Advance Petrochemicals (BOM:506947) Receivables Turnover : 1.22 (As of Mar. 2024)

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What is Advance Petrochemicals 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. Advance Petrochemicals's Revenue for the three months ended in Mar. 2024 was ₹109.9 Mil. Advance Petrochemicals's average Accounts Receivable for the three months ended in Mar. 2024 was ₹90.2 Mil. Hence, Advance Petrochemicals's Receivables Turnover for the three months ended in Mar. 2024 was 1.22.

Advance Petrochemicals Receivables Turnover Historical Data

The historical data trend for Advance Petrochemicals'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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Advance Petrochemicals Receivables Turnover Chart

Advance Petrochemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.57

9.24

7.51

8.68

5.55

Advance Petrochemicals 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															2.18	2.25	1.56	1.49	1.22

Competitive Comparison of Advance Petrochemicals's Receivables Turnover

For the Chemicals subindustry, Advance Petrochemicals'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.

Advance Petrochemicals's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Advance Petrochemicals's Receivables Turnover falls into.

Advance Petrochemicals Receivables Turnover Calculation

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

Advance Petrochemicals'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 )
=	351.871	/ (	(36.493	+	90.222)	/	2 )
=	351.871	/	63.3575
=	5.55

Advance Petrochemicals'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 )
=	109.859	/ (	(0	+	90.222)	/	1 )
=	109.859	/	90.222
=	1.22

Advance Petrochemicals (BOM:506947) 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.

Advance Petrochemicals Receivables Turnover Related Terms

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Advance Petrochemicals (BOM:506947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Advance Petrochemicals Ltd (BOM:506947) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

36, Diwan Ballubhai Road, Kothari Market, 1st Floor, Opp Hirabhai Market, Kankaria, Ahmedabad, GJ, IND, 380022

Website

https://www.advancepetro.com

Advance Petrochemicals Ltd is an India-based company that manufactures and supplies petrochemical products. Its offerings include surface active agents, solvents, alkyl aryl ethanolamine, ethanolamine, automotive products, fire-resistant fluid, and aircraft chemicals. These chemicals are used in automobiles, aircraft, textiles, refineries, crude oil, leather, pesticides, paint, lubricant, wood, masonry, food, cosmetics, pharmaceuticals, metal, construction, power plants, mines, and minerals. It has one business segment namely Petroleum Products.

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