Cool Caps Industries (NSE:COOLCAPS) Receivables Turnover : 3.17 (As of Mar. 2023)

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What is Cool Caps 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. Cool Caps Industries's Revenue for the three months ended in Mar. 2023 was ₹591 Mil. Cool Caps Industries's average Accounts Receivable for the three months ended in Mar. 2023 was ₹186 Mil. Hence, Cool Caps Industries's Receivables Turnover for the three months ended in Mar. 2023 was 3.17.

Cool Caps Industries Receivables Turnover Historical Data

The historical data trend for Cool Caps 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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Cool Caps Industries Receivables Turnover Chart

Cool Caps Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

4.64

5.48

4.23

4.95

11.91

Cool Caps Industries Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Receivables Turnover	Get a 7-Day Free Trial						1.48	2.31	1.94	3.17	3.17

Competitive Comparison of Cool Caps Industries's Receivables Turnover

For the Packaging & Containers subindustry, Cool Caps 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.

Cool Caps Industries's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Cool Caps Industries's Receivables Turnover distribution charts can be found below:

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

Cool Caps Industries Receivables Turnover Calculation

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

Cool Caps 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 )
=	1816.431	/ (	(118.593	+	186.338)	/	2 )
=	1816.431	/	152.4655
=	11.91

Cool Caps Industries's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	591.224	/ (	(0	+	186.338)	/	1 )
=	591.224	/	186.338
=	3.17

Cool Caps Industries (NSE:COOLCAPS) 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.

Cool Caps Industries Receivables Turnover Related Terms

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Cool Caps Industries (NSE:COOLCAPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Cool Caps Industries Ltd (NSE:COOLCAPS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

23, Sarat Bose Road, Annapurna Apartment, 1st Floor, Flat No. 1C, Kolkata, WB, IND, 700020

Website

https://www.coolcapsindustries.in

Cool Caps Industries Ltd is engaged in the business of manufacturing a range of plastic bottle caps and closures such as plastic soda bottle caps, plastic soft drink bottle caps, plastic mineral water bottle caps, and plastic juice bottle caps.

Cool Caps Industries (NSE:COOLCAPS) Headlines

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