Sahaj Fashions (NSE:SAHAJ) Receivables Turnover : 1.61 (As of Mar. 2024)

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What is Sahaj Fashions 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. Sahaj Fashions's Revenue for the six months ended in Mar. 2024 was ₹718 Mil. Sahaj Fashions's average Accounts Receivable for the six months ended in Mar. 2024 was ₹447 Mil. Hence, Sahaj Fashions's Receivables Turnover for the six months ended in Mar. 2024 was 1.61.

Sahaj Fashions Receivables Turnover Historical Data

The historical data trend for Sahaj Fashions'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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Sahaj Fashions Receivables Turnover Chart

Sahaj Fashions Annual Data

Trend

Mar23

Mar24

Receivables Turnover

3.08

2.96

Sahaj Fashions Semi-Annual Data
	Mar23	Sep23	Mar24
Receivables Turnover	-	1.28	1.61

Competitive Comparison of Sahaj Fashions's Receivables Turnover

For the Textile Manufacturing subindustry, Sahaj Fashions'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.

Sahaj Fashions's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Sahaj Fashions's Receivables Turnover falls into.

Sahaj Fashions Receivables Turnover Calculation

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

Sahaj Fashions'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 )
=	1251.795	/ (	(392.871	+	453.373)	/	2 )
=	1251.795	/	423.122
=	2.96

Sahaj Fashions'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	718.195	/ (	(440.204	+	453.373)	/	2 )
=	718.195	/	446.7885
=	1.61

Sahaj Fashions (NSE:SAHAJ) 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.

Sahaj Fashions Receivables Turnover Related Terms

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Sahaj Fashions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sahaj Fashions Ltd (NSE:SAHAJ) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Ajmer Road, Shree Bhawan, Madanganj, Kishangarh, RJ, IND, 305801

Website

https://www.sahajfashions.in

Sahaj Fashions Ltd is engaged in manufacturing of high standard fabric which is used for various purposes such as garments, home furnishings, and industrial applications, etc. It manufactures cotton suiting fabric and cotton shirting fabric apart from polyster based and cotton-polyster blended fabrics.

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