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M K Proteins (BOM:543919) Receivables Turnover : 13.80 (As of Mar. 2023)


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What is M K Proteins 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. M K Proteins's Revenue for the three months ended in Mar. 2023 was ₹3,149 Mil. M K Proteins's average Accounts Receivable for the three months ended in Mar. 2023 was ₹228 Mil. Hence, M K Proteins's Receivables Turnover for the three months ended in Mar. 2023 was 13.80.


M K Proteins Receivables Turnover Historical Data

The historical data trend for M K Proteins'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.

* Premium members only.

M K Proteins Receivables Turnover Chart

M K Proteins Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.16 19.07 20.63 10.26 13.80

M K Proteins Quarterly Data
Mar13 Mar14 Mar15 Mar16 Mar17 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.16 19.07 20.63 10.26 13.80

Competitive Comparison of M K Proteins's Receivables Turnover

For the Packaged Foods subindustry, M K Proteins'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.


M K Proteins's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, M K Proteins's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where M K Proteins's Receivables Turnover falls into.



M K Proteins Receivables Turnover Calculation

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

M K Proteins'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 )
=3148.6 / ((292.089 + 164.068) / 2 )
=3148.6 / 228.0785
=13.80

M K Proteins's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

Receivables Turnover (Q: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2023 ) / ((Accounts Receivable (Q: Mar. 2022 ) + Accounts Receivable (Q: Mar. 2023 )) / count )
=3148.6 / ((292.089 + 164.068) / 2 )
=3148.6 / 228.0785
=13.80

* 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.


M K Proteins  (BOM:543919) 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.


M K Proteins Receivables Turnover Related Terms

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M K Proteins (BOM:543919) Business Description

Traded in Other Exchanges
Address
Naraingarh Road, Village Garnala, Ambala, HR, IND, 134003
M K Proteins Ltd is engaged in the manufacturing and trading of vegetable refined oil and by-products like Rice Bran Fatty, Wax, Gums, and Spent among others. The company is also engaged in trading of various products including Rice Bran Oil and other items.

M K Proteins (BOM:543919) Headlines

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