Asian Star Co (BOM:531847) Receivables Turnover : 0.91 (As of Mar. 2024)

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What is Asian Star Co 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. Asian Star Co's Revenue for the three months ended in Mar. 2024 was ₹9,863 Mil. Asian Star Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₹10,866 Mil. Hence, Asian Star Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.91.

Asian Star Co Receivables Turnover Historical Data

The historical data trend for Asian Star Co'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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Asian Star Co Receivables Turnover Chart

Asian Star Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.26

3.45

4.77

4.27

3.30

Asian Star Co 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															1.03	0.88	0.86	0.65	0.91

Competitive Comparison of Asian Star Co's Receivables Turnover

For the Luxury Goods subindustry, Asian Star Co'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.

Asian Star Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Asian Star Co's Receivables Turnover falls into.

Asian Star Co Receivables Turnover Calculation

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

Asian Star Co'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 )
=	35232.959	/ (	(10493.666	+	10866.237)	/	2 )
=	35232.959	/	10679.9515
=	3.30

Asian Star Co'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 )
=	9863.396	/ (	(0	+	10866.237)	/	1 )
=	9863.396	/	10866.237
=	0.91

Asian Star Co (BOM:531847) 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.

Asian Star Co Receivables Turnover Related Terms

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Asian Star Co (BOM:531847) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Asian Star Co Ltd (BOM:531847) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

114 - C, Mittal Court, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.asianstargroup.com

Asian Star Co Ltd operates in the jewelry business. Their key product line includes Loose Polished, Diamond Jewellery, Diamond Jewellery Retailing, and Power. Geographically The company operates across the USA, Europe, Asia, and South-East Asia. The Company operates in two business segments namely Diamonds and Jewellery. It generates the maximum amount of revenue from the sales of Polished Diamonds. Their mode of sales is an offline channel and the company caters maximum to HNI customers.

Asian Star Co (BOM:531847) Headlines

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