United Spirits (BOM:532432) Receivables Turnover : 1.13 (As of Dec. 2023)

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What is United Spirits 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. United Spirits's Revenue for the three months ended in Dec. 2023 was ₹30,021 Mil. United Spirits's average Accounts Receivable for the three months ended in Dec. 2023 was ₹26,523 Mil. Hence, United Spirits's Receivables Turnover for the three months ended in Dec. 2023 was 1.13.

United Spirits Receivables Turnover Historical Data

The historical data trend for United Spirits'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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United Spirits Receivables Turnover Chart

United Spirits Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.54

3.84

3.62

4.23

4.39

United Spirits 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															1.29	1.00	1.10	1.08	1.13

Competitive Comparison of United Spirits's Receivables Turnover

For the Beverages - Wineries & Distilleries subindustry, United Spirits'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.

United Spirits's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, United Spirits's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where United Spirits's Receivables Turnover falls into.

United Spirits Receivables Turnover Calculation

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

United Spirits'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 )
=	105542	/ (	(23736	+	24340)	/	2 )
=	105542	/	24038
=	4.39

United Spirits'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 )
=	30021	/ (	(26523	+	0)	/	1 )
=	30021	/	26523
=	1.13

United Spirits (BOM:532432) 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.

United Spirits Receivables Turnover Related Terms

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United Spirits (BOM:532432) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » United Spirits Ltd (BOM:532432) » Definitions » Receivables Turnover

Traded in Other Exchanges

MCDOWELL-N:India

Address

No. 24, Vittal Mallya Road, UB Tower, Bengaluru, KA, IND, 560 001

Website

https://www.diageoindia.com

United Spirits Ltd manufactures and sells spirits, beer, wine, and other alcoholic beverages. The Company is engaged in the business of manufacture, purchase and sale of beverage alcohol and other allied spirits, including through tie-up manufacturing units and through strategic franchising of some of its brands. Its brand portfolio consists of McDowell's No.1, Royal Challenge, Black Dog, Signature, Antiquity, Director's Special Black, McDowell's Rum, McDowell's Brandy, Bagpiper, Old Tavern, and Haywards among others. Geographically, the firm generates a majority of its revenue from India.

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