J.B. Chemicals & Pharmaceuticals (BOM:506943) Receivables Turnover : 1.25 (As of Mar. 2024)

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What is J.B. Chemicals & Pharmaceuticals 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. J.B. Chemicals & Pharmaceuticals's Revenue for the three months ended in Mar. 2024 was ₹8,617 Mil. J.B. Chemicals & Pharmaceuticals's average Accounts Receivable for the three months ended in Mar. 2024 was ₹6,869 Mil. Hence, J.B. Chemicals & Pharmaceuticals's Receivables Turnover for the three months ended in Mar. 2024 was 1.25.

J.B. Chemicals & Pharmaceuticals Receivables Turnover Historical Data

The historical data trend for J.B. Chemicals & Pharmaceuticals'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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J.B. Chemicals & Pharmaceuticals Receivables Turnover Chart

J.B. Chemicals & Pharmaceuticals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.33

5.56

5.13

5.57

5.52

J.B. Chemicals & Pharmaceuticals 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															1.32	1.56	1.23	1.18	1.25

Competitive Comparison of J.B. Chemicals & Pharmaceuticals's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, J.B. Chemicals & Pharmaceuticals'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.

J.B. Chemicals & Pharmaceuticals's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, J.B. Chemicals & Pharmaceuticals's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where J.B. Chemicals & Pharmaceuticals's Receivables Turnover falls into.

J.B. Chemicals & Pharmaceuticals Receivables Turnover Calculation

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

J.B. Chemicals & Pharmaceuticals'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 )
=	34841.8	/ (	(5758	+	6869.2)	/	2 )
=	34841.8	/	6313.6
=	5.52

J.B. Chemicals & Pharmaceuticals'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 )
=	8617.3	/ (	(0	+	6869.2)	/	1 )
=	8617.3	/	6869.2
=	1.25

J.B. Chemicals & Pharmaceuticals (BOM:506943) 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.

J.B. Chemicals & Pharmaceuticals Receivables Turnover Related Terms

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J.B. Chemicals & Pharmaceuticals (BOM:506943) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » J.B. Chemicals & Pharmaceuticals Ltd (BOM:506943) » Definitions » Receivables Turnover

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JBCHEPHARM:India

Address

Appa Saheb Marathe Marg, Cnergy IT Park, Unit A2, 3rd floor, Unit A, 8th floor, Prabhadevi, Mumbai, MH, IND, 400 025

Website

https://www.jbpharma.com

J.B. Chemicals & Pharmaceuticals Ltd is an India-based pharmaceutical company. It manufactures and markets pharmaceutical formulations, herbal remedies, and active pharmaceutical ingredients (APIs). The company's products include various pharmaceutical dosage forms like tablets, injectable, creams, ointments, lozenges, herbal liquids, and capsules. It also offers services including optimization of formulations, scale-up services, stability testing, regulatory support, packaging design, and commercial production. The group derives revenue from the manufacturing and marketing of a diverse range of pharmaceutical products. The company sells its products in India and also exports them to other international countries.

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