Mafia Trends (BOM:543613) Receivables Turnover : 37.72 (As of Mar. 2024)

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What is Mafia Trends 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. Mafia Trends's Revenue for the six months ended in Mar. 2024 was ₹66.31 Mil. Mafia Trends's average Accounts Receivable for the six months ended in Mar. 2024 was ₹1.76 Mil. Hence, Mafia Trends's Receivables Turnover for the six months ended in Mar. 2024 was 37.72.

Mafia Trends Receivables Turnover Historical Data

The historical data trend for Mafia Trends'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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Mafia Trends Receivables Turnover Chart

Mafia Trends Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

10.86

3.69

11.42

30.24

37.72

Mafia Trends Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Receivables Turnover	10.86	3.69	11.42	30.24	37.72

Competitive Comparison of Mafia Trends's Receivables Turnover

For the Apparel Retail subindustry, Mafia Trends'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.

Mafia Trends's Receivables Turnover Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Mafia Trends's Receivables Turnover falls into.

Mafia Trends Receivables Turnover Calculation

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

Mafia Trends'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 )
=	66.306	/ (	(1.803	+	1.713)	/	2 )
=	66.306	/	1.758
=	37.72

Mafia Trends'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: Mar. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	66.306	/ (	(1.803	+	1.713)	/	2 )
=	66.306	/	1.758
=	37.72

Mafia Trends (BOM:543613) 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.

Mafia Trends Receivables Turnover Related Terms

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Mafia Trends (BOM:543613) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mafia Trends Ltd (BOM:543613) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sandesh Press Road, 1, Prabhu Kutir Complex, Vastrapur, Ahmedabad, GJ, IND, 380 015

Website

http://www.mafiastores.com

Mafia Trends Ltd is engaged in the business of marketing and selling Men's fashion which includes apparel such as Jeans, Tshirts, Shirts, Chinos, Formal trousers and Formal shirts. The Company is engaged solely into the business of trading of apparels and readymade garments which is their only reportable segment.

Mafia Trends (BOM:543613) Headlines

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