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Shreyans Industries (NSE:SHREYANIND) Receivables Turnover : 4.43 (As of Sep. 2024)


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What is Shreyans 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. Shreyans Industries's Revenue for the three months ended in Sep. 2024 was ₹1,325 Mil. Shreyans Industries's average Accounts Receivable for the three months ended in Sep. 2024 was ₹299 Mil. Hence, Shreyans Industries's Receivables Turnover for the three months ended in Sep. 2024 was 4.43.


Shreyans Industries Receivables Turnover Historical Data

The historical data trend for Shreyans 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.

Shreyans Industries Receivables Turnover Chart

Shreyans 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 16.15 13.59 20.03 25.11 21.16

Shreyans 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 6.10 6.15 5.71 4.62 4.43

Competitive Comparison of Shreyans Industries's Receivables Turnover

For the Paper & Paper Products subindustry, Shreyans 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.


Shreyans Industries's Receivables Turnover Distribution in the Forest Products Industry

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

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



Shreyans Industries Receivables Turnover Calculation

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

Shreyans 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 )
=6990.644 / ((367.291 + 293.374) / 2 )
=6990.644 / 330.3325
=21.16

Shreyans 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 )
=1324.711 / ((0 + 299.195) / 1 )
=1324.711 / 299.195
=4.43

* 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.


Shreyans Industries  (NSE:SHREYANIND) 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.


Shreyans Industries Receivables Turnover Related Terms

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Shreyans Industries Business Description

Traded in Other Exchanges
Address
Chandigarh Road, P.O. Sahabana, Village Bholapur, Ludhiana, PB, IND, 141123
Shreyans Industries Ltd is engaged in the manufacturing of writing and printing paper from Agricultural residues. Its products include papers of different categories such as Watermark Maplitho Paper, Rishabh Colour Printing, Shreyans Primera Copier, and Shreyans Super Print among others. The company operates in a single segment and has a business presence in India and outside India, of which key revenue is derived from India.

Shreyans Industries Headlines

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