Shanthala FMCG Products (NSE:SHANTHALA) Receivables Turnover : 46.21 (As of Mar. 2023)

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What is Shanthala FMCG Products 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. Shanthala FMCG Products's Revenue for the six months ended in Mar. 2023 was ₹405.2 Mil. Shanthala FMCG Products's average Accounts Receivable for the six months ended in Mar. 2023 was ₹8.8 Mil. Hence, Shanthala FMCG Products's Receivables Turnover for the six months ended in Mar. 2023 was 46.21.

Shanthala FMCG Products Receivables Turnover Historical Data

The historical data trend for Shanthala FMCG Products'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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Shanthala FMCG Products Receivables Turnover Chart

Shanthala FMCG Products Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

22.93

26.13

46.21

Shanthala FMCG Products Semi-Annual Data
	Mar21	Mar22	Mar23
Receivables Turnover	22.93	26.13	46.21

Competitive Comparison of Shanthala FMCG Products's Receivables Turnover

For the Conglomerates subindustry, Shanthala FMCG Products'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.

Shanthala FMCG Products's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Shanthala FMCG Products's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanthala FMCG Products's Receivables Turnover falls into.

Shanthala FMCG Products Receivables Turnover Calculation

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

Shanthala FMCG Products'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 )
=	405.159	/ (	(7.55	+	9.985)	/	2 )
=	405.159	/	8.7675
=	46.21

Shanthala FMCG Products's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	405.159	/ (	(7.55	+	9.985)	/	2 )
=	405.159	/	8.7675
=	46.21

Shanthala FMCG Products (NSE:SHANTHALA) 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.

Shanthala FMCG Products Receivables Turnover Related Terms

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Shanthala FMCG Products (NSE:SHANTHALA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Shanthala FMCG Products Ltd (NSE:SHANTHALA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gandhinagr Bye Pass Road, 7th Block, Kodagu, Virajpet, KA, IND, 571218

Website

https://www.shanthalafmcg.com

Shanthala FMCG Products Ltd is an FMCG product distributor for large-size FMCG Companies in India for whom It distributes Branded packaged foods, Personal care products, Education & stationery products, Matches & Agarbatti and tobacco products. It is also a distributor for one of the largest FMCG MNC Company in India. It distributes branded Beauty & wellbeing, Nutrition, Personal care & Home care products for them.

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