Indian Card Clothing Co (NSE:INDIANCARD) Receivables Turnover : 0.89 (As of Jun. 2024)

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What is Indian Card Clothing Co 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. Indian Card Clothing Co's Revenue for the three months ended in Jun. 2024 was ₹100.2 Mil. Indian Card Clothing Co's average Accounts Receivable for the three months ended in Jun. 2024 was ₹112.8 Mil. Hence, Indian Card Clothing Co's Receivables Turnover for the three months ended in Jun. 2024 was 0.89.

Indian Card Clothing Co Receivables Turnover Historical Data

The historical data trend for Indian Card Clothing Co'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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Indian Card Clothing Co Receivables Turnover Chart

Indian Card Clothing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.71

4.30

4.90

4.10

3.50

Indian Card Clothing Co 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															0.97	1.01	0.82	0.33	0.89

Competitive Comparison of Indian Card Clothing Co's Receivables Turnover

For the Textile Manufacturing subindustry, Indian Card Clothing Co'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.

Indian Card Clothing Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Indian Card Clothing Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Indian Card Clothing Co's Receivables Turnover falls into.

Indian Card Clothing Co Receivables Turnover Calculation

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

Indian Card Clothing Co'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 )
=	468.847	/ (	(154.887	+	112.77)	/	2 )
=	468.847	/	133.8285
=	3.50

Indian Card Clothing Co'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 )
=	100.169	/ (	(112.77	+	0)	/	1 )
=	100.169	/	112.77
=	0.89

Indian Card Clothing Co (NSE:INDIANCARD) 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.

Indian Card Clothing Co Receivables Turnover Related Terms

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Indian Card Clothing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Indian Card Clothing Co Ltd (NSE:INDIANCARD) » Definitions » Receivables Turnover

Traded in Other Exchanges

509692:India

Address

Koregaon Park Annexe, 14th Floor, B Wing, AP-81, Mundhwa, Pune, MH, IND, 411036

Website

https://www.cardindia.com

Indian Card Clothing Co Ltd is a manufacturer of card clothing based in India. The company operates through two divisions: Card Clothing and Realty. It generates maximum revenue from the Card Clothing segment. Geographically, it sells its products in India and also exports them to other countries, from which the company derives a majority of its revenue from India. The company's product portfolio comprises Carding Solutions by Product Type which includes Cylinder Wires, Doffer Wires, Lickerin Wires, and Flat Tops. Carding Solutions by Material Type which includes Cotton and Synthetics, Woollen and Others, and Metallic Wires for Non-Woven and Carding solutions by application which includes Card clothing, Card room machinery, and Upgradation products.

Indian Card Clothing Co Headlines

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