Jyothy Labs (BOM:532926) Receivables Turnover : 3.28 (As of Mar. 2024)

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What is Jyothy Labs 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. Jyothy Labs's Revenue for the three months ended in Mar. 2024 was ₹6,600 Mil. Jyothy Labs's average Accounts Receivable for the three months ended in Mar. 2024 was ₹2,014 Mil. Hence, Jyothy Labs's Receivables Turnover for the three months ended in Mar. 2024 was 3.28.

Jyothy Labs Receivables Turnover Historical Data

The historical data trend for Jyothy Labs'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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Jyothy Labs Receivables Turnover Chart

Jyothy Labs Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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12.40

17.61

18.49

17.70

16.26

Jyothy Labs 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															4.48	4.99	4.07	3.77	3.28

Competitive Comparison of Jyothy Labs's Receivables Turnover

For the Household & Personal Products subindustry, Jyothy Labs'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.

Jyothy Labs's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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

Jyothy Labs Receivables Turnover Calculation

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

Jyothy Labs'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 )
=	27569.3	/ (	(1378.15	+	2013.9)	/	2 )
=	27569.3	/	1696.025
=	16.26

Jyothy Labs'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 )
=	6599.9	/ (	(0	+	2013.9)	/	1 )
=	6599.9	/	2013.9
=	3.28

Jyothy Labs (BOM:532926) 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.

Jyothy Labs Receivables Turnover Related Terms

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Jyothy Labs (BOM:532926) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jyothy Labs Ltd (BOM:532926) » Definitions » Receivables Turnover

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JYOTHYLAB:India

Address

Ram Krishna Mandir Road, Ujala House, Kondivita, Andheri (East), Mumbai, MH, IND, 400 059

Website

https://www.jyothylaboratories.com

Jyothy Labs Ltd is an India-based company that is principally engaged in manufacturing and distributing fast-moving consumer goods, which are categorized into fabric care, dishwashing, household insecticide, and personal care. The company's products consist of fabric wash goods, dishwashing bars, beauty soap, household insecticide, incense sticks and scrubber, and other body care products, which jointly account for most of the company's total revenue. The company owns a number of brands, such as Jjala, Henko, Mr. White, Chek, Exo, Pril, Maxo, and Margo, and also offers laundry service. It focuses its business in the Indian market.

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