags Ltd (NSE:COMSYN) » Definitions » Receivables Turnover

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539986:India

Address

M.Y.H. Road, Commercial House, 3-4, Jaora Compound, Indore, MP, IND, 452001

Website

https://www.comsyn.com

Commercial Syn Bags Ltd is engaged in the business of manufacturing and sale of Flexible Intermediate Bulk Container (FIBC), High-Density Polyethylene (HDPE) and Polypropylene (PP) Woven Sacks, PP fabric, BOPP Bags, Container Bags, Pond Liners, Mulch Films, Tarpaulin, Bulk Bags, Technical Textiles, Flexible Packaging, and others. The company's operating segment includes Manufacturing and Trading. The company generates maximum revenue from the Manufacturing segment. Geographically, it derives a majority of its revenue from Outside India.

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