Foce India (NSE:SMFOCE) Receivables Turnover : 0.27 (As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Foce India 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. Foce India's Revenue for the six months ended in Sep. 2023 was ₹52.6 Mil. Foce India's average Accounts Receivable for the six months ended in Sep. 2023 was ₹194.5 Mil. Hence, Foce India's Receivables Turnover for the six months ended in Sep. 2023 was 0.27.

Foce India Receivables Turnover Historical Data

The historical data trend for Foce India'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.

Foce India Receivables Turnover Chart

Foce India Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

6.58

5.65

3.66

7.00

3.77

Foce India Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			3.15	4.03	0.66	6.06	0.27

Competitive Comparison of Foce India's Receivables Turnover

For the Luxury Goods subindustry, Foce India'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.

Foce India's Receivables Turnover Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Foce India's Receivables Turnover falls into.

Foce India Receivables Turnover Calculation

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

Foce India's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	577.076	/ (	(212.288	+	93.578)	/	2 )
=	577.076	/	152.933
=	3.77

Foce India's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	52.611	/ (	(93.578	+	295.398)	/	2 )
=	52.611	/	194.488
=	0.27

Foce India (NSE:SMFOCE) 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.

Foce India Receivables Turnover Related Terms

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

Foce India (NSE:SMFOCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Foce India Ltd (NSE:SMFOCE) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

4, Kingstone, Shastri Nagar, Lokhandwala Complex, Andheri (West), Mumbai, MH, IND, 400053

Website

https://foceindia.com

Foce India Ltd is engaged in the business of supply, distribution, and retailing of various types of wristwatches such as Analog, Digital, Chronograph, Designer and others. The company geographically operates within India.

Foce India (NSE:SMFOCE) Headlines

No Headlines