Supreme Industries (BOM:509930) Receivables Turnover : 5.78 (As of Mar. 2024)

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What is Supreme 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. Supreme Industries's Revenue for the three months ended in Mar. 2024 was ₹29,541 Mil. Supreme Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₹5,114 Mil. Hence, Supreme Industries's Receivables Turnover for the three months ended in Mar. 2024 was 5.78.

Supreme Industries Receivables Turnover Historical Data

The historical data trend for Supreme 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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Supreme Industries Receivables Turnover Chart

Supreme Industries Annual Data

Trend

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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15.61

17.93

18.05

19.05

20.08

Supreme Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															5.64	5.15	4.51	4.61	5.78

Competitive Comparison of Supreme Industries's Receivables Turnover

For the Building Products & Equipment subindustry, Supreme 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.

Supreme Industries's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Supreme Industries's Receivables Turnover distribution charts can be found below:

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

Supreme Industries Receivables Turnover Calculation

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

Supreme Industries'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 )
=	100805	/ (	(4923.8	+	5114.4)	/	2 )
=	100805	/	5019.1
=	20.08

Supreme Industries'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 )
=	29541.3	/ (	(0	+	5114.4)	/	1 )
=	29541.3	/	5114.4
=	5.78

Supreme Industries (BOM:509930) 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.

Supreme Industries Receivables Turnover Related Terms

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Supreme Industries (BOM:509930) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Supreme Industries Ltd (BOM:509930) » Definitions » Receivables Turnover

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SUPREMEIND:India

Address

167, Guru Hargovindji Marg, 1161 & 1162 Solitaire Corporate Park, Andheri Ghatkopar Link Road, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.supreme.co.in

Supreme Industries Ltd is an Indian plastic processor company. The company is engaged in the manufacturing of plastic products. The company operates in five segments namely Plastics piping systems, Consumer products, Industrial Products, Packaging Products and Other Products. The company has forayed into different types of plastic processing in Injection Moulding, Rotational Moulding (ROTO), Extrusion, Compression Moulding and Blow Moulding. The company mainly earns its revenue from the sale of plastic products.

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