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Goodricke Group (BOM:500166) Receivables Turnover : 1.78 (As of Mar. 2024)


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What is Goodricke Group 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. Goodricke Group's Revenue for the three months ended in Mar. 2024 was ₹1,303 Mil. Goodricke Group's average Accounts Receivable for the three months ended in Mar. 2024 was ₹733 Mil. Hence, Goodricke Group's Receivables Turnover for the three months ended in Mar. 2024 was 1.78.


Goodricke Group Receivables Turnover Historical Data

The historical data trend for Goodricke Group'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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Goodricke Group Receivables Turnover Chart

Goodricke Group Annual Data
Trend Dec14 Dec15 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.67 15.55 14.64 14.83 11.81

Goodricke Group 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 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 1.51 2.50 2.36 2.81 1.78

Competitive Comparison of Goodricke Group's Receivables Turnover

For the Farm Products subindustry, Goodricke Group'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.


Goodricke Group's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Goodricke Group's Receivables Turnover falls into.



Goodricke Group Receivables Turnover Calculation

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

Goodricke Group'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 )
=8239.8 / ((662.04 + 732.9) / 2 )
=8239.8 / 697.47
=11.81

Goodricke Group'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 )
=1302.5 / ((0 + 732.9) / 1 )
=1302.5 / 732.9
=1.78

* 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.


Goodricke Group  (BOM:500166) 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.


Goodricke Group Receivables Turnover Related Terms

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Goodricke Group (BOM:500166) Business Description

Traded in Other Exchanges
N/A
Address
14 Gurusaday Road, Camellia House, Kolkata, WB, IND, 700 019
Goodricke Group Ltd is an Indian company engaged in the cultivating, manufacturing, and sale of tea in various forms. It operates in two segments: Export and Domestic. Its products include bulk teas and instant teas. It also owns tea gardens, which are located in Darjeeling, Assam, and Dooars. The firm generates majority revenue within India.

Goodricke Group (BOM:500166) Headlines

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