Milton Industries (NSE:MILTON) Receivables Turnover : 2.56 (As of Mar. 2022)

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What is Milton Industries 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. Milton Industries's Revenue for the six months ended in Mar. 2022 was ₹590.1 Mil. Milton Industries's average Accounts Receivable for the six months ended in Mar. 2022 was ₹230.9 Mil. Hence, Milton Industries's Receivables Turnover for the six months ended in Mar. 2022 was 2.56.

Milton Industries Receivables Turnover Historical Data

The historical data trend for Milton Industries'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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Milton Industries Receivables Turnover Chart

Milton Industries Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Receivables Turnover

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2.43

2.87

2.81

1.51

2.56

Milton Industries Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22
Receivables Turnover	Get a 7-Day Free Trial					2.43	2.87	2.81	1.51	2.56

Competitive Comparison of Milton Industries's Receivables Turnover

For the Lumber & Wood Production subindustry, Milton Industries'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.

Milton Industries's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Milton Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Milton Industries's Receivables Turnover falls into.

Milton Industries Receivables Turnover Calculation

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

Milton Industries'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 )
=	590.07	/ (	(260.067	+	201.77)	/	2 )
=	590.07	/	230.9185
=	2.56

Milton Industries's Receivables Turnover for the quarter that ended in Mar. 2022 is calculated as

	Receivables Turnover (Q: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2022 )	/ (	(Accounts Receivable (Q: Mar. 2021 )	+	Accounts Receivable (Q: Mar. 2022 ))	/	count )
=	590.07	/ (	(260.067	+	201.77)	/	2 )
=	590.07	/	230.9185
=	2.56

Milton Industries (NSE:MILTON) 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.

Milton Industries Receivables Turnover Related Terms

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Milton Industries (NSE:MILTON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Milton Industries Ltd (NSE:MILTON) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ashram Road, 1/2, Chitra-Ami Appartment, Opposite La Gajjar Chamber, Ahmedabad, GJ, IND, 380009

Website

https://www.miltonindustries.in

Milton Industries Ltd is engaged in the manufacturing of laminated sheets and other allied products. The firm produces artificial leather cloth and glass fiber reinforced epoxy (GFRE) sheets. It also manufactures, exports high-pressure laminates, industrial laminates, laminated boards, flooring laminates, artificial leather cloth, and other products. The business operates in three segments: Laminate, Rexine, and GFRE, of which the majority of the revenue comes from the GFRE division. The company's products are applicable on walls, doors, windows, cupboards, tabletops, hotels, cash counters, and home kitchens. The majority of the revenue comes from the Indian market.

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