Utssav CZ Gold Jewels (NSE:UTSSAV) Receivables Turnover : 7.70 (As of Mar. 2024)

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What is Utssav CZ Gold Jewels 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. Utssav CZ Gold Jewels's Revenue for the six months ended in Mar. 2024 was ₹3,402 Mil. Utssav CZ Gold Jewels's average Accounts Receivable for the six months ended in Mar. 2024 was ₹442 Mil. Hence, Utssav CZ Gold Jewels's Receivables Turnover for the six months ended in Mar. 2024 was 7.70.

Utssav CZ Gold Jewels Receivables Turnover Historical Data

The historical data trend for Utssav CZ Gold Jewels'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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Utssav CZ Gold Jewels Receivables Turnover Chart

Utssav CZ Gold Jewels Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

5.60

5.58

8.78

7.70

Utssav CZ Gold Jewels Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Receivables Turnover	5.60	5.58	8.78	7.70

Competitive Comparison of Utssav CZ Gold Jewels's Receivables Turnover

For the Luxury Goods subindustry, Utssav CZ Gold Jewels'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.

Utssav CZ Gold Jewels's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Utssav CZ Gold Jewels's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Utssav CZ Gold Jewels's Receivables Turnover falls into.

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Utssav CZ Gold Jewels Receivables Turnover Calculation

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

Utssav CZ Gold Jewels'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 )
=	3401.956	/ (	(315.567	+	568.125)	/	2 )
=	3401.956	/	441.846
=	7.70

Utssav CZ Gold Jewels'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: Mar. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	3401.956	/ (	(315.567	+	568.125)	/	2 )
=	3401.956	/	441.846
=	7.70

Utssav CZ Gold Jewels (NSE:UTSSAV) 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.

Utssav CZ Gold Jewels Receivables Turnover Related Terms

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Utssav CZ Gold Jewels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Utssav CZ Gold Jewels Ltd (NSE:UTSSAV) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Mahakali Caves Road, Plot No. 4 and 5, 2nd Floor, Hitech Plaza, Giriraj Industrial Estate, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.utssavjewels.com

Utssav CZ Gold Jewels Ltd is in the business of designing, manufacturing, wholesaling and exporting of 18Karat 20Karat and 22Karat CZ Gold jewellery. The Company specializes in the lightweight production of cubic zirconia (CZ) gold and rose gold casting jewellery. It manufactures and offers a wide collection of products such as Rings, Earrings, Pendants, Bracelets Necklaces, Watches, and Broaches, etc.

Utssav CZ Gold Jewels Headlines

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