Gajanand International (NSE:GAJANAND) Receivables Turnover : 4.97 (As of Sep. 2024)

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What is Gajanand International 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. Gajanand International's Revenue for the six months ended in Sep. 2024 was ₹435 Mil. Gajanand International's average Accounts Receivable for the six months ended in Sep. 2024 was ₹88 Mil. Hence, Gajanand International's Receivables Turnover for the six months ended in Sep. 2024 was 4.97.

Gajanand International Receivables Turnover Historical Data

The historical data trend for Gajanand International'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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Gajanand International Receivables Turnover Chart

Gajanand International Annual Data

Trend

Mar22

Mar23

Mar24

Receivables Turnover

16.52

19.17

15.70

Gajanand International Semi-Annual Data
	Mar22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	-	-	7.85	7.85	4.97

Competitive Comparison of Gajanand International's Receivables Turnover

For the Farm Products subindustry, Gajanand International'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.

Gajanand International's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Gajanand International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gajanand International's Receivables Turnover falls into.

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Gajanand International Receivables Turnover Calculation

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

Gajanand International'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 )
=	1086.552	/ (	(39.155	+	99.299)	/	2 )
=	1086.552	/	69.227
=	15.70

Gajanand International'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: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	434.745	/ (	(99.299	+	75.814)	/	2 )
=	434.745	/	87.5565
=	4.97

Gajanand International (NSE:GAJANAND) 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.

Gajanand International Receivables Turnover Related Terms

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Gajanand International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gajanand International Ltd (NSE:GAJANAND) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jasdan-Atkot Road, Near Bypass Circle, Survey No. 1257/1266, Jasdan, Rajkot, GJ, IND, 360050

Website

https://www.gajanand-int.com

Gajanand International Ltd is engaged in producing contamination-free and sustainable cotton. It offers high-quality service to its consumers. Its products include MECH1 Cotton, SHANKAR6 Cotton, DCH 32, and Khol.

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