GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Safari Industries (India) Ltd (BOM:523025) » Definitions » Receivables Turnover

Safari Industries (India) (BOM:523025) Receivables Turnover : 2.21 (As of Mar. 2024)


View and export this data going back to 2001. Start your Free Trial

What is Safari Industries (India) 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. Safari Industries (India)'s Revenue for the three months ended in Mar. 2024 was ₹3,654 Mil. Safari Industries (India)'s average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,654 Mil. Hence, Safari Industries (India)'s Receivables Turnover for the three months ended in Mar. 2024 was 2.21.


Safari Industries (India) Receivables Turnover Historical Data

The historical data trend for Safari Industries (India)'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.

Safari Industries (India) Receivables Turnover Chart

Safari Industries (India) 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 4.76 2.75 6.86 8.54 9.26

Safari Industries (India) 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 1.79 2.52 1.37 1.44 2.21

Competitive Comparison of Safari Industries (India)'s Receivables Turnover

For the Footwear & Accessories subindustry, Safari Industries (India)'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.


Safari Industries (India)'s Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Safari Industries (India)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Safari Industries (India)'s Receivables Turnover falls into.



Safari Industries (India) Receivables Turnover Calculation

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

Safari Industries (India)'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 )
=15504.2 / ((1693.374 + 1654.1) / 2 )
=15504.2 / 1673.737
=9.26

Safari Industries (India)'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 )
=3654.2 / ((0 + 1654.1) / 1 )
=3654.2 / 1654.1
=2.21

* 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.


Safari Industries (India)  (BOM:523025) 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.


Safari Industries (India) Receivables Turnover Related Terms

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


Safari Industries (India) (BOM:523025) Business Description

Traded in Other Exchanges
Address
A/2, MV Road, 302-303, A Wing, The Qube, CTS No. 1498, Marol, Andheri (East), Mumbai, MH, IND, 400059
Safari Industries (India) Ltd is an India-based company primarily engaged in the manufacturing and marketing of luggage and luggage accessories. It offers Hard luggage cases, Soft luggage cases, and Backpacks. The company's product range includes Laptop bags, Backpacks, Suitcase, Four and two-wheel trolleys, Duffle bags, and Rolling duffle bags, among others.

Safari Industries (India) (BOM:523025) Headlines

No Headlines