Phoenix Overseas (NSE:PHOGLOBAL) Receivables Turnover : 6.91 (As of Sep. 2024)

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What is Phoenix Overseas 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. Phoenix Overseas's Revenue for the six months ended in Sep. 2024 was ₹2,011 Mil. Phoenix Overseas's average Accounts Receivable for the six months ended in Sep. 2024 was ₹291 Mil. Hence, Phoenix Overseas's Receivables Turnover for the six months ended in Sep. 2024 was 6.91.

Phoenix Overseas Receivables Turnover Historical Data

The historical data trend for Phoenix Overseas'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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Phoenix Overseas Receivables Turnover Chart

Phoenix Overseas Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

12.90

10.41

12.05

13.82

Phoenix Overseas Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			-	-	8.82	5.65	6.91

Competitive Comparison of Phoenix Overseas's Receivables Turnover

For the Industrial Distribution subindustry, Phoenix Overseas'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.

Phoenix Overseas's Receivables Turnover Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Phoenix Overseas's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Phoenix Overseas's Receivables Turnover falls into.

Phoenix Overseas Receivables Turnover Calculation

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

Phoenix Overseas'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 )
=	5427.025	/ (	(311.534	+	474.03)	/	2 )
=	5427.025	/	392.782
=	13.82

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

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	2011.411	/ (	(474.03	+	108.144)	/	2 )
=	2011.411	/	291.087
=	6.91

Phoenix Overseas (NSE:PHOGLOBAL) 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.

Phoenix Overseas Receivables Turnover Related Terms

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Phoenix Overseas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Phoenix Overseas Ltd (NSE:PHOGLOBAL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

13B Bidhan Sarani Amherst Street, Chanda Plaza 4th Floor, Kolkata, WB, IND, 700006

Website

https://www.phxglobal.net

Phoenix Overseas Ltd is engaged into trading and marketing of animal feeds and agricultural produce and commodities such as corn, oil cakes, spices like dry red chilies, coriander, cumin seeds, food grains like rice, wheat, corn, sorghum and tea, pulses and agricultural feed like soya bean meal and rice bran de-oiled cake. It exports are to Bangladesh among other Asian Countries. It is also engaged in manufacturing of bags for men and women made of jute, cotton, canvas, and leather as well as various other fashion accessories for buyers based in European Countries like France, Italy, Germany, UAE and also in Australia. The company include three segments: Fashion Accessories, Merchant Export and Cold storage. Key revenue is generated from Merchant Export.

Phoenix Overseas Headlines

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