Marvel Decor (NSE:MDL) Receivables Turnover : 3.00 (As of Sep. 2023)

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What is Marvel Decor 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. Marvel Decor's Revenue for the six months ended in Sep. 2023 was ₹262.0 Mil. Marvel Decor's average Accounts Receivable for the six months ended in Sep. 2023 was ₹87.3 Mil. Hence, Marvel Decor's Receivables Turnover for the six months ended in Sep. 2023 was 3.00.

Marvel Decor Receivables Turnover Historical Data

The historical data trend for Marvel Decor'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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Marvel Decor Receivables Turnover Chart

Marvel Decor Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.74

5.40

4.82

7.51

7.28

Marvel Decor Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial													3.96	4.30	3.60	3.40	3.00

Competitive Comparison of Marvel Decor's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Marvel Decor'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.

Marvel Decor's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Marvel Decor's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Marvel Decor's Receivables Turnover falls into.

Marvel Decor Receivables Turnover Calculation

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

Marvel Decor'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 )
=	496.674	/ (	(56.073	+	80.428)	/	2 )
=	496.674	/	68.2505
=	7.28

Marvel Decor'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 )
=	262.028	/ (	(80.428	+	94.17)	/	2 )
=	262.028	/	87.299
=	3.00

Marvel Decor (NSE:MDL) 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.

Marvel Decor Receivables Turnover Related Terms

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Marvel Decor (NSE:MDL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Marvel Decor Ltd (NSE:MDL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 210-211, GIDC Phase II, Dared, Jamnagar, GJ, IND, 361004

Website

https://www.marvellifestyle.com

Marvel Decor Ltd is an Indian-based company that engages in the manufacture of window blinds. It is engaged in the manufacturing and sale of window covering products like blinds, curtain rods, and tracks. It specializes in Roller blinds, Roman blinds, Luzon blinds, Grayson blinds, Eton blinds, Patricia blinds, Aric blinds, Colby blinds, Meliso blinds, Vertical blinds, Bamboo blinds, Wooden Venetian blinds, among others. The Company' business is geographically segmented covers the following countries such as UK, UAE, USA, Canada, Malta, Ireland, Australia, Ghana, New Zealand, Mexico, Nigeria, Kenya, Israel, etc.

Marvel Decor (NSE:MDL) Headlines

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