Swaraj Suiting (NSE:SWARAJ) Receivables Turnover : 1.99 (As of Sep. 2024)

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What is Swaraj Suiting 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. Swaraj Suiting's Revenue for the six months ended in Sep. 2024 was ₹1,615 Mil. Swaraj Suiting's average Accounts Receivable for the six months ended in Sep. 2024 was ₹813 Mil. Hence, Swaraj Suiting's Receivables Turnover for the six months ended in Sep. 2024 was 1.99.

Swaraj Suiting Receivables Turnover Historical Data

The historical data trend for Swaraj Suiting'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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Swaraj Suiting Receivables Turnover Chart

Swaraj Suiting Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.04

4.47

9.46

6.20

5.20

Swaraj Suiting Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial					2.18	4.16	2.52	2.67	1.99

Competitive Comparison of Swaraj Suiting's Receivables Turnover

For the Textile Manufacturing subindustry, Swaraj Suiting'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.

Swaraj Suiting's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Swaraj Suiting's Receivables Turnover falls into.

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Swaraj Suiting Receivables Turnover Calculation

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

Swaraj Suiting'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 )
=	3195.884	/ (	(566.505	+	662.466)	/	2 )
=	3195.884	/	614.4855
=	5.20

Swaraj Suiting'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: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	1615.075	/ (	(662.466	+	964.499)	/	2 )
=	1615.075	/	813.4825
=	1.99

Swaraj Suiting (NSE:SWARAJ) 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.

Swaraj Suiting Receivables Turnover Related Terms

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Swaraj Suiting Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Swaraj Suiting Ltd (NSE:SWARAJ) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

RIICO Growth Centre, F-483 To F-487, Hamirgarh, Bhilwara, RJ, IND, 311025

Website

https://www.swarajsuiting.com

Swaraj Suiting Ltd is mainly engaged into the textile industry. It operates under various verticals namely manufacturing of denim, grey fabric, weaving on a Job Work basis, trading of the finished fabric and grey fabric and yarn. The company's business segment is manufacturing of denim/synthetic/cotton fabric. It generates the majority of its revenue from Finish Fabrics.

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