Jet Airways (India) (NSE:JETAIRWAYS) Receivables Turnover: 7.12 (As of Jun. 2023)

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NSE:JETAIRWAYS Jet Airways (India) Ltd NSE:JETAIRWAYS
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What is Jet Airways (India) Receivables Turnover?

Jet Airways (India) NSE:JETAIRWAYS 4 Receivables Turnover is 7.12 as of Jun. 2023. GuruFocus rates NSE:JETAIRWAYS with a GF Score™ of 4/100.

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. Jet Airways (India)'s Revenue for the three months ended in Jun. 2023 was ₹375.7 Mil. Jet Airways (India)'s average Accounts Receivable for the three months ended in Jun. 2023 was ₹52.8 Mil. Hence, Jet Airways (India)'s Receivables Turnover for the three months ended in Jun. 2023 was 7.12.


Jet Airways (India)  (NSE:JETAIRWAYS) 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.


Jet Airways (India) Receivables Turnover Related Terms


Jet Airways (India) Receivables Turnover Historical Data

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The historical data trend for Jet Airways (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.

Jet Airways (India) Receivables Turnover Chart

Jet Airways (India) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.18 1.56 2.08 9.15 10.48

Jet Airways (India) Quarterly Data
Mar17 Mar18 Sep18 Mar19 Jun19 Sep19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 2.98 2.55 2.53 2.34 7.12

NSE:JETAIRWAYS vs DAL, LUV, UAL: Receivables Turnover Comparison

For the Airlines subindustry, Jet Airways (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.


Jet Airways (India) Receivables Turnover vs Transportation Industry

For the Transportation industry and Industrials sector, Jet Airways (India)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jet Airways (India)'s Receivables Turnover falls into.


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Jet Airways (India) Ltd NSE:JETAIRWAYS
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Jet Airways (India) Receivables Turnover Calculation

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

Jet Airways (India)'s Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=497.2 / ((42.1 + 52.8) / 2 )
=497.2 / 47.45
=10.48

Jet Airways (India)'s Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=375.7 / ((52.8 + 0) / 1 )
=375.7 / 52.8
=7.12

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 7.12 mean?
Jet Airways (India) (NSE:JETAIRWAYS) has a Receivables Turnover of 7.12 as of Jun. 2023. The accounts 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. View historical data on Jet Airways (India) and its competitors.
Is Jet Airways (India)'s Receivables Turnover too high?
Jet Airways (India)'s current Receivables Turnover is 7.12. The Transportation industry median Receivables Turnover is 7.78. Jet Airways (India)'s value of 7.12 is 8.5% below this industry median. Overall, Jet Airways (India) has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Jet Airways (India)'s Receivables Turnover compare to DAL and LUV?
Jet Airways (India)'s Receivables Turnover of 7.12 can be compared against companies in the Transportation industry. The industry median Receivables Turnover is 7.78. Jet Airways (India)'s value of 7.12 is 8.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Transportation company?
The median Receivables Turnover among Transportation companies is 7.78, based on 999 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jet Airways (India)'s current Receivables Turnover of 7.12 is 8.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Jet Airways (India) and its competitors. For the Transportation industry, the median Receivables Turnover is 7.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jet Airways (India)'s current Receivables Turnover is 7.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jet Airways (India) stock overvalued right now?
Jet Airways (India) (NSE:JETAIRWAYS) has a current Receivables Turnover of 7.12. The current Receivables Turnover is 7.12 and 8.5% below the Transportation industry median of 7.78. Jet Airways (India)'s overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Jet Airways (India) (NSE:JETAIRWAYS), the current Receivables Turnover is 7.12 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Jet Airways (India) Business Description

Address 252, LBS Marg, Global One, 3rd Floor, Kurla (West), Mumbai, MH, IND, 400070
Jet Airways (India) Ltd is an international airline operating out of India. The company principal activities include carriage of passengers and cargo in Domestic and International sectors. Passenger tickets may be purchased on its website and through mobile applications. It has arrangements with multiple international airlines to expand global destinations and increase access for customers. Additionally, multiple partnerships with hotels, dining and others allow customers to make accommodations for an entire trip. Geographically, it derives a majority of revenue from India.
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