Apcotex Industries (NSE:APCOTEXIND) Receivables Turnover : 1.53 (As of Mar. 2024)

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What is Apcotex 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. Apcotex Industries's Revenue for the three months ended in Mar. 2024 was ₹3,106 Mil. Apcotex Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₹2,030 Mil. Hence, Apcotex Industries's Receivables Turnover for the three months ended in Mar. 2024 was 1.53.

Apcotex Industries Receivables Turnover Historical Data

The historical data trend for Apcotex 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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Apcotex Industries Receivables Turnover Chart

Apcotex Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.91

5.55

7.14

7.23

6.61

Apcotex Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.87	2.03	1.60	1.47	1.53

Competitive Comparison of Apcotex Industries's Receivables Turnover

For the Specialty Chemicals subindustry, Apcotex 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.

Apcotex Industries's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Apcotex Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Apcotex Industries's Receivables Turnover falls into.

Apcotex Industries Receivables Turnover Calculation

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

Apcotex 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 )
=	11245.501	/ (	(1370.648	+	2030.319)	/	2 )
=	11245.501	/	1700.4835
=	6.61

Apcotex 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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	3105.816	/ (	(0	+	2030.319)	/	1 )
=	3105.816	/	2030.319
=	1.53

Apcotex Industries (NSE:APCOTEXIND) 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.

Apcotex Industries Receivables Turnover Related Terms

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Apcotex Industries (NSE:APCOTEXIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Apcotex Industries Ltd (NSE:APCOTEXIND) » Definitions » Receivables Turnover

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Traded in Other Exchanges

523694:India

Address

Babubhai M. Chinai Marg, N. K. Mehta International House, 178, Backbay Reclamation, Mumbai, MH, IND, 400 020

Website

https://www.apcotex.com

Apcotex Industries Ltd is an India-based company engaged in producing emulsion polymers. It operates in the business segment of Synthetic Lattices and Rubber. The various grades of Synthetic Rubber find application in products such as Automotive Components, Hoses, Gaskets, Rice De-husking Rollers, Printing and Industrial Rollers, Friction Materials, Belting, and Footwear. Latexes are used for Paper/Paper Board Coating, Carpet Backing, Tyre Cord Dipping, Construction, and others. Its market coverage includes sales in India and Overseas Countries. The company derives the majority of its revenue from Indian markets.

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