United Polyfab Gujarat (NSE:UNITEDPOLY) Receivables Turnover : 2.20 (As of Mar. 2024)

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What is United Polyfab Gujarat 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. United Polyfab Gujarat's Revenue for the three months ended in Mar. 2024 was ₹2,161 Mil. United Polyfab Gujarat's average Accounts Receivable for the three months ended in Mar. 2024 was ₹983 Mil. Hence, United Polyfab Gujarat's Receivables Turnover for the three months ended in Mar. 2024 was 2.20.

United Polyfab Gujarat Receivables Turnover Historical Data

The historical data trend for United Polyfab Gujarat'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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United Polyfab Gujarat Receivables Turnover Chart

United Polyfab Gujarat Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.82

4.23

9.79

8.35

10.70

United Polyfab Gujarat Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.52	2.95	3.07	3.09	2.20

Competitive Comparison of United Polyfab Gujarat's Receivables Turnover

For the Textile Manufacturing subindustry, United Polyfab Gujarat'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.

United Polyfab Gujarat's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where United Polyfab Gujarat's Receivables Turnover falls into.

United Polyfab Gujarat Receivables Turnover Calculation

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

United Polyfab Gujarat'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 )
=	9084.772	/ (	(714.073	+	983.27)	/	2 )
=	9084.772	/	848.6715
=	10.70

United Polyfab Gujarat'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 )
=	2160.951	/ (	(0	+	983.27)	/	1 )
=	2160.951	/	983.27
=	2.20

United Polyfab Gujarat (NSE:UNITEDPOLY) 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.

United Polyfab Gujarat Receivables Turnover Related Terms

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United Polyfab Gujarat (NSE:UNITEDPOLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » United Polyfab Gujarat Ltd (NSE:UNITEDPOLY) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Narol-Sarkhej Highway, Survey No. 238, 239, Shahwadi, Opposite New Aarvee Denim, Ahmedabad, GJ, IND, 382405

Website

https://www.upgl.in

United Polyfab Gujarat Ltd is an India-based company engaged in the business of trading and manufacturing of woven fabrics and yarn. The company also does the job work of manufacturing and weaving of grey denim, grey fabric, and grey cotton fabric. Its product portfolio comprises of products like Cotton yarn, Dyed fabric, Grey fabric, and Denim fabric. Majority of the revenue comes from the Indian market.

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