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Sawaca Business Machines (BOM:531893) Receivables Turnover : 16.81 (As of Mar. 2024)


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What is Sawaca Business Machines 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. Sawaca Business Machines's Revenue for the three months ended in Mar. 2024 was ₹60.34 Mil. Sawaca Business Machines's average Accounts Receivable for the three months ended in Mar. 2024 was ₹3.59 Mil. Hence, Sawaca Business Machines's Receivables Turnover for the three months ended in Mar. 2024 was 16.81.


Sawaca Business Machines Receivables Turnover Historical Data

The historical data trend for Sawaca Business Machines'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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Sawaca Business Machines Receivables Turnover Chart

Sawaca Business Machines 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 3.56 12.17 1.73 1.40 10.87

Sawaca Business Machines 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 0.57 0.25 0.23 - 16.81

Competitive Comparison of Sawaca Business Machines's Receivables Turnover

For the Specialty Chemicals subindustry, Sawaca Business Machines'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.


Sawaca Business Machines's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sawaca Business Machines's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sawaca Business Machines's Receivables Turnover falls into.



Sawaca Business Machines Receivables Turnover Calculation

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

Sawaca Business Machines'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 )
=65.442 / ((8.456 + 3.59) / 2 )
=65.442 / 6.023
=10.87

Sawaca Business Machines'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 )
=60.336 / ((0 + 3.59) / 1 )
=60.336 / 3.59
=16.81

* 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.


Sawaca Business Machines  (BOM:531893) 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.


Sawaca Business Machines Receivables Turnover Related Terms

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Sawaca Business Machines (BOM:531893) Business Description

Traded in Other Exchanges
N/A
Address
Ashram Road, 45, Chinubhai Towers, Opposite Handloom House, Ahmedabad, GJ, IND, 380009
Sawaca Business Machines Ltd is mainly engaged in the trading of perfumery chemicals. The company operates in the business of Trading. The main products for Trading include Various Perfumery Chemicals.

Sawaca Business Machines (BOM:531893) Headlines

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