Jet Airways (India) (BOM:532617) Receivables Turnover : 7.12 (As of Jun. 2023)

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What is Jet Airways (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. Jet Airways (India)'s Revenue for the three months ended in Jun. 2023 was ₹375.7 Mil. Jet Airways (India)'s average Accounts Receivable for the three months ended in Jun. 2023 was ₹52.8 Mil. Hence, Jet Airways (India)'s Receivables Turnover for the three months ended in Jun. 2023 was 7.12.

Jet Airways (India) Receivables Turnover Historical Data

The historical data trend for Jet Airways (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.

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Jet Airways (India) Receivables Turnover Chart

Jet Airways (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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27.18

1.56

2.08

9.15

10.48

Jet Airways (India) Quarterly Data
	Mar17	Mar18	Sep18	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Receivables Turnover	Get a 7-Day Free Trial															2.98	2.55	2.53	2.34	7.12

Competitive Comparison of Jet Airways (India)'s Receivables Turnover

For the Airlines subindustry, Jet Airways (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.

Jet Airways (India)'s Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jet Airways (India)'s Receivables Turnover distribution charts can be found below:

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

Jet Airways (India) Receivables Turnover Calculation

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

Jet Airways (India)'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 )
=	497.2	/ (	(42.1	+	52.8)	/	2 )
=	497.2	/	47.45
=	10.48

Jet Airways (India)'s Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	375.7	/ (	(52.8	+	0)	/	1 )
=	375.7	/	52.8
=	7.12

Jet Airways (India) (BOM:532617) 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.

Jet Airways (India) Receivables Turnover Related Terms

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Jet Airways (India) (BOM:532617) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jet Airways (India) Ltd (BOM:532617) » Definitions » Receivables Turnover

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JETAIRWAYS:India

Address

252, LBS Marg, Global One, 3rd Floor, Kurla (West), Mumbai, MH, IND, 400070

Website

https://www.jetairways.com

Jet Airways (India) Ltd is an international airline operating out of India. The company principal activities include carriage of passengers and cargo in Domestic and International sectors. Passenger tickets may be purchased on its website and through mobile applications. It has arrangements with multiple international airlines to expand global destinations and increase access for customers. Additionally, multiple partnerships with hotels, dining and others allow customers to make accommodations for an entire trip. Geographically, it derives a majority of revenue from India.

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