Shangar Decor (BOM:540259) Receivables Turnover : 0.19 (As of Dec. 2023)

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What is Shangar Decor 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. Shangar Decor's Revenue for the three months ended in Dec. 2023 was ₹13.74 Mil. Shangar Decor's average Accounts Receivable for the three months ended in Dec. 2023 was ₹71.98 Mil. Hence, Shangar Decor's Receivables Turnover for the three months ended in Dec. 2023 was 0.19.

Shangar Decor Receivables Turnover Historical Data

The historical data trend for Shangar Decor'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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Shangar Decor Receivables Turnover Chart

Shangar Decor Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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1.19

1.37

0.62

1.04

1.50

Shangar Decor Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.66	0.41	0.16	0.16	0.19

Competitive Comparison of Shangar Decor's Receivables Turnover

For the Specialty Business Services subindustry, Shangar Decor'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.

Shangar Decor's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Shangar Decor's Receivables Turnover distribution charts can be found below:

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

Shangar Decor Receivables Turnover Calculation

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

Shangar Decor'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 )
=	96.554	/ (	(61.863	+	67.098)	/	2 )
=	96.554	/	64.4805
=	1.50

Shangar Decor'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 )
=	13.735	/ (	(71.983	+	0)	/	1 )
=	13.735	/	71.983
=	0.19

Shangar Decor (BOM:540259) 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.

Shangar Decor Receivables Turnover Related Terms

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Shangar Decor (BOM:540259) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shangar Decor Ltd (BOM:540259) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

44, Sharad Flats, Opposite Dharnidhar Temple, Behind Sales India, Paldi, Ahmedabad, GJ, IND, 380007

Website

https://www.shangardecor.com

Shangar Decor Ltd is a company engaged in the provision of decoration business. Its services include theme wedding decor, pre-wedding decor, corporate events decor, religious events decor, and catering services. The Company is primarily engaged in single segment which is Event Management. The company derives revenue from activities being mandap keeping, decoration contracts and turnkey projects in the decoration segment.

Shangar Decor (BOM:540259) Headlines

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