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Jerash Holdings (US) (Jerash Holdings (US)) Receivables Turnover : 4.02 (As of Dec. 2023)


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What is Jerash Holdings (US) 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. Jerash Holdings (US)'s Revenue for the three months ended in Dec. 2023 was $27.5 Mil. Jerash Holdings (US)'s average Accounts Receivable for the three months ended in Dec. 2023 was $6.8 Mil. Hence, Jerash Holdings (US)'s Receivables Turnover for the three months ended in Dec. 2023 was 4.02.


Jerash Holdings (US) Receivables Turnover Historical Data

The historical data trend for Jerash Holdings (US)'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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Jerash Holdings (US) Receivables Turnover Chart

Jerash Holdings (US) Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 18.24 19.89 10.39 12.42 20.64

Jerash Holdings (US) 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.99 6.04 7.95 5.75 4.02

Competitive Comparison of Jerash Holdings (US)'s Receivables Turnover

For the Apparel Manufacturing subindustry, Jerash Holdings (US)'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.


Jerash Holdings (US)'s Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Jerash Holdings (US)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jerash Holdings (US)'s Receivables Turnover falls into.



Jerash Holdings (US) Receivables Turnover Calculation

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

Jerash Holdings (US)'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 )
=138.063 / ((11.049 + 2.328) / 2 )
=138.063 / 6.6885
=20.64

Jerash Holdings (US)'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 )
=27.52 / ((5.202 + 8.473) / 2 )
=27.52 / 6.8375
=4.02

* 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.


Jerash Holdings (US)  (NAS:JRSH) 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.


Jerash Holdings (US) Receivables Turnover Related Terms

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Jerash Holdings (US) (Jerash Holdings (US)) Business Description

Traded in Other Exchanges
N/A
Address
277 Fairfield Road, Suite 338, Fairfield, NJ, USA, 07004
Jerash Holdings (US) Inc along with its subsidiaries is a manufacturer and exporter of customized, ready-made sport and outerwear from knitted fabric from its production facilities in Jordan. The company manufactures for retailers namely Walmart, Costco, Sears, Hanes, Columbia, Land's End, VF Corporation, and Philip-Van Heusen which owns brands such as The North Face, Nautica, Timberland, Wrangler, Lee, Jansport, Calvin Klein, Tommy Hilfiger, IZOD, Speedo etc. It derives its revenue from the manufacturing and sales of outerwear in the United States. The company's product offering consists of jackets, polo shirts, crew neck shirts, pants and shorts made from knitted fabric.
Executives
Chi Yan Mak director 147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Kian Tjiauw Lee 10 percent owner 147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Lin Hung Choi director, 10 percent owner, officer: Chairman/CEO/Pres./Treasurer 147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Yang Wei director, officer: Vice President and Secretary 147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Tsze Lun Ng 10 percent owner 147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Bill Korn director 61 DARREN DRIVE, BASKING RIDGE NJ 07920
Ibrahim H. Saif director 1 ZOHD STREET, RAWABI PROVINCE SWEIFIEH, AMMAN M2 11185
Gilbert K. Lee officer: Chief Financial Officer 260 EAST MAIN STREET, SUITE 2706, ROCHESTER NY 14604
Gary J. Haseley director C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Karl Brenza officer: Head of U.S. Operations 26 CHERRY STREET, KATONAH NY 10536
Richard J. Shaw officer: Chief Financial Officer 147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Sean Socha director 147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001

Jerash Holdings (US) (Jerash Holdings (US)) Headlines