Rex Sealing and Packaging Industries (BOM:543744) Receivables Turnover : 2.16 (As of Mar. 2024)

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What is Rex Sealing and Packaging Industries 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. Rex Sealing and Packaging Industries's Revenue for the six months ended in Mar. 2024 was ₹160.4 Mil. Rex Sealing and Packaging Industries's average Accounts Receivable for the six months ended in Mar. 2024 was ₹74.3 Mil. Hence, Rex Sealing and Packaging Industries's Receivables Turnover for the six months ended in Mar. 2024 was 2.16.

Rex Sealing and Packaging Industries Receivables Turnover Historical Data

The historical data trend for Rex Sealing and Packaging Industries'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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Rex Sealing and Packaging Industries Receivables Turnover Chart

Rex Sealing and Packaging Industries Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

4.46

4.26

5.08

5.35

4.89

Rex Sealing and Packaging Industries Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			-	2.54	2.81	2.50	2.16

Competitive Comparison of Rex Sealing and Packaging Industries's Receivables Turnover

For the Specialty Business Services subindustry, Rex Sealing and Packaging Industries'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.

Rex Sealing and Packaging Industries's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Rex Sealing and Packaging Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Rex Sealing and Packaging Industries's Receivables Turnover falls into.

Rex Sealing and Packaging Industries Receivables Turnover Calculation

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

Rex Sealing and Packaging Industries'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 )
=	306.125	/ (	(46.658	+	78.574)	/	2 )
=	306.125	/	62.616
=	4.89

Rex Sealing and Packaging Industries'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 )
=	160.413	/ (	(70.104	+	78.574)	/	2 )
=	160.413	/	74.339
=	2.16

Rex Sealing and Packaging Industries (BOM:543744) 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.

Rex Sealing and Packaging Industries Receivables Turnover Related Terms

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Rex Sealing and Packaging Industries (BOM:543744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Rex Sealing and Packaging Industries Ltd (BOM:543744) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

D K Road, A-207, 2nd Floor, Plot No.711 A, Byculla Services Industries, Ghodapdeo, Byculla (East), Mumbai, MH, IND, 400027

Website

https://www.rexseal.com

Rex Sealing and Packaging Industries Ltd is a manufacturer and exporter of sealing packing and insulation products including jointing sheets, fabric expansion joints, gland packing and ropes, high-temperature resistant textiles, ceramic fiber products, and others.

Rex Sealing and Packaging Industries (BOM:543744) Headlines

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