Shiva Mills (BOM:540961) Receivables Turnover : 2.04 (As of Dec. 2023)

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What is Shiva Mills 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. Shiva Mills's Revenue for the three months ended in Dec. 2023 was ₹354 Mil. Shiva Mills's average Accounts Receivable for the three months ended in Dec. 2023 was ₹173 Mil. Hence, Shiva Mills's Receivables Turnover for the three months ended in Dec. 2023 was 2.04.

Shiva Mills Receivables Turnover Historical Data

The historical data trend for Shiva Mills'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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Shiva Mills Receivables Turnover Chart

Shiva Mills Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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7.50

6.13

7.45

16.42

10.76

Shiva Mills 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															3.11	2.60	2.32	2.43	2.04

Competitive Comparison of Shiva Mills's Receivables Turnover

For the Textile Manufacturing subindustry, Shiva Mills'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.

Shiva Mills's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Shiva Mills's Receivables Turnover falls into.

Shiva Mills Receivables Turnover Calculation

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

Shiva Mills'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 )
=	1584.602	/ (	(152.38	+	142.16)	/	2 )
=	1584.602	/	147.27
=	10.76

Shiva Mills'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 )
=	354.375	/ (	(173.428	+	0)	/	1 )
=	354.375	/	173.428
=	2.04

Shiva Mills (BOM:540961) 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.

Shiva Mills Receivables Turnover Related Terms

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Shiva Mills (BOM:540961) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shiva Mills Ltd (BOM:540961) » Definitions » Receivables Turnover

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SHIVAMILLS:India

Address

249-A, Bye-Pass Road Mettupalayam Road, Coimbatore, TN, IND, 641043

Website

http://www.shivamills.com

Shiva Mills Ltd is a textile manufacturing company. Its products include cotton yarn, grey fabric, and others. The company operates into a single segment which is Textiles. The company sells its products in the Indian market as well as internationally, but the majority of its revenues are derived from India.

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