Rockingdeals Circular Economy (NSE:ROCKINGDCE) Receivables Turnover : 12.23 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Rockingdeals Circular Economy 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. Rockingdeals Circular Economy's Revenue for the six months ended in Mar. 2024 was ₹495.6 Mil. Rockingdeals Circular Economy's average Accounts Receivable for the six months ended in Mar. 2024 was ₹40.5 Mil. Hence, Rockingdeals Circular Economy's Receivables Turnover for the six months ended in Mar. 2024 was 12.23.

Rockingdeals Circular Economy Receivables Turnover Historical Data

The historical data trend for Rockingdeals Circular Economy'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.

Rockingdeals Circular Economy Receivables Turnover Chart

Rockingdeals Circular Economy Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

2.54

3.88

5.27

12.23

Rockingdeals Circular Economy Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Receivables Turnover	2.54	3.88	5.27	12.23

Competitive Comparison of Rockingdeals Circular Economy's Receivables Turnover

For the Department Stores subindustry, Rockingdeals Circular Economy'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.

Rockingdeals Circular Economy's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Rockingdeals Circular Economy's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Rockingdeals Circular Economy's Receivables Turnover falls into.

Save Embed

;

Save Embed

;

Rockingdeals Circular Economy Receivables Turnover Calculation

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

Rockingdeals Circular Economy'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 )
=	495.612	/ (	(22.23	+	58.831)	/	2 )
=	495.612	/	40.5305
=	12.23

Rockingdeals Circular Economy's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	495.612	/ (	(22.23	+	58.831)	/	2 )
=	495.612	/	40.5305
=	12.23

Rockingdeals Circular Economy (NSE:ROCKINGDCE) 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.

Rockingdeals Circular Economy Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Rockingdeals Circular Economy's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Rockingdeals Circular Economy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Rockingdeals Circular Economy Ltd (NSE:ROCKINGDCE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mile Stone, 12/3, NH 44, Mathura Road, Sector 37, Near Sarai Metro Station, Sarai Khawaja Village, Faridabad, HR, IND, 121003

Website

https://www.rockingdeals.in

Rockingdeals Circular Economy Ltd is engaged in bulk trading of excess inventory, open-boxed inventory, re-commerce products and refurbished products. These products range in several categories such as small home appliances, apparel, kitchenware and household, speaker & mobile accessories, large appliances, footwear, etc. These products are generally of various brands such as Samsung, Thomson, MI, LG, symphony, ZARA, Nike, Reebok, Campus, Sony, JBL, Boat, Gizmore, One Plus, etc.

Rockingdeals Circular Economy Headlines

No Headlines