TBI Corn (NSE:TBI) Receivables Turnover : 1.82 (As of Mar. 2024)

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What is TBI Corn 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. TBI Corn's Revenue for the three months ended in Mar. 2024 was ₹571.9 Mil. TBI Corn's average Accounts Receivable for the three months ended in Mar. 2024 was ₹315.0 Mil. Hence, TBI Corn's Receivables Turnover for the three months ended in Mar. 2024 was 1.82.

TBI Corn Receivables Turnover Historical Data

The historical data trend for TBI Corn'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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TBI Corn Receivables Turnover Chart

TBI Corn Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

12.98

14.21

7.69

6.09

TBI Corn Quarterly Data
	Mar21	Mar22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			-	-	-	1.16	1.82

Competitive Comparison of TBI Corn's Receivables Turnover

For the Farm Products subindustry, TBI Corn'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.

TBI Corn's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where TBI Corn's Receivables Turnover falls into.

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TBI Corn Receivables Turnover Calculation

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

TBI Corn'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 )
=	1582.348	/ (	(210.614	+	309.014)	/	2 )
=	1582.348	/	259.814
=	6.09

TBI Corn'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 )
=	571.886	/ (	(321.009	+	309.014)	/	2 )
=	571.886	/	315.0115
=	1.82

TBI Corn (NSE:TBI) 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.

TBI Corn Receivables Turnover Related Terms

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TBI Corn Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » TBI Corn Ltd (NSE:TBI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

A5/3 & A5/4, MIDC, Miraj, Taluka - Miraj, District - Sangli, Sangli, MH, IND, 416410

Website

https://www.tbicorn.com

TBI Corn Ltd is a manufacturer in the corn grits industry. It offers a diverse varieties of products, including cleaned and fat-free Corn Grits/Meal, Corn Flakes, Stone-free Broken Maize & Corn Flour, and Turmeric Finger, all manufactured without chemical additives or preservatives and GMO-free. The company products have a presence, including UAE, Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, Yemen, Jordan, Israel, Liberia, Sri Lanka, Malaysia, Brunei, Vietnam, and South Korea, and plans to venture into Europe and the USA. Key revenue is generated from Dubai.