Gillette India (NSE:GILLETTE) Receivables Turnover : 2.91 (As of Mar. 2024)

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What is Gillette 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. Gillette India's Revenue for the three months ended in Mar. 2024 was ₹6,807 Mil. Gillette India's average Accounts Receivable for the three months ended in Mar. 2024 was ₹2,340 Mil. Hence, Gillette India's Receivables Turnover for the three months ended in Mar. 2024 was 2.91.

Gillette India Receivables Turnover Historical Data

The historical data trend for Gillette 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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Gillette India Receivables Turnover Chart

Gillette India Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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10.38

9.00

10.34

9.70

8.44

Gillette India 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															2.16	1.93	2.09	2.73	2.91

Competitive Comparison of Gillette India's Receivables Turnover

For the Household & Personal Products subindustry, Gillette 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.

Gillette India's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Gillette India's Receivables Turnover distribution charts can be found below:

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

Gillette India Receivables Turnover Calculation

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

Gillette India'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 )
=	24770.5	/ (	(2670.1	+	3201.6)	/	2 )
=	24770.5	/	2935.85
=	8.44

Gillette India'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 )
=	6807.4	/ (	(2339.5	+	0)	/	1 )
=	6807.4	/	2339.5
=	2.91

Gillette India (NSE:GILLETTE) 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.

Gillette India Receivables Turnover Related Terms

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Gillette India (NSE:GILLETTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gillette India Ltd (NSE:GILLETTE) » Definitions » Receivables Turnover

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507815:India

Address

Cardinal Gracias Road, P&G Plaza, Chakala, Andheri (East), Mumbai, MH, IND, 400099

Website

https://in.pg.com

Gillette India Ltd is an Indian personal-care products company. The company manufactures and sells products in the grooming and shaving businesses. The company has two main categories: a pre- and post-shave category, and a razors, trimmers, and blades category. The pre- and post-shave category offers shaving creams, gels, foams, skincare products, and aftershaves. The razors, trimmers, and blades category offers trimmers, body razors, disposable razors, and manual and waterproof power razors. The company has two reportable segments: grooming segment and the oral care segment. The grooming segment is the key revenue generator. The company's products are sold through retailers such as mass merchandisers, grocery stores, and drugstores, as well as department stores.

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