AB Cotspin India (NSE:ABCOTS) Receivables Turnover : 5.95 (As of Sep. 2023)

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What is AB Cotspin India 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. AB Cotspin India's Revenue for the six months ended in Sep. 2023 was ₹1,110 Mil. AB Cotspin India's average Accounts Receivable for the six months ended in Sep. 2023 was ₹187 Mil. Hence, AB Cotspin India's Receivables Turnover for the six months ended in Sep. 2023 was 5.95.

AB Cotspin India Receivables Turnover Historical Data

The historical data trend for AB Cotspin India'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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AB Cotspin India Receivables Turnover Chart

AB Cotspin India Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

12.82

10.18

14.13

18.31

15.64

AB Cotspin India Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			15.93	3.05	9.56	9.49	5.95

Competitive Comparison of AB Cotspin India's Receivables Turnover

For the Textile Manufacturing subindustry, AB Cotspin India'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.

AB Cotspin India's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where AB Cotspin India's Receivables Turnover falls into.

AB Cotspin India Receivables Turnover Calculation

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

AB Cotspin India'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 )
=	1681.125	/ (	(80.4	+	134.611)	/	2 )
=	1681.125	/	107.5055
=	15.64

AB Cotspin India's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	1110.153	/ (	(134.611	+	238.414)	/	2 )
=	1110.153	/	186.5125
=	5.95

AB Cotspin India (NSE:ABCOTS) 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.

AB Cotspin India Receivables Turnover Related Terms

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AB Cotspin India (NSE:ABCOTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » AB Cotspin India Ltd (NSE:ABCOTS) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Goniana Road, NH-54, Near lake-3, Bathinda, PB, IND, 151001

Website

https://www.abcotspin.com

AB Cotspin India Ltd has one segment of activity namely Cotton Ginning. Revenue is generated from the sale of products. The company is engaged in manufacturing cotton yarns & fabrics both combed and karded, knitted fabric, cottonseed oil and oilcake catering to the requirements of niche customers who in turn are engaged in making garments for their international buyers.

AB Cotspin India (NSE:ABCOTS) Headlines

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