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Simbhaoli Sugars (NSE:SIMBHALS) Receivables Turnover : 7.13 (As of Mar. 2024)


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What is Simbhaoli 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. Simbhaoli Sugars's Revenue for the three months ended in Mar. 2024 was ₹3,479 Mil. Simbhaoli Sugars's average Accounts Receivable for the three months ended in Mar. 2024 was ₹488 Mil. Hence, Simbhaoli Sugars's Receivables Turnover for the three months ended in Mar. 2024 was 7.13.


Simbhaoli Sugars Receivables Turnover Historical Data

The historical data trend for Simbhaoli 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.

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Simbhaoli Sugars Receivables Turnover Chart

Simbhaoli 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 8.47 14.10 15.44 18.53 20.44

Simbhaoli Sugars Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.57 4.02 5.44 6.42 7.13

Competitive Comparison of Simbhaoli Sugars's Receivables Turnover

For the Confectioners subindustry, Simbhaoli 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.


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

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

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



Simbhaoli Sugars Receivables Turnover Calculation

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

Simbhaoli 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 )
=11804.78 / ((666.735 + 488.327) / 2 )
=11804.78 / 577.531
=20.44

Simbhaoli Sugars'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: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=3479.46 / ((0 + 488.327) / 1 )
=3479.46 / 488.327
=7.13

* 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.


Simbhaoli Sugars  (NSE:SIMBHALS) 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.


Simbhaoli Sugars Receivables Turnover Related Terms

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Simbhaoli Sugars (NSE:SIMBHALS) Business Description

Traded in Other Exchanges
Address
A-112, Sector 63, Noida, UP, IND, 201307
Simbhaoli Sugars Ltd is a technology-driven company engaged in the business of manufacturing refined sugar, specialty sugars, extra neutral alcohol, ethanol, sanitizer, and bio-manure. It is also engaged in the generation of power. The company operates through two segments, namely, Sugar and Alcohol, with the majority of the revenue being generated from the Sugar segment. Its product portfolio includes a variety of sugar such as Sulphurless Sugar, Superfine Suger, Icing Sugar, White Sugar Cubes, Classic Mishri, Classic Sugar Sachet, Brown Mineral Sugar, Coffee Sugar, Jaggery, Jaggery Powder, etc.

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