GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Huhtamaki India Ltd (NSE:HUHTAMAKI) » Definitions » Receivables Turnover

Huhtamaki India (NSE:HUHTAMAKI) Receivables Turnover : 1.06 (As of Jun. 2024)


View and export this data going back to 2004. Start your Free Trial

What is Huhtamaki India 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. Huhtamaki India's Revenue for the three months ended in Jun. 2024 was ₹6,210 Mil. Huhtamaki India's average Accounts Receivable for the three months ended in Jun. 2024 was ₹5,838 Mil. Hence, Huhtamaki India's Receivables Turnover for the three months ended in Jun. 2024 was 1.06.


Huhtamaki India Receivables Turnover Historical Data

The historical data trend for Huhtamaki India'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.

* Premium members only.

Huhtamaki India Receivables Turnover Chart

Huhtamaki India Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.29 4.20 4.42 4.53 4.10

Huhtamaki India Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.01 1.08 1.06 1.08 1.06

Competitive Comparison of Huhtamaki India's Receivables Turnover

For the Packaging & Containers subindustry, Huhtamaki India'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.


Huhtamaki India's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Huhtamaki India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Huhtamaki India's Receivables Turnover falls into.



Huhtamaki India Receivables Turnover Calculation

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

Huhtamaki India's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=24813.2 / ((6587 + 5510) / 2 )
=24813.2 / 6048.5
=4.10

Huhtamaki India's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=6209.8 / ((0 + 5838.3) / 1 )
=6209.8 / 5838.3
=1.06

* 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.


Huhtamaki India  (NSE:HUHTAMAKI) 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.


Huhtamaki India Receivables Turnover Related Terms

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


Huhtamaki India Business Description

Traded in Other Exchanges
Address
L.B.S. Marg, Majiwade, Thane (West), Thane, MH, IND, 400 601
Huhtamaki India Ltd is engaged in manufacture and sale of packaging material. It offers a hoard of packaging solutions that comprise flexible packaging, including various pouching solutions, labelling technologies, and shrink sleeve solutions. The company operates through consumer packaging segment and focuses on manufacturing finished goods, such as laminates and coated/uncoated paper and films, cartons, shrink sleeves and automotive and industrial products. Its products are used in various flexible packaging applications, which include food and beverages, personal, oral and healthcare, tube laminate, pharma and medical, and other industries which are mainly domestic.

Huhtamaki India Headlines

No Headlines