Shubham Polyspin (BOM:542019) Receivables Turnover : 2.86 (As of Mar. 2025)

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What is Shubham Polyspin 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. Shubham Polyspin's Revenue for the three months ended in Mar. 2025 was ₹130.2 Mil. Shubham Polyspin's average Accounts Receivable for the three months ended in Mar. 2025 was ₹45.5 Mil. Hence, Shubham Polyspin's Receivables Turnover for the three months ended in Mar. 2025 was 2.86.

Shubham Polyspin Receivables Turnover Historical Data

The historical data trend for Shubham Polyspin'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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Shubham Polyspin Receivables Turnover Chart

Shubham Polyspin Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Receivables Turnover

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6.46

7.31

6.23

7.53

9.30

Shubham Polyspin Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															1.98	1.68	2.04	2.00	2.86

Competitive Comparison of Shubham Polyspin's Receivables Turnover

For the Textile Manufacturing subindustry, Shubham Polyspin'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.

Shubham Polyspin's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Shubham Polyspin's Receivables Turnover falls into.

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Shubham Polyspin Receivables Turnover Calculation

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

Shubham Polyspin's Receivables Turnover for the fiscal year that ended in Mar. 2025 is calculated as

	Receivables Turnover (A: Mar. 2025 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Mar. 2025 )	/ (	(Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Mar. 2025 ))	/	count )
=	525.071	/ (	(67.323	+	45.548)	/	2 )
=	525.071	/	56.4355
=	9.30

Shubham Polyspin's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	130.179	/ (	(0	+	45.548)	/	1 )
=	130.179	/	45.548
=	2.86

Shubham Polyspin (BOM:542019) 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.

Shubham Polyspin Receivables Turnover Related Terms

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Shubham Polyspin Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shubham Polyspin Ltd (BOM:542019) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Jetpura - Basantpura Road, Block No. 748, Saket Industrial Estate, Near Kaneria Oil Mill, Village Borisana, Taluka Kadi, Mahesana, GJ, IND, 382728

Website

https://www.shubhampolyspin.com

Shubham Polyspin Ltd is an India based textile company. The company is engaged in the manufacturing of Multifilament yarns. Its products offerings include Polypropylene multifilament yarn (twisted and air intermingled yarn), Shubhlon bag closing threads, and PP webbings and narrow woven fabrics. The company operates in India and sells products under the brand name Shubhlon. It operates in India as well as Outside India.

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