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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. Morarjee Textiles's Revenue for the
three
months ended in Dec. 2023 was ₹90.7 Mil. Morarjee Textiles's average Accounts Receivable for the
three
months ended in Dec. 2023 was ₹36.1 Mil.
Hence, Morarjee Textiles's Receivables Turnover for the
three
months ended in Dec. 2023 was 2.51.
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.
Morarjee Textiles Receivables Turnover Related Terms
Morarjee Textiles Receivables Turnover Historical Data
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The historical data trend for Morarjee Textiles'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.
For the Textile Manufacturing subindustry, Morarjee Textiles'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.
Morarjee Textiles Receivables Turnover vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Morarjee Textiles's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Morarjee Textiles'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.
Morarjee Textiles (NSE:MORARJEE) has a Receivables Turnover of 2.51 as of Dec. 2023. 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 Morarjee Textiles and its competitors.
Is Morarjee Textiles' Receivables Turnover too high?
Morarjee Textiles' current Receivables Turnover is 2.51. The Manufacturing - Apparel & Accessories industry median Receivables Turnover is 6.88. Morarjee Textiles' value of 2.51 is 63.5% below this industry median. Overall, Morarjee Textiles has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Morarjee Textiles' Receivables Turnover compare to competitors?
Morarjee Textiles' Receivables Turnover of 2.51 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Receivables Turnover is 6.88. Morarjee Textiles' value of 2.51 is 63.5% 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 6.88, based on 1,035 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. Morarjee Textiles's current Receivables Turnover of 2.51 is 63.5% 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 Morarjee Textiles and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Receivables Turnover is 6.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morarjee Textiles's current Receivables Turnover is 2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morarjee Textiles stock overvalued right now?
Morarjee Textiles (NSE:MORARJEE) has a current Receivables Turnover of 2.51. The current Receivables Turnover is 2.51 and 63.5% below the Manufacturing - Apparel & Accessories industry median of 6.88. Morarjee Textiles' 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 Morarjee Textiles (NSE:MORARJEE), the current Receivables Turnover is 2.51 as of Dec. 2023. 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.
Morarjee Textiles Ltd is involved in the textile manufacturing business sector. The firm deals in the manufacture of yarn and fabrics. Its products include white fabric, voiles, yarn, and fashion prints among others.
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