Krishival Foods (NSE:KRISHIVAL) Receivables Turnover : 6.48 (As of Sep. 2023)

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What is Krishival Foods 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. Krishival Foods's Revenue for the six months ended in Sep. 2023 was ₹515.7 Mil. Krishival Foods's average Accounts Receivable for the six months ended in Sep. 2023 was ₹79.5 Mil. Hence, Krishival Foods's Receivables Turnover for the six months ended in Sep. 2023 was 6.48.

Krishival Foods Receivables Turnover Historical Data

The historical data trend for Krishival Foods'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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Krishival Foods Receivables Turnover Chart

Krishival Foods Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

6.55

8.68

22.40

241.91

29.62

Krishival Foods Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			1,353.52	78.04	18.64	13.84	6.48

Competitive Comparison of Krishival Foods's Receivables Turnover

For the Packaged Foods subindustry, Krishival Foods'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.

Krishival Foods's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Krishival Foods's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Krishival Foods's Receivables Turnover falls into.

Krishival Foods Receivables Turnover Calculation

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

Krishival Foods's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	700.294	/ (	(4.136	+	43.147)	/	2 )
=	700.294	/	23.6415
=	29.62

Krishival Foods's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	515.709	/ (	(43.147	+	115.91)	/	2 )
=	515.709	/	79.5285
=	6.48

Krishival Foods (NSE:KRISHIVAL) 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.

Krishival Foods Receivables Turnover Related Terms

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Krishival Foods (NSE:KRISHIVAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Krishival Foods Ltd (NSE:KRISHIVAL) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Saki Vihar Road, 1309, Lodha Supremus Powai, Opposite MTNL Office, Mumbai, MH, IND, 400072

Website

https://www.krishival.com

Krishival Foods Ltd is engaged in processing raw cashew nuts into finished cashew kernels in different flavors. It primarily caters to the domestic market with a network of more than thirty distributors across India. In addition to processing raw cashews, we are also engaged in the business of organic manure which is prepared by using by-products like husk and other biodegradable material left after the processing of the raw cashews.

Krishival Foods (NSE:KRISHIVAL) Headlines

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