Moksh Ornaments (NSE:MOKSH) Receivables Turnover: 4.18 (As of Sep. 2024)

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NSE:MOKSH Moksh Ornaments Ltd NSE:MOKSH
4 GF Score
Price ₹10.57
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What is Moksh Ornaments Receivables Turnover?

Moksh Ornaments NSE:MOKSH +2.72% 4 Receivables Turnover is 4.18 as of Sep. 2024. GuruFocus rates NSE:MOKSH with a GF Score™ of 4/100.

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. Moksh Ornaments's Revenue for the three months ended in Sep. 2024 was ₹1,584 Mil. Moksh Ornaments's average Accounts Receivable for the three months ended in Sep. 2024 was ₹379 Mil. Hence, Moksh Ornaments's Receivables Turnover for the three months ended in Sep. 2024 was 4.18.


Moksh Ornaments  (NSE:MOKSH) 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.


Moksh Ornaments Receivables Turnover Related Terms


Moksh Ornaments Receivables Turnover Historical Data

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The historical data trend for Moksh Ornaments'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.

Moksh Ornaments Receivables Turnover Chart

Moksh Ornaments Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.02 8.43 8.64 15.01 12.71

Moksh Ornaments Quarterly Data
Sep19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.23 1.50 2.53 3.28 4.18

NSE:MOKSH vs TPR: Receivables Turnover Comparison

For the Luxury Goods subindustry, Moksh Ornaments'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.


Moksh Ornaments Receivables Turnover vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Moksh Ornaments's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Moksh Ornaments's Receivables Turnover falls into.


NSE:MOKSH
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Moksh Ornaments Ltd NSE:MOKSH
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Moksh Ornaments Receivables Turnover Calculation

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

Moksh Ornaments's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=4492.011 / ((290.133 + 416.988) / 2 )
=4492.011 / 353.5605
=12.71

Moksh Ornaments's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=1584.477 / ((0 + 378.786) / 1 )
=1584.477 / 378.786
=4.18

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 4.18 mean?
Moksh Ornaments (NSE:MOKSH) has a Receivables Turnover of 4.18 as of Sep. 2024. 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 Moksh Ornaments and its competitors.
Is Moksh Ornaments' Receivables Turnover too high?
Moksh Ornaments' current Receivables Turnover is 4.18. The Retail - Cyclical industry median Receivables Turnover is 19.57. Moksh Ornaments' value of 4.18 is 78.6% below this industry median. Overall, Moksh Ornaments has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Moksh Ornaments' Receivables Turnover compare to TPR?
Moksh Ornaments' Receivables Turnover of 4.18 can be compared against companies in the Retail - Cyclical industry. The industry median Receivables Turnover is 19.57. Moksh Ornaments' value of 4.18 is 78.6% 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 Retail - Cyclical company?
The median Receivables Turnover among Retail - Cyclical companies is 19.57, based on 1,110 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. Moksh Ornaments's current Receivables Turnover of 4.18 is 78.6% 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 Moksh Ornaments and its competitors. For the Retail - Cyclical industry, the median Receivables Turnover is 19.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Moksh Ornaments's current Receivables Turnover is 4.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moksh Ornaments stock overvalued right now?
Moksh Ornaments (NSE:MOKSH) has a current Receivables Turnover of 4.18. The current Receivables Turnover is 4.18 and 78.6% below the Retail - Cyclical industry median of 19.57. Moksh Ornaments' overall GF Score™ is 4/100. 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 Moksh Ornaments (NSE:MOKSH), the current Receivables Turnover is 4.18 as of Sep. 2024. 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.

Moksh Ornaments Business Description

Address Kalbadevi Road, B-405/1, B-405/2, 4th floor, 99, Mulji Jetha Building, Glitz Mall, Champa Galli Cross Lane, Vitthalwadi, Kalbadevi, Mumbai, MH, IND, 400002
Moksh Ornaments Ltd is an India based company engaged in the manufacturing and wholesale of jewellery. The company sells gold jewellery and its product profile includes Bangles, Chain, and Mangalsutra. The jewelleries are manufactured on job work basis at Kolkata and Mumbai.
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