Receivables turnover

Revenue divided by average receivables. The inverse of collection days, expressed as a frequency.

The exporter turning ₹4,800 crore of revenue against ₹640 crore of receivables collects 7.5 times a year.

Most analysts work in days rather than turns for receivables, because days are directly comparable to the credit terms in the contract. Turns are more useful when building a model, where a turnover assumption drives the balance projection.

Whichever form you use, use it consistently across the peer set.