Lorenzini Apparels (BOM:540952) Receivables Turnover

: 2.35 (As of Sep. 2023)

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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. Lorenzini Apparels's Revenue for the six months ended in Sep. 2023 was ₹321.1 Mil. Lorenzini Apparels's average Accounts Receivable for the six months ended in Sep. 2023 was ₹136.7 Mil. Hence, Lorenzini Apparels's Receivables Turnover for the six months ended in Sep. 2023 was 2.35.

Lorenzini Apparels Receivables Turnover Historical Data

The historical data trend for Lorenzini Apparels'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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Lorenzini Apparels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

7.57

6.25

4.20

4.63

6.37

Lorenzini Apparels Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover													1.25	3.69	3.11	2.61	2.35

Competitive Comparison

For the Apparel Manufacturing subindustry, Lorenzini Apparels'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.

Lorenzini Apparels Receivables Turnover Distribution

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

* The bar in red indicates where Lorenzini Apparels's Receivables Turnover falls into.

Lorenzini Apparels Receivables Turnover Calculation

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

Lorenzini Apparels'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 )
=	437.566	/ (	(51.004	+	86.277)	/	2 )
=	437.566	/	68.6405
=	6.37

Lorenzini Apparels'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 )
=	321.142	/ (	(86.277	+	187.094)	/	2 )
=	321.142	/	136.6855
=	2.35

Lorenzini Apparels (BOM:540952) 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.

Lorenzini Apparels Receivables Turnover Related Terms

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Lorenzini Apparels (BOM:540952) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lorenzini Apparels Ltd (BOM:540952) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

LAL:India

Address

C-64, Okhla Industrial Area Phase - I, New Delhi, Delhi, IND, 110020

Website

https://www.mymonteil.com

Lorenzini Apparels Ltd is engaged in the business of manufacturing, designing, and marketing ready-made garments in India. The company offers formal, semi-formal, and casual wear for men and women casual wear under the brand names Monteil and Munero Monteil, and Calgari. Its products include jeans, shirts, jackets, t-shirts, trousers, sweatshirts, sweaters, blazers, waistcoats, shorts, and capris. In addition, the company also outsources the garments manufacturing on a work basis from third-party contractors.

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