Chothani Foods (BOM:540681) Receivables Turnover : 0.57 (As of Sep. 2023)

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What is Chothani Foods 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. Chothani Foods's Revenue for the six months ended in Sep. 2023 was ₹37.38 Mil. Chothani Foods's average Accounts Receivable for the six months ended in Sep. 2023 was ₹65.05 Mil. Hence, Chothani Foods's Receivables Turnover for the six months ended in Sep. 2023 was 0.57.

Chothani Foods Receivables Turnover Historical Data

The historical data trend for Chothani Foods'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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Chothani Foods Receivables Turnover Chart

Chothani Foods Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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1.68

1.12

0.97

1.65

1.42

Chothani Foods Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial												0.81	0.89	0.64	0.83	0.57

Competitive Comparison of Chothani Foods's Receivables Turnover

For the Packaged Foods subindustry, Chothani Foods'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.

Chothani Foods's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Chothani Foods's Receivables Turnover falls into.

Chothani Foods Receivables Turnover Calculation

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

Chothani Foods'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 )
=	82.02	/ (	(50.377	+	64.838)	/	2 )
=	82.02	/	57.6075
=	1.42

Chothani Foods'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 )
=	37.381	/ (	(64.838	+	65.27)	/	2 )
=	37.381	/	65.054
=	0.57

Chothani Foods (BOM:540681) 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.

Chothani Foods Receivables Turnover Related Terms

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Chothani Foods (BOM:540681) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chothani Foods Ltd (BOM:540681) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Office No. 408, B Wing, Dhamji Shamji Corporate Square, Laxmi Nagar, Ghatkopar East, Mumbai, MH, IND, 400075

Website

https://www.chothanifoodslimited.com

Chothani Foods Ltd is engaged in manufacturing and supplying different types of spices. The company has two brands "APPU MASALA" and "GAYATRI MASALA". With more than 30 types of Spices and Masalas like Pav Bhaji Masala, Chaat Masala, Tea Masala, Garam Masala, Sambhar Masala, Punjabi Chole Masala, Biryani and Pulav Masala, Kitchen King Masala and various Powders like Red Chilli Powder, Jeera Powder, White Pepper Powder, Turmeric Powder, etc.

Chothani Foods (BOM:540681) Headlines

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