Shashwat Furnishing Solutions (BOM:543519) Receivables Turnover : 2.02 (As of Mar. 2024)

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What is Shashwat Furnishing Solutions 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. Shashwat Furnishing Solutions's Revenue for the six months ended in Mar. 2024 was ₹20.43 Mil. Shashwat Furnishing Solutions's average Accounts Receivable for the six months ended in Mar. 2024 was ₹10.09 Mil. Hence, Shashwat Furnishing Solutions's Receivables Turnover for the six months ended in Mar. 2024 was 2.02.

Shashwat Furnishing Solutions Receivables Turnover Historical Data

The historical data trend for Shashwat Furnishing Solutions'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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Shashwat Furnishing Solutions Receivables Turnover Chart

Shashwat Furnishing Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

1.54

4.33

2.87

Shashwat Furnishing Solutions Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			1.32	1.68	2.10	0.88	2.02

Competitive Comparison of Shashwat Furnishing Solutions's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Shashwat Furnishing Solutions'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.

Shashwat Furnishing Solutions's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Shashwat Furnishing Solutions's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shashwat Furnishing Solutions's Receivables Turnover falls into.

Shashwat Furnishing Solutions Receivables Turnover Calculation

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

Shashwat Furnishing Solutions'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 )
=	30.613	/ (	(12.144	+	9.189)	/	2 )
=	30.613	/	10.6665
=	2.87

Shashwat Furnishing Solutions'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	20.428	/ (	(10.996	+	9.189)	/	2 )
=	20.428	/	10.0925
=	2.02

Shashwat Furnishing Solutions (BOM:543519) 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.

Shashwat Furnishing Solutions Receivables Turnover Related Terms

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Shashwat Furnishing Solutions (BOM:543519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Shashwat Furnishing Solutions Ltd (BOM:543519) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

121, Mahaveer Nagar, Guro Ka Talab,, Jain Colony, Jodhpur, RJ, IND, 342001

Website

https://www.handicraftsvillage.com

Shashwat Furnishing Solutions Ltd is an Indian handicrafts manufacturer and supplier. It is engaged in the processing of semi-finished furniture products into finished products and manufacturing through job work of furniture and handicraft items. It specializes in developing a qualitative range of Industrial Furniture and Restaurant and Cafe Furniture, Garden and Outdoor Furniture Vintage Furniture, Mirror Frames, Wall clocks and various other decoration and handicrafts objects.

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