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IFL Enterprises (BOM:540377) Receivables Turnover : 0.38 (As of Mar. 2024)


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What is IFL Enterprises 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. IFL Enterprises's Revenue for the three months ended in Mar. 2024 was ₹19.87 Mil. IFL Enterprises's average Accounts Receivable for the three months ended in Mar. 2024 was ₹52.13 Mil. Hence, IFL Enterprises's Receivables Turnover for the three months ended in Mar. 2024 was 0.38.


IFL Enterprises Receivables Turnover Historical Data

The historical data trend for IFL Enterprises'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.

* Premium members only.

IFL Enterprises Receivables Turnover Chart

IFL Enterprises 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 2.92 0.91 0.83 1.92 1.74

IFL Enterprises Quarterly Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 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 0.96 0.55 0.32 0.35 0.38

Competitive Comparison of IFL Enterprises's Receivables Turnover

For the Textile Manufacturing subindustry, IFL Enterprises'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.


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

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

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



IFL Enterprises Receivables Turnover Calculation

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

IFL Enterprises'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 )
=82.414 / ((42.573 + 52.128) / 2 )
=82.414 / 47.3505
=1.74

IFL Enterprises'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 )
=19.869 / ((0 + 52.128) / 1 )
=19.869 / 52.128
=0.38

* 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.


IFL Enterprises  (BOM:540377) 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.


IFL Enterprises Receivables Turnover Related Terms

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IFL Enterprises (BOM:540377) Business Description

Traded in Other Exchanges
N/A
Address
Prahladnagar Trade Center Radio Mirchi Roa, A-607, Vejalpur, Ahmedabad, IND, 380015
IFL Enterprises Ltd is engaged in the trading of textile products. The products include fabrics, such as Cotton fabric, Grey cloth, Cotton twill and other fabric materials. The company derives all of its revenue from sale of materials.

IFL Enterprises (BOM:540377) Headlines

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