Karnika Industries (NSE:KARNIKA) Receivables Turnover : 2.78 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Karnika Industries 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. Karnika Industries's Revenue for the six months ended in Mar. 2024 was ₹1,273 Mil. Karnika Industries's average Accounts Receivable for the six months ended in Mar. 2024 was ₹458 Mil. Hence, Karnika Industries's Receivables Turnover for the six months ended in Mar. 2024 was 2.78.

Karnika Industries Receivables Turnover Historical Data

The historical data trend for Karnika Industries'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.

Karnika Industries Receivables Turnover Chart

Karnika Industries Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

2.83

4.51

3.71

2.78

Karnika Industries Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Receivables Turnover	2.83	4.51	3.71	2.78

Competitive Comparison of Karnika Industries's Receivables Turnover

For the Apparel Manufacturing subindustry, Karnika Industries'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.

Karnika Industries's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Karnika Industries's Receivables Turnover falls into.

Karnika Industries Receivables Turnover Calculation

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

Karnika Industries'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 )
=	1272.726	/ (	(402.151	+	513.791)	/	2 )
=	1272.726	/	457.971
=	2.78

Karnika Industries's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1272.726	/ (	(402.151	+	513.791)	/	2 )
=	1272.726	/	457.971
=	2.78

Karnika Industries (NSE:KARNIKA) 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.

Karnika Industries Receivables Turnover Related Terms

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

Karnika Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Karnika Industries Ltd (NSE:KARNIKA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gurgola Ghat Road P.O. Salkia Howrah, 6&6/1, Kolkata, WB, IND, 711106

Website

http://www.karnikaindustries.com

Karnika Industries Ltd is an ISO 14001:2015 certified manufacturer through job work, trader and exporter of garments. It manufactures all types of kids wear through job work, i.e., shorts, joggers, capri, tees, rompers, sleepsuits, pyjamas, winter wear, infant wear, etc. It has constructed well-established manufacturing units for designing, preparation of the sample, quality inspection, ironing and packing of Garments that are equipped with all the necessary hi-tech machines and tools that are required for a modern manufacturing unit.

Karnika Industries Headlines

No Headlines