H P Cotton Textile Mills (BOM:502873) Receivables Turnover : 3.04 (As of Mar. 2024)

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What is H P Cotton Textile 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. H P Cotton Textile Mills's Revenue for the three months ended in Mar. 2024 was ₹190.8 Mil. H P Cotton Textile Mills's average Accounts Receivable for the three months ended in Mar. 2024 was ₹62.8 Mil. Hence, H P Cotton Textile Mills's Receivables Turnover for the three months ended in Mar. 2024 was 3.04.

H P Cotton Textile Mills Receivables Turnover Historical Data

The historical data trend for H P Cotton Textile 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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H P Cotton Textile Mills Receivables Turnover Chart

H P Cotton Textile Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

11.50

9.13

8.05

6.61

12.65

H P Cotton Textile Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.35	3.09	3.16	3.61	3.04

Competitive Comparison of H P Cotton Textile Mills's Receivables Turnover

For the Textile Manufacturing subindustry, H P Cotton Textile 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.

H P Cotton Textile Mills's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where H P Cotton Textile Mills's Receivables Turnover falls into.

H P Cotton Textile Mills Receivables Turnover Calculation

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

H P Cotton Textile Mills's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	935.6	/ (	(85.082	+	62.8)	/	2 )
=	935.6	/	73.941
=	12.65

H P Cotton Textile Mills's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	190.8	/ (	(0	+	62.8)	/	1 )
=	190.8	/	62.8
=	3.04

H P Cotton Textile Mills (BOM:502873) 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.

H P Cotton Textile Mills Receivables Turnover Related Terms

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H P Cotton Textile Mills (BOM:502873) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » H P Cotton Textile Mills Ltd (BOM:502873) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

1 & 2, Old Ishwar Nagar, Mathura Road, F (0), The Mira Corporate Suites, New Delhi, IND, 110065

Website

https://www.hpthreads.com

H P Cotton Textile Mills Ltd manufactures cotton yarns and threads and is an exporter of cotton specialty yarns and cotton sewing threads. It manufactures two types of threads namely sewing threads and hosiery yarn. Its product portfolio includes Crocheta Crochet Threads, Peecock Hand Knitting Yarn, Embroidery Threads, Lace Threads, Patchwork and Quilting, Kite Flying Thread, Cotton Sewing Threads, and Mercerized Cotton RFD Threads. Geographically, the company generates sales from India as well as outside India. It generates a vast majority of the revenues from sewing thread products from outside India.

H P Cotton Textile Mills (BOM:502873) Headlines

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