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Hindustan Foods (BOM:519126) Receivables Turnover : 4.16 (As of Mar. 2024)


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What is Hindustan Foods 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. Hindustan Foods's Revenue for the three months ended in Mar. 2024 was ₹7,310 Mil. Hindustan Foods's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,758 Mil. Hence, Hindustan Foods's Receivables Turnover for the three months ended in Mar. 2024 was 4.16.


Hindustan Foods Receivables Turnover Historical Data

The historical data trend for Hindustan Foods'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.

* Premium members only.

Hindustan Foods Receivables Turnover Chart

Hindustan Foods Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.18 32.14 33.35 29.41 19.66

Hindustan Foods 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.31 5.93 6.32 6.83 4.16

Competitive Comparison of Hindustan Foods's Receivables Turnover

For the Packaged Foods subindustry, Hindustan Foods'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.


Hindustan Foods's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hindustan Foods's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hindustan Foods's Receivables Turnover falls into.



Hindustan Foods Receivables Turnover Calculation

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

Hindustan Foods'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 )
=27547.125 / ((1044.858 + 1757.74) / 2 )
=27547.125 / 1401.299
=19.66

Hindustan Foods'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 )
=7309.634 / ((0 + 1757.74) / 1 )
=7309.634 / 1757.74
=4.16

* 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.


Hindustan Foods  (BOM:519126) 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.


Hindustan Foods Receivables Turnover Related Terms

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Hindustan Foods (BOM:519126) Business Description

Traded in Other Exchanges
Address
15, Lal Bahadur Shastri Road, Office No. 03, Level 2, Centrium, Phoenix Market City, Kurla (West), Mumbai, MH, IND, 400 070
Hindustan Foods Ltd is an India-based company that is engaged in manufacturing nutritional food products such as cereal-based food products and a range of instant mixes, baby foods, instant porridges, breakfast cereals and health drinks. The company focuses on delivering several variants of porridge such as natural, chocolate, lite, diabetes care and ragi rich under the brand name of Bonny Mix. Its operating segment includes Contract manufacturing and other business for manufacturing and sale under its own Brand name. The company generates maximum revenue from the Contract manufacturing segment. Geographically the company generates the majority of its revenue from India.

Hindustan Foods (BOM:519126) Headlines

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