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Le Merite ExportsNSE:LEMERITE -0.39%63 Receivables Turnover is 0.90 as of Mar. 2026. GuruFocus rates NSE:LEMERITE with a GF Score™ of 63/100 and a GF Value™ of ₹33.87 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,037 Manufacturing - Apparel & Accessories companies, Le Merite Exports ranks worse than 95.27% on this metric.
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. Le Merite Exports's Revenue for the
three
months ended in Mar. 2026 was ₹753 Mil. Le Merite Exports's average Accounts Receivable for the
three
months ended in Mar. 2026 was ₹835 Mil.
Hence, Le Merite Exports's Receivables Turnover for the
three
months ended in Mar. 2026 was 0.90.
Le Merite Exports (NSE:LEMERITE) 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.
Le Merite Exports Receivables Turnover Related Terms
Le Merite Exports Receivables Turnover Historical Data
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The historical data trend for Le Merite Exports'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.
Le Merite Exports Receivables Turnover Competitor Comparison
For the Textile Manufacturing subindustry, Le Merite Exports'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.
Le Merite Exports Receivables Turnover vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Le Merite Exports's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Le Merite Exports's Receivables Turnover falls into.
* 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.
Le Merite Exports (NSE:LEMERITE) has a Receivables Turnover of 0.90 as of Mar. 2026. The accounts 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. View historical data on Le Merite Exports and its competitors. According to the industry distribution chart, Le Merite Exports ranks #988 out of 1037 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 95.3%.
Is Le Merite Exports' Receivables Turnover too high?
Le Merite Exports' current Receivables Turnover is 0.90. The Manufacturing - Apparel & Accessories industry median Receivables Turnover is 6.87. Le Merite Exports' value of 0.90 is 86.9% below this industry median. Based on the distribution chart, Le Merite Exports ranks #988 out of 1037 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Le Merite Exports has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Le Merite Exports' Receivables Turnover compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Le Merite Exports ranks #988 out of 1037 companies for Receivables Turnover. This places Le Merite Exports in the lower half of its industry. The industry median Receivables Turnover is 6.87. Le Merite Exports' value of 0.90 is 86.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Manufacturing - Apparel & Accessories company?
The median Receivables Turnover among Manufacturing - Apparel & Accessories companies is 6.87, based on 1,037 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Le Merite Exports's current Receivables Turnover of 0.90 is 86.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Le Merite Exports and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Receivables Turnover is 6.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Le Merite Exports's current Receivables Turnover is 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Le Merite Exports stock overvalued right now?
Based on GuruFocus' analysis, Le Merite Exports (NSE:LEMERITE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹33.87, compared to a current price of ₹23.27 — trading 31.3% below its estimated fair value. The current Receivables Turnover is 0.90 and 86.9% below the Manufacturing - Apparel & Accessories industry median of 6.87. Le Merite Exports' overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Le Merite Exports (NSE:LEMERITE), the current Receivables Turnover is 0.90 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Le Merite Exports (NSE:LEMERITE) Overvalued in 2026?
Based on GuruFocus' analysis, Le Merite Exports stock appears to be undervalued.
The current stock price of ₹23.27 is trading 31.3% below its estimated GF Value™ of ₹33.87.
GuruFocus considers Le Merite Exports to be Significantly Undervalued.
Key valuation signals for NSE:LEMERITE:
Receivables Turnover: 0.90
GF Value™: ₹33.87 vs. price of ₹23.27 (31.3% below fair value)
Industry Position: 86.9% below the Manufacturing - Apparel & Accessories median (#988 of 1037)
No single metric tells the full story. See the NSE:LEMERITE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Le Merite Exports Ltd is engaged in the manufacturing and trading of textile products namely cotton yarn, greige fabric, and finished fabric for domestic and export sales. The reportable segment for the Company is textile business.
63GF Score
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