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Shree Rama Newsprint (NSE:RAMANEWS) Receivables Turnover : 2.94 (As of Jun. 2024)


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What is Shree Rama Newsprint 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. Shree Rama Newsprint's Revenue for the three months ended in Jun. 2024 was ₹113.7 Mil. Shree Rama Newsprint's average Accounts Receivable for the three months ended in Jun. 2024 was ₹38.7 Mil. Hence, Shree Rama Newsprint's Receivables Turnover for the three months ended in Jun. 2024 was 2.94.


Shree Rama Newsprint Receivables Turnover Historical Data

The historical data trend for Shree Rama Newsprint'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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Shree Rama Newsprint Receivables Turnover Chart

Shree Rama Newsprint 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 10.94 8.86 1.21 2.85 7.70

Shree Rama Newsprint Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.42 1.98 2.90 3.24 2.94

Competitive Comparison of Shree Rama Newsprint's Receivables Turnover

For the Paper & Paper Products subindustry, Shree Rama Newsprint'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.


Shree Rama Newsprint's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shree Rama Newsprint's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shree Rama Newsprint's Receivables Turnover falls into.



Shree Rama Newsprint Receivables Turnover Calculation

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

Shree Rama Newsprint'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 )
=465.699 / ((82.257 + 38.668) / 2 )
=465.699 / 60.4625
=7.70

Shree Rama Newsprint's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=113.737 / ((38.668 + 0) / 1 )
=113.737 / 38.668
=2.94

* 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.


Shree Rama Newsprint  (NSE:RAMANEWS) 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.


Shree Rama Newsprint Receivables Turnover Related Terms

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Shree Rama Newsprint Business Description

Traded in Other Exchanges
Address
Ambli - Bopal Road, 10, Abhishree Corporate Park, Ambli, Near Swagat Bunglows BRTS Bus Stand, Ahmedabad, GJ, IND, 380 058
Shree Rama Newsprint Ltd is engaged in manufacturing and dealing in Newsprint, Writing, and Printing Paper. Its operating segment includes Paper and Packaged Water Bottle. The company generates maximum revenue from Paper segment.

Shree Rama Newsprint Headlines

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