Kamdhenu Ventures (NSE:KAMOPAINTS) Receivables Turnover : 0.42 (As of Sep. 2024)

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What is Kamdhenu Ventures 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. Kamdhenu Ventures's Revenue for the three months ended in Sep. 2024 was ₹548 Mil. Kamdhenu Ventures's average Accounts Receivable for the three months ended in Sep. 2024 was ₹1,317 Mil. Hence, Kamdhenu Ventures's Receivables Turnover for the three months ended in Sep. 2024 was 0.42.

Kamdhenu Ventures Receivables Turnover Historical Data

The historical data trend for Kamdhenu Ventures'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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Kamdhenu Ventures Receivables Turnover Chart

Kamdhenu Ventures Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

2.51

2.36

Kamdhenu Ventures Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial								0.57	0.68	0.59	0.38	0.42

Competitive Comparison of Kamdhenu Ventures's Receivables Turnover

For the Steel subindustry, Kamdhenu Ventures'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.

Kamdhenu Ventures's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kamdhenu Ventures's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kamdhenu Ventures's Receivables Turnover falls into.

Kamdhenu Ventures Receivables Turnover Calculation

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

Kamdhenu Ventures'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 )
=	2917.09	/ (	(1035.718	+	1438.738)	/	2 )
=	2917.09	/	1237.228
=	2.36

Kamdhenu Ventures's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	548.363	/ (	(0	+	1316.609)	/	1 )
=	548.363	/	1316.609
=	0.42

Kamdhenu Ventures (NSE:KAMOPAINTS) 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.

Kamdhenu Ventures Receivables Turnover Related Terms

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Kamdhenu Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kamdhenu Ventures Ltd (NSE:KAMOPAINTS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

543747:India

Address

DLF Cyber City, 2nd Floor, Tower-A, Building No. 9, Phase-III, Gurgaon, HR, IND, 122 002

Website

https://www.kamdhenulimited.com

Kamdhenu Ventures Ltd is engaged in the manufacturing, marketing, branding, and distribution of diverse products including Reinforcement steel Bars, Structural steels, Binding Wire, Colour Coated Sheets, Plywood, Paints, and many more. The Group is also engaged in trading TMT Bars, structural steel, and manufacturing of paints products.

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