JCT (BOM:500223) Receivables Turnover : 3.46 (As of Jun. 2023)

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What is JCT 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. JCT's Revenue for the three months ended in Jun. 2023 was ₹1,133 Mil. JCT's average Accounts Receivable for the three months ended in Jun. 2023 was ₹328 Mil. Hence, JCT's Receivables Turnover for the three months ended in Jun. 2023 was 3.46.

JCT Receivables Turnover Historical Data

The historical data trend for JCT'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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JCT Receivables Turnover Chart

JCT Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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15.68

19.22

16.71

13.63

12.84

JCT Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Receivables Turnover	Get a 7-Day Free Trial															3.27	3.39	3.00	2.20	3.46

Competitive Comparison of JCT's Receivables Turnover

For the Textile Manufacturing subindustry, JCT'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.

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

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

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

JCT Receivables Turnover Calculation

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

JCT'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 )
=	5940.906	/ (	(597.966	+	327.758)	/	2 )
=	5940.906	/	462.862
=	12.84

JCT's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	1132.7	/ (	(327.758	+	0)	/	1 )
=	1132.7	/	327.758
=	3.46

JCT (BOM:500223) 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.

JCT Receivables Turnover Related Terms

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JCT (BOM:500223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » JCT Ltd (BOM:500223) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

601, Prabhat Kiran, 17th Rajendra Place, New Delhi, IND, 110008

Website

https://www.jct.co.in

JCT Ltd is engaged in the manufacture of textiles and man-made fibers (nylon filament yarns). The company operates through two segments: Textiles and Filament yarn. The products considered as a part of the Textile segment are cloth and yarn and the products considered as a part of the Filament segment are nylon yarn and chips. The company generates maximum revenue from the Textile segment.

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