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Global Pet Industries (NSE:GLOBALPET) Receivables Turnover : 17.20 (As of Mar. 2022)


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What is Global Pet Industries 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. Global Pet Industries's Revenue for the six months ended in Mar. 2022 was ₹276.1 Mil. Global Pet Industries's average Accounts Receivable for the six months ended in Mar. 2022 was ₹16.1 Mil. Hence, Global Pet Industries's Receivables Turnover for the six months ended in Mar. 2022 was 17.20.

Global Pet Industries Receivables Turnover Historical Data

The historical data trend for Global Pet Industries'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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Global Pet Industries Receivables Turnover Chart

Global Pet Industries Annual Data
Trend Mar20 Mar21 Mar22
Receivables Turnover
12.11 14.05 17.20

Global Pet Industries Semi-Annual Data
Mar20 Mar21 Mar22
Receivables Turnover 12.11 14.05 17.20

Competitive Comparison of Global Pet Industries's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Global Pet 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.

Global Pet Industries's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Global Pet Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Global Pet Industries's Receivables Turnover falls into.


Global Pet Industries Receivables Turnover Calculation

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

Global Pet Industries's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

Receivables Turnover (A: Mar. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2022 ) / ((Accounts Receivable (A: Mar. 2021 ) + Accounts Receivable (A: Mar. 2022 )) / count )
=276.057 / ((15.748 + 16.352) / 2 )
=276.057 / 16.05
=17.20

Global Pet Industries's Receivables Turnover for the quarter that ended in Mar. 2022 is calculated as

Receivables Turnover (Q: Mar. 2022 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2022 ) / ((Accounts Receivable (Q: Mar. 2021 ) + Accounts Receivable (Q: Mar. 2022 )) / count )
=276.057 / ((15.748 + 16.352) / 2 )
=276.057 / 16.05
=17.20

* 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.

Global Pet Industries  (NSE:GLOBALPET) 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.

Global Pet Industries Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Global Pet Industries's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Global Pet Industries (NSE:GLOBALPET) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Global Pet Industries Ltd (NSE:GLOBALPET) » Definitions » Receivables Turnover
Comparable Companies
NSE:AUROIMPEX BOM:537326 NSE:SCML BOM:505324 NSE:PENTAGON BOM:513709 NSE:MAKS BOM:504286 BOM:505216 BOM:517546 GE XTER:SIE XPAR:SU ETN ITW XKRX:373220 OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
Unit Nos. 8 to 15, 108 & 109, Karishma Industrial Estate, Survey No. 36, Hissa No. 5, Village Waliv, Dhumal Nagar, Near Rashmi Bungalow, Vasai East, Palghar, Vasai, MH, IND, 401208
Website
https://www.globalpetind.com
Global Pet Industries Ltd is engaged in manufacturing of PET Stretch Blow Moulding Machine which is used for manufacturing of machine which is suitable in the business segment of Pet stretch below moulding solutions from 50ml to 20 Litres of PET bottles such as fridge bottles, packaged drinking mineral water bottles, carbonated soft drinks bottles, hot fill juice bottles, edible oil bottles, liquid detergent bottles, cosmetic products bottles, confectionery jars, Pharma bottles, liquor & distilleries bottles, pesticides bottles, etc. Apart from manufacturing of PET Stretch Blow Moulding Machine, the company also provides after-sales services such as providing spares, components, accessories and providing repairs and maintenance of the machines after delivery.

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