Gujarat Petrosynthese (BOM:506858) Receivables Turnover : 1.50 (As of Mar. 2024)

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What is Gujarat Petrosynthese 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. Gujarat Petrosynthese's Revenue for the three months ended in Mar. 2024 was ₹31.9 Mil. Gujarat Petrosynthese's average Accounts Receivable for the three months ended in Mar. 2024 was ₹21.3 Mil. Hence, Gujarat Petrosynthese's Receivables Turnover for the three months ended in Mar. 2024 was 1.50.

Gujarat Petrosynthese Receivables Turnover Historical Data

The historical data trend for Gujarat Petrosynthese'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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Gujarat Petrosynthese Receivables Turnover Chart

Gujarat Petrosynthese Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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9.91

9.21

9.94

4.37

3.72

Gujarat Petrosynthese 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															0.87	0.54	1.62	1.17	1.50

Competitive Comparison of Gujarat Petrosynthese's Receivables Turnover

For the Specialty Chemicals subindustry, Gujarat Petrosynthese'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.

Gujarat Petrosynthese's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Gujarat Petrosynthese's Receivables Turnover falls into.

Gujarat Petrosynthese Receivables Turnover Calculation

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

Gujarat Petrosynthese'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 )
=	138.452	/ (	(53.021	+	21.32)	/	2 )
=	138.452	/	37.1705
=	3.72

Gujarat Petrosynthese'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 )
=	31.9	/ (	(0	+	21.32)	/	1 )
=	31.9	/	21.32
=	1.50

Gujarat Petrosynthese (BOM:506858) 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.

Gujarat Petrosynthese Receivables Turnover Related Terms

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Gujarat Petrosynthese (BOM:506858) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gujarat Petrosynthese Ltd (BOM:506858) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

City of Joy J.S.D Road, Ecstasy, 718, 7th Floor, Mulund (West), Mumbai, MH, IND, 400080

Website

https://www.gpl.in

Gujarat Petrosynthese Ltd is engaged in the business of manufacturing and selling polybutenes and its byproducts. The company offers polymer blends and alloys, specialty grade compounds, engineering plastics. It serves electrical and electronics, automobile, textile, telecommunication, consumer goods, and light industries. The company products include Modified ABS - Synolac, Modified PC - Synonate, Modified POM - Synol, Modified SAN - Synsan, Modified PC/PO - Synofin, Modified PC/ABS - Synonate, Modified PC/PBT - Synolate, Modified PP/EPDM - Synofin and others.

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