Global Surfaces (NSE:GSLSU) Receivables Turnover : 0.93 (As of Dec. 2023)

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What is Global Surfaces 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 Surfaces's Revenue for the three months ended in Dec. 2023 was ₹401 Mil. Global Surfaces's average Accounts Receivable for the three months ended in Dec. 2023 was ₹430 Mil. Hence, Global Surfaces's Receivables Turnover for the three months ended in Dec. 2023 was 0.93.

Global Surfaces Receivables Turnover Historical Data

The historical data trend for Global Surfaces'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 Surfaces Receivables Turnover Chart

Global Surfaces Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

5.80

5.14

4.80

4.27

Global Surfaces Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					0.93	0.88	0.08	0.93	0.93

Competitive Comparison of Global Surfaces's Receivables Turnover

For the Building Materials subindustry, Global Surfaces'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 Surfaces's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Global Surfaces's Receivables Turnover distribution charts can be found below:

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

Global Surfaces Receivables Turnover Calculation

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

Global Surfaces's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	1772.91	/ (	(389.78	+	439.96)	/	2 )
=	1772.91	/	414.87
=	4.27

Global Surfaces's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	400.65	/ (	(430.39	+	0)	/	1 )
=	400.65	/	430.39
=	0.93

Global Surfaces (NSE:GSLSU) 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 Surfaces Receivables Turnover Related Terms

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Global Surfaces (NSE:GSLSU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Global Surfaces Ltd (NSE:GSLSU) » Definitions » Receivables Turnover

Traded in Other Exchanges

543829:India

Address

Plot No. PA-10-006, Engineering and Related Industries SEZ, Mahindra World City Tehsil-Sanganer, Jaipur, RJ, IND, 302037

Website

https://www.globalsurfaces.in

Global Surfaces Ltd is engaged in processing natural stones and manufacturing engineered quartz. The Natural stones are produced through complex geological processes and forms various products like granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth.

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