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Brand Concepts (NSE:BCONCEPTS) Receivables Turnover : 1.19 (As of Mar. 2024)


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What is Brand Concepts 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. Brand Concepts's Revenue for the three months ended in Mar. 2024 was ₹581 Mil. Brand Concepts's average Accounts Receivable for the three months ended in Mar. 2024 was ₹489 Mil. Hence, Brand Concepts's Receivables Turnover for the three months ended in Mar. 2024 was 1.19.


Brand Concepts Receivables Turnover Historical Data

The historical data trend for Brand Concepts'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.

Brand Concepts Receivables Turnover Chart

Brand Concepts Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.62 1.13 2.68 5.26 6.20

Brand Concepts Quarterly Data
Mar18 Sep18 Mar19 Sep19 Mar20 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 1.30 1.81 1.21 1.15 1.19

Competitive Comparison of Brand Concepts's Receivables Turnover

For the Footwear & Accessories subindustry, Brand Concepts'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.


Brand Concepts's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Brand Concepts's Receivables Turnover falls into.



Brand Concepts Receivables Turnover Calculation

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

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

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=2506.222 / ((320.042 + 488.773) / 2 )
=2506.222 / 404.4075
=6.20

Brand Concepts'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 )
=581.132 / ((0 + 488.773) / 1 )
=581.132 / 488.773
=1.19

* 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.


Brand Concepts  (NSE:BCONCEPTS) 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.


Brand Concepts Receivables Turnover Related Terms

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Brand Concepts (NSE:BCONCEPTS) Business Description

Traded in Other Exchanges
Address
140/2/2, Ring Road Square, Musakhedi, Indore, MP, IND, 452001
Brand Concepts Ltd is an Indian company engaged in Trading of Travel Bags and accessories. It offers products such as luggage trolleys, backpacks, small leather goods like belts, clutches, and wallets for both men and women, women's handbags, and lifestyle accessories. The company sells its products through Myntra Jabong India Pvt. Ltd. and Shoppers Stop Ltd. The company has one reportable segment i.e. "Trading of Travel Bags and Accessories".

Brand Concepts (NSE:BCONCEPTS) Headlines

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