Shreyans Industries (BOM:516016) Receivables Turnover : 6.15 (As of Dec. 2023)

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What is Shreyans Industries 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. Shreyans Industries's Revenue for the three months ended in Dec. 2023 was ₹1,726 Mil. Shreyans Industries's average Accounts Receivable for the three months ended in Dec. 2023 was ₹281 Mil. Hence, Shreyans Industries's Receivables Turnover for the three months ended in Dec. 2023 was 6.15.

Shreyans Industries Receivables Turnover Historical Data

The historical data trend for Shreyans Industries'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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Shreyans Industries Receivables Turnover Chart

Shreyans Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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14.56

16.15

13.59

20.03

25.11

Shreyans Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															6.06	6.19	5.11	6.10	6.15

Competitive Comparison of Shreyans Industries's Receivables Turnover

For the Paper & Paper Products subindustry, Shreyans Industries'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.

Shreyans Industries's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shreyans Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shreyans Industries's Receivables Turnover falls into.

Shreyans Industries Receivables Turnover Calculation

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

Shreyans Industries'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 )
=	8654.706	/ (	(321.941	+	367.291)	/	2 )
=	8654.706	/	344.616
=	25.11

Shreyans Industries's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1726.456	/ (	(280.865	+	0)	/	1 )
=	1726.456	/	280.865
=	6.15

Shreyans Industries (BOM:516016) 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.

Shreyans Industries Receivables Turnover Related Terms

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Shreyans Industries (BOM:516016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shreyans Industries Ltd (BOM:516016) » Definitions » Receivables Turnover

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SHREYANIND:India

Address

Chandigarh Road, P.O. Sahabana, Village Bholapur, Ludhiana, PB, IND, 141123

Website

https://www.shreyansgroup.com

Shreyans Industries Ltd is engaged in the manufacturing of writing and printing paper from Agricultural residues. The group has a business presence in India and Outside India, of which key revenue is derived from India. the Company's business activity falls within a single operating segment, namely manufacturing of Writing and Printing Paper The firm generates the majority of its revenue from the paper segment. the company has two products namely Shreyan's paper product and Shree Rishabh's paper product.

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