Kundan Edifice (NSE:KEL) Receivables Turnover : 18.63 (As of Mar. 2023)

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What is Kundan Edifice 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. Kundan Edifice's Revenue for the six months ended in Mar. 2023 was ₹602.2 Mil. Kundan Edifice's average Accounts Receivable for the six months ended in Mar. 2023 was ₹32.3 Mil. Hence, Kundan Edifice's Receivables Turnover for the six months ended in Mar. 2023 was 18.63.

Kundan Edifice Receivables Turnover Historical Data

The historical data trend for Kundan Edifice'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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Kundan Edifice Receivables Turnover Chart

Kundan Edifice Annual Data

Trend

Mar21

Mar22

Receivables Turnover

10.52

19.16

Kundan Edifice Semi-Annual Data
	Mar21	Mar22	Mar23
Receivables Turnover	10.52	19.16	18.63

Competitive Comparison of Kundan Edifice's Receivables Turnover

For the Electronic Components subindustry, Kundan Edifice'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.

Kundan Edifice's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kundan Edifice's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kundan Edifice's Receivables Turnover falls into.

Kundan Edifice Receivables Turnover Calculation

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

Kundan Edifice's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Receivables Turnover (A: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2022 )	/ (	(Accounts Receivable (A: Mar. 2021 )	+	Accounts Receivable (A: Mar. 2022 ))	/	count )
=	324.725	/ (	(14.391	+	19.503)	/	2 )
=	324.725	/	16.947
=	19.16

Kundan Edifice's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	602.194	/ (	(19.503	+	45.131)	/	2 )
=	602.194	/	32.317
=	18.63

Kundan Edifice (NSE:KEL) 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.

Kundan Edifice Receivables Turnover Related Terms

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Kundan Edifice (NSE:KEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kundan Edifice Ltd (NSE:KEL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gala A/ B, Ganesh Industrial Estate, behind Burma Shell Petrol Pump, Vasai East, Palghar, MH, IND, 401208

Website

https://www.kundanedifice.com

Kundan Edifice Ltd is a Company engaged in manufacturing, assembly and sale of light emitting diode (LED) strip lights. They provide lighting solutions to some of the key electrical and electronic manufacturing brands in India. The Company has one reportable segment which is business of Manufacture & Selling LED Strip Lights.

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