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Suumaya Industries (NSE:SUULD) Receivables Turnover : 0.89 (As of Dec. 2023)


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What is Suumaya Industries 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. Suumaya Industries's Revenue for the three months ended in Dec. 2023 was ₹11,143 Mil. Suumaya Industries's average Accounts Receivable for the three months ended in Dec. 2023 was ₹12,543 Mil. Hence, Suumaya Industries's Receivables Turnover for the three months ended in Dec. 2023 was 0.89.


Suumaya Industries Receivables Turnover Historical Data

The historical data trend for Suumaya Industries'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.

Suumaya Industries Receivables Turnover Chart

Suumaya Industries Annual Data
Trend Mar13 Mar14 Mar15 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.63 3.70 2.27 5.56 0.61

Suumaya Industries Quarterly Data
Mar18 Sep18 Mar19 Sep19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.10 0.02 0.01 0.02 0.89

Competitive Comparison of Suumaya Industries's Receivables Turnover

For the Apparel Retail subindustry, Suumaya Industries'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.


Suumaya Industries's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Suumaya Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Suumaya Industries's Receivables Turnover falls into.



Suumaya Industries Receivables Turnover Calculation

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

Suumaya Industries'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 )
=6634.7 / ((9184.1 + 12670.9) / 2 )
=6634.7 / 10927.5
=0.61

Suumaya Industries's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=11142.7 / ((12543.3 + 0) / 1 )
=11142.7 / 12543.3
=0.89

* 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.


Suumaya Industries  (NSE:SUULD) 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.


Suumaya Industries Receivables Turnover Related Terms

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Suumaya Industries (NSE:SUULD) Business Description

Traded in Other Exchanges
N/A
Address
Western Express Highway, Wing B, 20th Floor, Lotus Corporate Park, Goregaon East, Mumbai, MH, IND, 400063
Suumaya Industries Ltd is an India based company. The company's operating segment includes Textile; Retail and Agri produce. It generates maximum revenue from Agri produce segment. Agri produce segment business deals with a supply chain of various agri commodities such as wheat, rice, and dal.

Suumaya Industries (NSE:SUULD) Headlines

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