Akshar Spintex (NSE:AKSHAR) Receivables Turnover : 9.57 (As of Mar. 2024)

Akshar Spintex Receivables Turnover Chart

Akshar Spintex Annual Data
	Trend	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Mar24
Receivables Turnover		Get a 7-Day Free Trial					22.82	28.67	82.58	20.59	20.39

Akshar Spintex Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.08	3.17	3.50	3.60	9.57

Competitive Comparison of Akshar Spintex's Receivables Turnover

For the Textile Manufacturing subindustry, Akshar Spintex'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.

Akshar Spintex's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Akshar Spintex's Receivables Turnover falls into.

Akshar Spintex Receivables Turnover Calculation

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

Akshar Spintex's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Akshar Spintex's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

* 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.

Akshar Spintex  (NSE:AKSHAR) 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.

Akshar Spintex Receivables Turnover Related Terms

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Akshar Spintex (NSE:AKSHAR) Business Description