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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. Zenith Exports's Revenue for the
three
months ended in Mar. 2026 was ₹131.0 Mil. Zenith Exports's average Accounts Receivable for the
three
months ended in Mar. 2026 was ₹153.2 Mil.
Hence, Zenith Exports's Receivables Turnover for the
three
months ended in Mar. 2026 was 0.86.
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.
Zenith Exports Receivables Turnover Related Terms
Zenith Exports Receivables Turnover Historical Data
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The historical data trend for Zenith Exports'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.
For the Textile Manufacturing subindustry, Zenith Exports'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.
Zenith Exports Receivables Turnover vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zenith Exports's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Zenith Exports's Receivables Turnover falls into.
* 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.
Zenith Exports (NSE:ZENITHEXPO) has a Receivables Turnover of 0.86 as of Mar. 2026. The accounts 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. View historical data on Zenith Exports and its competitors. According to the industry distribution chart, Zenith Exports ranks #837 out of 1033 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 81%.
Is Zenith Exports' Receivables Turnover too high?
Zenith Exports' current Receivables Turnover is 0.86. The Manufacturing - Apparel & Accessories industry median Receivables Turnover is 6.88. Zenith Exports' value of 0.86 is 87.5% below this industry median. Based on the distribution chart, Zenith Exports ranks #837 out of 1033 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Zenith Exports has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zenith Exports' Receivables Turnover compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Zenith Exports ranks #837 out of 1033 companies for Receivables Turnover. This places Zenith Exports in the lower half of its industry. The industry median Receivables Turnover is 6.88. Zenith Exports' value of 0.86 is 87.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Manufacturing - Apparel & Accessories company?
The median Receivables Turnover among Manufacturing - Apparel & Accessories companies is 6.88, based on 1,033 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zenith Exports's current Receivables Turnover of 0.86 is 87.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Zenith Exports and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Receivables Turnover is 6.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zenith Exports's current Receivables Turnover is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zenith Exports stock overvalued right now?
Based on GuruFocus' analysis, Zenith Exports (NSE:ZENITHEXPO) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹191.96, compared to a current price of ₹216.51 — trading 12.8% above its estimated fair value. The current Receivables Turnover is 0.86 and 87.5% below the Manufacturing - Apparel & Accessories industry median of 6.88. Zenith Exports' overall GF Score™ is 72/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Zenith Exports (NSE:ZENITHEXPO), the current Receivables Turnover is 0.86 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Zenith Exports (NSE:ZENITHEXPO) Overvalued in 2026?
Based on GuruFocus' analysis, Zenith Exports stock appears to be overvalued.
The current stock price of ₹216.51 is trading 12.8% above its estimated GF Value™ of ₹191.96.
GuruFocus considers Zenith Exports to be Modestly Overvalued.
Key valuation signals for NSE:ZENITHEXPO:
Receivables Turnover: 0.86
GF Value™: ₹191.96 vs. price of ₹216.51 (12.8% above fair value)
Industry Position: 87.5% below the Manufacturing - Apparel & Accessories median (#837 of 1033)
No single metric tells the full story. See the NSE:ZENITHEXPO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zenith Exports Ltd is an India-based company engaged in the business of Leather Goods & Textile Fabrics. Its segment includes Silk Fabrics & Made-ups, Silk Fabrics & Made-ups, Yarns, and Weavings Silk Fabrics. It generates the majority of its revenue from the Industrial Leather H/Gloves & Made-ups. Geographically, it derives the majority of its revenue from Outside India.
72GF Score
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