Goldstar Power (NSE:GOLDSTAR) Receivables Turnover : 4.41 (As of Mar. 2024)

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What is Goldstar Power 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. Goldstar Power's Revenue for the six months ended in Mar. 2024 was ₹500.4 Mil. Goldstar Power's average Accounts Receivable for the six months ended in Mar. 2024 was ₹113.4 Mil. Hence, Goldstar Power's Receivables Turnover for the six months ended in Mar. 2024 was 4.41.

Goldstar Power Receivables Turnover Historical Data

The historical data trend for Goldstar Power'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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Goldstar Power Receivables Turnover Chart

Goldstar Power Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.95

7.98

5.37

4.83

4.41

Goldstar Power Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							7.95	7.98	5.37	4.83	4.41

Competitive Comparison of Goldstar Power's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Goldstar Power'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.

Goldstar Power's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Goldstar Power's Receivables Turnover falls into.

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Goldstar Power Receivables Turnover Calculation

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

Goldstar Power'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 )
=	500.442	/ (	(110.958	+	115.745)	/	2 )
=	500.442	/	113.3515
=	4.41

Goldstar Power's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	500.442	/ (	(110.958	+	115.745)	/	2 )
=	500.442	/	113.3515
=	4.41

Goldstar Power (NSE:GOLDSTAR) 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.

Goldstar Power Receivables Turnover Related Terms

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Goldstar Power Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Goldstar Power Ltd (NSE:GOLDSTAR) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Rajkot Highway, Behind Ravi Petrol Pump, At & Post Hapa, Jamanagar, GJ, IND, 361120

Website

https://www.goldstarpower.com

Goldstar Power Ltd is a battery manufacturing Company. It sells its products under brand GOLDSTAR that includes Fully Automotive Batteries for Car, Tractor and Heavy Duty Trucks, Tubular Batteries for E-Rickshaw, SMF-VRLA Batteries for UPS Application, Motorcycle Batteries, Solar Batteries, Pure Lead and Alloy. The company has two reportable segments: Manufacturing of Battery, Lead Alloy and Trading of Inverter, Chemicals & other battery related equipment. Key revenue is generated from Manufacturing of Battery, Lead Alloy segment.

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