Veekayem Fashion & Apparels (NSE:VEEKAYEM) Receivables Turnover : 4.40 (As of Mar. 2024)

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What is Veekayem Fashion & Apparels 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. Veekayem Fashion & Apparels's Revenue for the six months ended in Mar. 2024 was ₹2,429 Mil. Veekayem Fashion & Apparels's average Accounts Receivable for the six months ended in Mar. 2024 was ₹552 Mil. Hence, Veekayem Fashion & Apparels's Receivables Turnover for the six months ended in Mar. 2024 was 4.40.

Veekayem Fashion & Apparels Receivables Turnover Historical Data

The historical data trend for Veekayem Fashion & Apparels'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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Veekayem Fashion & Apparels Receivables Turnover Chart

Veekayem Fashion & Apparels Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

5.63

2.14

4.26

5.49

4.40

Veekayem Fashion & Apparels Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Receivables Turnover	5.63	2.14	4.26	5.49	4.40

Competitive Comparison of Veekayem Fashion & Apparels's Receivables Turnover

For the Textile Manufacturing subindustry, Veekayem Fashion & Apparels'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.

Veekayem Fashion & Apparels's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Veekayem Fashion & Apparels's Receivables Turnover falls into.

Veekayem Fashion & Apparels Receivables Turnover Calculation

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

Veekayem Fashion & Apparels'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 )
=	2429.015	/ (	(486.067	+	617.702)	/	2 )
=	2429.015	/	551.8845
=	4.40

Veekayem Fashion & Apparels'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 )
=	2429.015	/ (	(486.067	+	617.702)	/	2 )
=	2429.015	/	551.8845
=	4.40

Veekayem Fashion & Apparels (NSE:VEEKAYEM) 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.

Veekayem Fashion & Apparels Receivables Turnover Related Terms

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Veekayem Fashion & Apparels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Veekayem Fashion & Apparels Ltd (NSE:VEEKAYEM) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Walbhat Road, Gala No. 113, Udyog Bhavan, Sharma Industrial Estate, Near Nirlon Compound, Goregaon East, Mumbai, MH, IND, 400063

Website

https://www.vkmgroups.com

Veekayem Fashion & Apparels Ltd is engaged in the business of weaving and garment manufacturing. The company deals in products like Shirting fabrics, Suiting Fabrics, Trouser fabrics, jacketing fabrics, format trousers, cotton trousers and other accessories. The extensive product portfolio includes 100% Cotton - Lycra and Non-Lycra, Giza, Supima, Blended Cotton Suiting - Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed, Polyester Viscose, Terry Rayon Suiting and Mock Linen. The Company operates in three segments: Men's wear; Kids Wear and Accessories.

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