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Rana Sugars (NSE:RANASUG) Receivables Turnover : 3.32 (As of Jun. 2024)


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What is Rana Sugars 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. Rana Sugars's Revenue for the three months ended in Jun. 2024 was ₹4,620 Mil. Rana Sugars's average Accounts Receivable for the three months ended in Jun. 2024 was ₹1,391 Mil. Hence, Rana Sugars's Receivables Turnover for the three months ended in Jun. 2024 was 3.32.


Rana Sugars Receivables Turnover Historical Data

The historical data trend for Rana Sugars'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.

Rana Sugars Receivables Turnover Chart

Rana Sugars 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 9.33 8.51 11.19 13.70 11.83

Rana Sugars 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 3.90 2.46 2.44 2.90 3.32

Competitive Comparison of Rana Sugars's Receivables Turnover

For the Confectioners subindustry, Rana Sugars'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.


Rana Sugars's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Rana Sugars's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Rana Sugars's Receivables Turnover falls into.



Rana Sugars Receivables Turnover Calculation

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

Rana Sugars'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 )
=15807.76 / ((1280.375 + 1391.113) / 2 )
=15807.76 / 1335.744
=11.83

Rana Sugars'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 )
=4620.392 / ((1391.113 + 0) / 1 )
=4620.392 / 1391.113
=3.32

* 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.


Rana Sugars  (NSE:RANASUG) 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.


Rana Sugars Receivables Turnover Related Terms

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Rana Sugars Business Description

Traded in Other Exchanges
Address
SCO 49-50, Madhya Marg, Sector 8-C, Chandigarh, IND, 160009
Rana Sugars Ltd is a sugar manufacturing company. Its segments include Sugar Manufacturing, Ethanol Manufacturing, and Power Generation. The Sugar Manufacturing segment acts as a core revenue driver for the firm which involves the manufacturing and selling of sugar, molasses, and bagasse. The company offers Double Refined White Sulphurless Sugar, Plantation White Sugar, Raw Sugar, and Sugar from Sugar Beet. Geographically, it operates in India.

Rana Sugars Headlines

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