GSM Foils (NSE:GSMFOILS) Receivables Turnover : 1.97 (As of Dec. 2024)

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What is GSM Foils 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. GSM Foils's Revenue for the three months ended in Dec. 2024 was ₹360.2 Mil. GSM Foils's average Accounts Receivable for the three months ended in Dec. 2024 was ₹182.8 Mil. Hence, GSM Foils's Receivables Turnover for the three months ended in Dec. 2024 was 1.97.

GSM Foils Receivables Turnover Historical Data

The historical data trend for GSM Foils'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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GSM Foils Receivables Turnover Chart

GSM Foils Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

11.82

20.28

12.18

GSM Foils Quarterly Data
	Mar21	Mar22	Mar23	Dec23	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial			-	-	-	-	1.97

Competitive Comparison of GSM Foils's Receivables Turnover

For the Medical Instruments & Supplies subindustry, GSM Foils'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.

GSM Foils's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, GSM Foils's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where GSM Foils's Receivables Turnover falls into.

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GSM Foils Receivables Turnover Calculation

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

GSM Foils'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 )
=	658.835	/ (	(39.998	+	68.164)	/	2 )
=	658.835	/	54.081
=	12.18

GSM Foils'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 )
=	360.215	/ (	(182.755	+	0)	/	1 )
=	360.215	/	182.755
=	1.97

GSM Foils (NSE:GSMFOILS) 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.

GSM Foils Receivables Turnover Related Terms

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GSM Foils Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » GSM Foils Ltd (NSE:GSMFOILS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Gala No 06, 106, 206, 306, Sapphire Building, Diamond Industrial Estate, Vasai East IE, Thane, MH, IND, 401208

Website

https://www.gsmfoils.com

GSM Foils Ltd is engaged in the business of manufacturing Blister Foils and Aluminium Pharma Foils (also known as "Strip Foils") which is used in packing of pharmaceutical medicines which includes capsules and tablets both. It products includes plain and printed aluminium foils and strip foils along with alu alu base foils and it ranges from 0.020/ 0.025/ 0.030/ 0.040 micron for coated /ploy laminated/ blister/ strip printed foils. Aluminium Foil or Strip Foils are one of the packaging options for highly sensitive pharmaceutical products that protects the medicines from oxygen, moisture, and other environmental influences. Blister Foils are commonly used as unit-dose packaging for pharmaceutical tablets.

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