Kalahridhaan Trendz (NSE:KTL) Receivables Turnover : 1.57 (As of Sep. 2023)

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What is Kalahridhaan Trendz 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. Kalahridhaan Trendz's Revenue for the six months ended in Sep. 2023 was ₹842.7 Mil. Kalahridhaan Trendz's average Accounts Receivable for the six months ended in Sep. 2023 was ₹537.7 Mil. Hence, Kalahridhaan Trendz's Receivables Turnover for the six months ended in Sep. 2023 was 1.57.

Kalahridhaan Trendz Receivables Turnover Historical Data

The historical data trend for Kalahridhaan Trendz'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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Kalahridhaan Trendz Receivables Turnover Chart

Kalahridhaan Trendz Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

6.34

5.34

3.59

Kalahridhaan Trendz Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Receivables Turnover	-	-	-	1.57

Competitive Comparison of Kalahridhaan Trendz's Receivables Turnover

For the Textile Manufacturing subindustry, Kalahridhaan Trendz'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.

Kalahridhaan Trendz's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Kalahridhaan Trendz's Receivables Turnover falls into.

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Kalahridhaan Trendz Receivables Turnover Calculation

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

Kalahridhaan Trendz'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 )
=	1841.685	/ (	(480.105	+	546.326)	/	2 )
=	1841.685	/	513.2155
=	3.59

Kalahridhaan Trendz'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 )
=	842.713	/ (	(546.326	+	529.012)	/	2 )
=	842.713	/	537.669
=	1.57

Kalahridhaan Trendz (NSE:KTL) 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.

Kalahridhaan Trendz Receivables Turnover Related Terms

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Kalahridhaan Trendz Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kalahridhaan Trendz Ltd (NSE:KTL) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Near Narol Cross Road, 57, Ashra Industrial Estate, Behind Mahalaxmi Fabrics, Narol, Ahmedabad, GJ, IND, 382405

Website

https://www.kalahridhaan.com

Kalahridhaan Trendz Ltd is engaged mainly in the business of manufacturing and trading of Fabric with embroidery works, Trading of grey cloths, purchase of grey cloth and printing and dyeing for preparing suiting, shirting and dress materials for sale in the B2B market only. It is preparing the suiting, shirting & dress material products and focuses on the wholesale market. It is the first stage wholesalers, that directly supply the material to the wholesalers.

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