Neelam Linens and Garments (India) (NSE:NEELAM) Receivables Turnover: 2.50 (As of Mar. 2025)

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NSE:NEELAM Neelam Linens and Garments (India) Ltd NSE:NEELAM
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What is Neelam Linens and Garments (India) Receivables Turnover?

Neelam Linens and Garments (India) NSE:NEELAM -4.12% 10 Receivables Turnover is 2.50 as of Mar. 2025. GuruFocus rates NSE:NEELAM with a GF Score™ of 10/100. The stock has 5 warning signs investors should review. Among 431 Furnishings, Fixtures & Appliances companies, Neelam Linens and Garments (India) ranks worse than 95.82% on this metric.

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. Neelam Linens and Garments (India)'s Revenue for the six months ended in Mar. 2025 was ₹1,104 Mil. Neelam Linens and Garments (India)'s average Accounts Receivable for the six months ended in Mar. 2025 was ₹442 Mil. Hence, Neelam Linens and Garments (India)'s Receivables Turnover for the six months ended in Mar. 2025 was 2.50.


Neelam Linens and Garments (India)  (NSE:NEELAM) 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.


Neelam Linens and Garments (India) Receivables Turnover Related Terms


Neelam Linens and Garments (India) Receivables Turnover Historical Data

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The historical data trend for Neelam Linens and Garments (India)'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.

Neelam Linens and Garments (India) Receivables Turnover Chart

Neelam Linens and Garments (India) Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Receivables Turnover
5.21 6.20 5.71 3.39 2.50

Neelam Linens and Garments (India) Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Receivables Turnover 5.21 6.20 5.71 3.39 2.50

NSE:NEELAM vs SN, SGI, MHK: Receivables Turnover Comparison

For the Furnishings, Fixtures & Appliances subindustry, Neelam Linens and Garments (India)'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.


Neelam Linens and Garments (India) Receivables Turnover vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Neelam Linens and Garments (India)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Neelam Linens and Garments (India)'s Receivables Turnover falls into.


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Neelam Linens and Garments (India) Receivables Turnover Calculation

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

Neelam Linens and Garments (India)'s Receivables Turnover for the fiscal year that ended in Mar. 2025 is calculated as

Receivables Turnover (A: Mar. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Mar. 2025 ) / ((Accounts Receivable (A: Mar. 2024 ) + Accounts Receivable (A: Mar. 2025 )) / count )
=1104.273 / ((419.207 + 465.704) / 2 )
=1104.273 / 442.4555
=2.50

Neelam Linens and Garments (India)'s Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

Receivables Turnover (Q: Mar. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2025 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Mar. 2025 )) / count )
=1104.273 / ((419.207 + 465.704) / 2 )
=1104.273 / 442.4555
=2.50

* 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 2.50 mean?
Neelam Linens and Garments (India) (NSE:NEELAM) has a Receivables Turnover of 2.50 as of Mar. 2025. 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 Neelam Linens and Garments (India) and its competitors. According to the industry distribution chart, Neelam Linens and Garments (India) ranks #413 out of 431 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 95.8%.
Is Neelam Linens and Garments (India)'s Receivables Turnover too high?
Neelam Linens and Garments (India)'s current Receivables Turnover is 2.50. The Furnishings, Fixtures & Appliances industry median Receivables Turnover is 7.08. Neelam Linens and Garments (India)'s value of 2.50 is 64.7% below this industry median. Based on the distribution chart, Neelam Linens and Garments (India) ranks #413 out of 431 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Neelam Linens and Garments (India) has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Neelam Linens and Garments (India)'s Receivables Turnover compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Neelam Linens and Garments (India) ranks #413 out of 431 companies for Receivables Turnover. This places Neelam Linens and Garments (India) in the lower half of its industry. The industry median Receivables Turnover is 7.08. Neelam Linens and Garments (India)'s value of 2.50 is 64.7% 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 Furnishings, Fixtures & Appliances company?
The median Receivables Turnover among Furnishings, Fixtures & Appliances companies is 7.08, based on 431 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. Neelam Linens and Garments (India)'s current Receivables Turnover of 2.50 is 64.7% 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 Neelam Linens and Garments (India) and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Receivables Turnover is 7.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neelam Linens and Garments (India)'s current Receivables Turnover is 2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neelam Linens and Garments (India) stock overvalued right now?
Neelam Linens and Garments (India) (NSE:NEELAM) has a current Receivables Turnover of 2.50. The current Receivables Turnover is 2.50 and 64.7% below the Furnishings, Fixtures & Appliances industry median of 7.08. Neelam Linens and Garments (India)'s overall GF Score™ is 10/100 with 5 warning signs to review. 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 Neelam Linens and Garments (India) (NSE:NEELAM), the current Receivables Turnover is 2.50 as of Mar. 2025. 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.

Neelam Linens and Garments (India) Business Description

Address Sitaram Jadav Marg, Delisle Road, A-1/446-447, 4th Floor, Shah & Nahar Industrial Estate, Lower Parel, Mumbai, MH, IND, 400013
Neelam Linens and Garments (India) Ltd operates as a soft home furnishing company based out of Maharashtra, India, extending its services to various clientele, including USA, Australia and Far East. The company specializes in the processing, finishing and supplying of bedsheets, Pillow cover, Duvet Cover, Towels, Rugs, Doher, Shirts & Garments predominantly for discounted retail outlets. It sources surplus or slightly imperfect fabric from the domestic market, applying value-added services such as designing, digital printing, dyeing, stitching, embroidery, and other enhancements. Its segment includes the business of Manufacturing of Bedsheets, Shirts and in the trading of Licences. The manufacturing of Bedsheets, Shirts segment derives majority of the revenue.
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