Cochin Minerals & Rutile (BOM:513353) Receivables Turnover : 3.40 (As of Dec. 2023)

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What is Cochin Minerals & Rutile 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. Cochin Minerals & Rutile's Revenue for the three months ended in Dec. 2023 was ₹822 Mil. Cochin Minerals & Rutile's average Accounts Receivable for the three months ended in Dec. 2023 was ₹242 Mil. Hence, Cochin Minerals & Rutile's Receivables Turnover for the three months ended in Dec. 2023 was 3.40.

Cochin Minerals & Rutile Receivables Turnover Historical Data

The historical data trend for Cochin Minerals & Rutile'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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Cochin Minerals & Rutile Receivables Turnover Chart

Cochin Minerals & Rutile Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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20.98

23.14

11.52

10.42

16.40

Cochin Minerals & Rutile Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.97	4.42	2.74	2.09	3.40

Competitive Comparison of Cochin Minerals & Rutile's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Cochin Minerals & Rutile'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.

Cochin Minerals & Rutile's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Cochin Minerals & Rutile's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cochin Minerals & Rutile's Receivables Turnover falls into.

Cochin Minerals & Rutile Receivables Turnover Calculation

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

Cochin Minerals & Rutile's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	4439.127	/ (	(297.524	+	243.959)	/	2 )
=	4439.127	/	270.7415
=	16.40

Cochin Minerals & Rutile's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	821.604	/ (	(241.986	+	0)	/	1 )
=	821.604	/	241.986
=	3.40

Cochin Minerals & Rutile (BOM:513353) 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.

Cochin Minerals & Rutile Receivables Turnover Related Terms

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Cochin Minerals & Rutile (BOM:513353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cochin Minerals & Rutile Ltd (BOM:513353) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

VIII/224, Market Road, Post Box No. 73, Alwaye, KL, IND, 683 101

Website

https://www.cmrlindia.com

Cochin Minerals & Rutile Ltd is an export-oriented unit in the mineral processing sector. The principal business activities of the company are manufacturing, research and marketing of aqua ferric chloride. Its by-product offerings include beneficiated ilmenite (synthetic rutile), ferric chloride, ferrous chloride, cemox, iron hydroxide, and recovered TiO2. The company's main product synthetic rutile is used in titanium pigment and titanium sponge/metal industry.

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