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Kohinoor Textile Mills (KAR:KTML) Receivables Turnover : 2.95 (As of Mar. 2024)


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What is Kohinoor Textile Mills 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. Kohinoor Textile Mills's Revenue for the three months ended in Mar. 2024 was ₨30,864 Mil. Kohinoor Textile Mills's average Accounts Receivable for the three months ended in Mar. 2024 was ₨10,478 Mil. Hence, Kohinoor Textile Mills's Receivables Turnover for the three months ended in Mar. 2024 was 2.95.


Kohinoor Textile Mills Receivables Turnover Historical Data

The historical data trend for Kohinoor Textile Mills'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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Kohinoor Textile Mills Receivables Turnover Chart

Kohinoor Textile Mills Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.08 10.55 12.63 15.40 15.41

Kohinoor Textile Mills 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 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 3.96 3.95 3.94 3.26 2.95

Competitive Comparison of Kohinoor Textile Mills's Receivables Turnover

For the Textile Manufacturing subindustry, Kohinoor Textile Mills'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.


Kohinoor Textile Mills's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Kohinoor Textile Mills's Receivables Turnover falls into.



Kohinoor Textile Mills Receivables Turnover Calculation

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

Kohinoor Textile Mills's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=104119.672 / ((6480.2 + 7031.871) / 2 )
=104119.672 / 6756.0355
=15.41

Kohinoor Textile Mills'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 )
=30863.771 / ((10674.021 + 10282.458) / 2 )
=30863.771 / 10478.2395
=2.95

* 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.


Kohinoor Textile Mills  (KAR:KTML) 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.


Kohinoor Textile Mills Receivables Turnover Related Terms

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Kohinoor Textile Mills (KAR:KTML) Business Description

Traded in Other Exchanges
N/A
Address
42-Lawrence Road, Lahore, PB, PAK, 54000
Kohinoor Textile Mills Ltd is a company engaged in the manufacturing of yarn and cloth, processing and stitching the cloth, and trade of textile products. It operates through six divisions which comprise Spinning, Weaving, Processing and Home Textile. It is engaged in the production of yarns from natural and artificial fibers and greige fabrics for the manufacture of printed and dyed fabrics and home textile articles. The company generates maximum revenue from the Spinning segment.

Kohinoor Textile Mills (KAR:KTML) Headlines

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