Manoj Vaibhav Gems N Jewellers (NSE:MVGJL) Receivables Turnover : 11.26 (As of Dec. 2024)

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What is Manoj Vaibhav Gems N Jewellers 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. Manoj Vaibhav Gems N Jewellers's Revenue for the three months ended in Dec. 2024 was ₹4,976 Mil. Manoj Vaibhav Gems N Jewellers's average Accounts Receivable for the three months ended in Dec. 2024 was ₹442 Mil. Hence, Manoj Vaibhav Gems N Jewellers's Receivables Turnover for the three months ended in Dec. 2024 was 11.26.

Manoj Vaibhav Gems N Jewellers Receivables Turnover Historical Data

The historical data trend for Manoj Vaibhav Gems N Jewellers'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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Manoj Vaibhav Gems N Jewellers Receivables Turnover Chart

Manoj Vaibhav Gems N Jewellers Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

164.81

104.17

85.16

91.31

84.25

Manoj Vaibhav Gems N Jewellers Quarterly Data
	Mar20	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial							-	20.51	20.23	14.53	11.26

Competitive Comparison of Manoj Vaibhav Gems N Jewellers's Receivables Turnover

For the Luxury Goods subindustry, Manoj Vaibhav Gems N Jewellers'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.

Manoj Vaibhav Gems N Jewellers's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Manoj Vaibhav Gems N Jewellers's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Manoj Vaibhav Gems N Jewellers's Receivables Turnover falls into.

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Manoj Vaibhav Gems N Jewellers Receivables Turnover Calculation

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

Manoj Vaibhav Gems N Jewellers's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	21496.73	/ (	(243.83	+	266.48)	/	2 )
=	21496.73	/	255.155
=	84.25

Manoj Vaibhav Gems N Jewellers's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	4976.28	/ (	(442	+	0)	/	1 )
=	4976.28	/	442
=	11.26

Manoj Vaibhav Gems N Jewellers (NSE:MVGJL) 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.

Manoj Vaibhav Gems N Jewellers Receivables Turnover Related Terms

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Manoj Vaibhav Gems N Jewellers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Manoj Vaibhav Gems N Jewellers Ltd (NSE:MVGJL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

543995:India

Address

D. No:- 47-10-19, 2nd Lane, Dwarakanagar, Visakhapatnam, AP, IND, 530016

Website

https://www.vaibhavjewellers.com

Manoj Vaibhav Gems N Jewellers Ltd is a leading regional jewellery brand in South India led by a first-generation woman entrepreneur. It is a hyperlocal jewellery retail chain with a presence in the micro markets of Andhra Pradesh & Telangana with 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities. It caters to all economic segments of the micro markets of Andhra Pradesh and Telangana through its dedicated branded showrooms and has a strong rural market focus and a dedicated urban focus also. The company positioned itself as a retailer focussed on Relationships, by Design where it focuses on offering designs, high quality, transparency and customer service to its customers.

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