Page Industries (BOM:532827) Receivables Turnover : 7.99 (As of Dec. 2023)

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What is Page 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. Page Industries's Revenue for the three months ended in Dec. 2023 was ₹12,288 Mil. Page Industries's average Accounts Receivable for the three months ended in Dec. 2023 was ₹1,537 Mil. Hence, Page Industries's Receivables Turnover for the three months ended in Dec. 2023 was 7.99.

Page Industries Receivables Turnover Historical Data

The historical data trend for Page 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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Page Industries Receivables Turnover Chart

Page Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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20.66

29.29

26.27

24.65

29.98

Page 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															5.84	6.25	8.49	7.32	7.99

Competitive Comparison of Page Industries's Receivables Turnover

For the Apparel Manufacturing subindustry, Page 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.

Page Industries's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Page Industries Receivables Turnover Calculation

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

Page 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 )
=	46636.99	/ (	(1650.79	+	1460.67)	/	2 )
=	46636.99	/	1555.73
=	29.98

Page 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 )
=	12287.691	/ (	(1537.013	+	0)	/	1 )
=	12287.691	/	1537.013
=	7.99

Page Industries (BOM:532827) 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.

Page Industries Receivables Turnover Related Terms

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Page Industries (BOM:532827) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Page Industries Ltd (BOM:532827) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PAGEIND:India

Address

Outer Ring Road, Umiya Business Bay, 7th Floor, Tower-1, Cessna Business Park, Kadubeesanahalli, Varthur Hobli, Bangalore, KA, IND, 560103

Website

https://www.pageind.com

Page Industries Ltd is the exclusive licensee for the manufacture, marketing, and distribution of Jockey- and Speedo-branded apparel in India. The company also has the rights to Jockey in Sri Lanka, Bangladesh, Nepal, and the United Arab Emirates. Sales of innerwear and leisurewear products contribute Most of the company's revenue. Swimwear and other items make up the remaining revenue. The company sells its products through exclusive brand stores, some of which are run by franchisees, large-format stores, multibrand stores, and its e-commerce channel. Most of the company's sales are in India.

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