Goblin India (BOM:542850) Receivables Turnover : 0.71 (As of Sep. 2023)

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What is Goblin India 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. Goblin India's Revenue for the six months ended in Sep. 2023 was ₹220.2 Mil. Goblin India's average Accounts Receivable for the six months ended in Sep. 2023 was ₹311.1 Mil. Hence, Goblin India's Receivables Turnover for the six months ended in Sep. 2023 was 0.71.

Goblin India Receivables Turnover Historical Data

The historical data trend for Goblin India'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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Goblin India Receivables Turnover Chart

Goblin India Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.45

4.08

1.82

0.84

1.43

Goblin India Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial							0.32	0.53	0.78	0.67	0.71

Competitive Comparison of Goblin India's Receivables Turnover

For the Footwear & Accessories subindustry, Goblin India'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.

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

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

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

Goblin India Receivables Turnover Calculation

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

Goblin India'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 )
=	362.526	/ (	(202.386	+	302.944)	/	2 )
=	362.526	/	252.665
=	1.43

Goblin India's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	220.178	/ (	(302.944	+	319.249)	/	2 )
=	220.178	/	311.0965
=	0.71

Goblin India (BOM:542850) 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.

Goblin India Receivables Turnover Related Terms

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Goblin India (BOM:542850) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Goblin India Ltd (BOM:542850) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Stadium Commercial Road, Camex House, 1st Floor, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

http://www.goblinindia.com

Goblin India Ltd is engaged in manufacturing of traveling gear solutions. The company offers a variety of Travelling Gears including Hard Luggage, Soft Luggage and other accessories like wallets, purses, travel neck pillow. Geographically, operating in India. The company is operating only one business segment of trading in luggage bags, travel accessories and corporate gifts.

Goblin India (BOM:542850) Headlines

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