Olympia Industries (BOM:521105) Receivables Turnover : 1.94 (As of Dec. 2023)

View and export this data going back to 1994. Start your Free Trial

What is Olympia 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. Olympia Industries's Revenue for the three months ended in Dec. 2023 was ₹578 Mil. Olympia Industries's average Accounts Receivable for the three months ended in Dec. 2023 was ₹299 Mil. Hence, Olympia Industries's Receivables Turnover for the three months ended in Dec. 2023 was 1.94.

Olympia Industries Receivables Turnover Historical Data

The historical data trend for Olympia 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.

* Premium members only.

Olympia Industries Receivables Turnover Chart

Olympia Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

5.61

5.79

6.11

9.18

9.66

Olympia Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.31	1.48	1.27	1.38	1.94

Competitive Comparison of Olympia Industries's Receivables Turnover

For the Internet Retail subindustry, Olympia 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.

Olympia Industries's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Olympia Industries's Receivables Turnover distribution charts can be found below:

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

Olympia Industries Receivables Turnover Calculation

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

Olympia 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 )
=	3712.277	/ (	(477.147	+	291.541)	/	2 )
=	3712.277	/	384.344
=	9.66

Olympia Industries's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	578.473	/ (	(298.816	+	0)	/	1 )
=	578.473	/	298.816
=	1.94

Olympia Industries (BOM:521105) 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.

Olympia Industries Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Olympia Industries's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Olympia Industries (BOM:521105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Olympia Industries Ltd (BOM:521105) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

C-205, Synthofine Industrial Estate, Behind Virwani Industrial Estate, Goregaon (East), Mumbai, MH, IND, 400063

Website

https://www.olympiaindustriesltd.com

Olympia Industries Ltd is engaged in the areas of E-commerce, Brand Store Management, B2B e-commerce, B2C e-commerce, General Trade, and Morden Trade, the company has started engagements in D2C E-commerce as well. The company has achieved results in the existing categories like Baby Care, Domestic Appliances, Electronic, Gourmet, Health Care, Home and Kitchen Appliances, Luggage and Personal care appliances, pet products, etc. Further, the company has expanded its private-label brand "UMANAC". It has served products in a wide range of categories such as Personal Care Appliances, Gourmet, Dry Fruits and Berries, Dry sheets, and Health Care. The company operates under a single segment which is trading and a single geography which is India.

Olympia Industries (BOM:521105) Headlines

No Headlines