Vishwas Agri Seeds (NSE:VISHWAS) Receivables Turnover : 1.59 (As of Sep. 2023)

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What is Vishwas Agri Seeds 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. Vishwas Agri Seeds's Revenue for the six months ended in Sep. 2023 was ₹424.6 Mil. Vishwas Agri Seeds's average Accounts Receivable for the six months ended in Sep. 2023 was ₹266.3 Mil. Hence, Vishwas Agri Seeds's Receivables Turnover for the six months ended in Sep. 2023 was 1.59.

Vishwas Agri Seeds Receivables Turnover Historical Data

The historical data trend for Vishwas Agri Seeds'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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Vishwas Agri Seeds Receivables Turnover Chart

Vishwas Agri Seeds Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

7.07

7.11

4.34

Vishwas Agri Seeds Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Receivables Turnover	-	-	-	1.59

Competitive Comparison of Vishwas Agri Seeds's Receivables Turnover

For the Farm Products subindustry, Vishwas Agri Seeds'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.

Vishwas Agri Seeds's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Vishwas Agri Seeds's Receivables Turnover falls into.

Vishwas Agri Seeds Receivables Turnover Calculation

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

Vishwas Agri Seeds's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	653.073	/ (	(106.216	+	194.456)	/	2 )
=	653.073	/	150.336
=	4.34

Vishwas Agri Seeds's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	424.603	/ (	(194.456	+	338.057)	/	2 )
=	424.603	/	266.2565
=	1.59

Vishwas Agri Seeds (NSE:VISHWAS) 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.

Vishwas Agri Seeds Receivables Turnover Related Terms

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Vishwas Agri Seeds Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vishwas Agri Seeds Ltd (NSE:VISHWAS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gangad Road, Near Toll Tax, S. No. 460, Bhayla, Bavla, Ahmedabad, GJ, IND, 382220

Website

https://www.vishwasagriseeds.com

Vishwas Agri Seeds Ltd seeds processing company. It produced seeds for more than 40 different field crops, vegetables that portfolio includes crop seeds for Groundnut, Soyabin, Wheat, Cumin, Green Gram, Black Gram Research Hybrid seeds for Cotton, Castol, Pearl Millet, Maize, hybrid vegitable seeds Chilli, Tomato, Brinjal, Watermelon, Sweet Corn, cabbage, Onion, Coriander Seeds, Fenugreek, Mustard, Lucern, Carrot, etc.

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