Gokaldas Exports (BOM:532630) Receivables Turnover : 2.30 (As of Mar. 2024)

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What is Gokaldas Exports 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. Gokaldas Exports's Revenue for the three months ended in Mar. 2024 was ₹8,124 Mil. Gokaldas Exports's average Accounts Receivable for the three months ended in Mar. 2024 was ₹3,525 Mil. Hence, Gokaldas Exports's Receivables Turnover for the three months ended in Mar. 2024 was 2.30.

Gokaldas Exports Receivables Turnover Historical Data

The historical data trend for Gokaldas Exports'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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Gokaldas Exports Receivables Turnover Chart

Gokaldas Exports Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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8.40

7.08

13.16

19.49

9.74

Gokaldas Exports 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															3.85	3.79	6.65	7.33	2.30

Competitive Comparison of Gokaldas Exports's Receivables Turnover

For the Apparel Manufacturing subindustry, Gokaldas Exports'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.

Gokaldas Exports's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gokaldas Exports's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gokaldas Exports's Receivables Turnover falls into.

Gokaldas Exports Receivables Turnover Calculation

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

Gokaldas Exports'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 )
=	23788.847	/ (	(1358.268	+	3525.249)	/	2 )
=	23788.847	/	2441.7585
=	9.74

Gokaldas Exports'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 )
=	8124.187	/ (	(0	+	3525.249)	/	1 )
=	8124.187	/	3525.249
=	2.30

Gokaldas Exports (BOM:532630) 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.

Gokaldas Exports Receivables Turnover Related Terms

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Gokaldas Exports (BOM:532630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gokaldas Exports Ltd (BOM:532630) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GOKEX:India

Address

No. 25, Second Cross, Third Main, Industrial Suburb, Yeshwantpur, Bangalore, KA, IND, 560 022

Website

https://www.gokaldasexports.com

Gokaldas Exports Ltd is a manufacturer and exporter of apparel in India. Its principal business activities include the design, manufacture, and sale of a wide range of garments for men, women, and children and caters to the needs of several international fashion brands and retailers. The company mainly operates in two geographical areas - India and the rest of the world. Its principal source of revenue for the company is the export of garments and related products.

Gokaldas Exports (BOM:532630) Headlines

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