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Raj Rayon Industries (NSE:RAJRILTD) Receivables Turnover : 6.74 (As of Sep. 2024)


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What is Raj Rayon Industries 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. Raj Rayon Industries's Revenue for the three months ended in Sep. 2024 was ₹2,120 Mil. Raj Rayon Industries's average Accounts Receivable for the three months ended in Sep. 2024 was ₹315 Mil. Hence, Raj Rayon Industries's Receivables Turnover for the three months ended in Sep. 2024 was 6.74.


Raj Rayon Industries Receivables Turnover Historical Data

The historical data trend for Raj Rayon Industries'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.

* Premium members only.

Raj Rayon Industries Receivables Turnover Chart

Raj Rayon Industries 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 - - - 11.89 25.09

Raj Rayon Industries Quarterly Data
Dec19 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 7.31 7.95 5.98 5.57 6.74

Competitive Comparison of Raj Rayon Industries's Receivables Turnover

For the Textile Manufacturing subindustry, Raj Rayon Industries'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.


Raj Rayon Industries's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Raj Rayon Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Raj Rayon Industries's Receivables Turnover falls into.



Raj Rayon Industries Receivables Turnover Calculation

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

Raj Rayon Industries'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 )
=7450.975 / ((230.78 + 363.08) / 2 )
=7450.975 / 296.93
=25.09

Raj Rayon Industries'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: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=2119.793 / ((0 + 314.649) / 1 )
=2119.793 / 314.649
=6.74

* 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.


Raj Rayon Industries  (NSE:RAJRILTD) 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.


Raj Rayon Industries Receivables Turnover Related Terms

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Raj Rayon Industries Business Description

Traded in Other Exchanges
Address
Veera Desai Road, off New Link Road, A/13 Agarwal Golden Chambers, 3rd Floor, Andheri West, Mumbai, MH, IND, 400053
Raj Rayon Industries Ltd is a company that is mainly involved in producing and distributing polyester chips, polyester yarn, and processed yarn. The company operates in a single segment, which is the manufacturing and marketing of synthetic textile yarns.

Raj Rayon Industries Headlines

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