Indo Borax & Chemicals (BOM:524342) Receivables Turnover : 3.34 (As of Mar. 2024)

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What is Indo Borax & Chemicals 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. Indo Borax & Chemicals's Revenue for the three months ended in Mar. 2024 was ₹455 Mil. Indo Borax & Chemicals's average Accounts Receivable for the three months ended in Mar. 2024 was ₹136 Mil. Hence, Indo Borax & Chemicals's Receivables Turnover for the three months ended in Mar. 2024 was 3.34.

Indo Borax & Chemicals Receivables Turnover Historical Data

The historical data trend for Indo Borax & Chemicals'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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Indo Borax & Chemicals Receivables Turnover Chart

Indo Borax & Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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13.19

17.10

18.71

19.75

14.49

Indo Borax & Chemicals 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															4.37	4.30	3.77	3.55	3.34

Competitive Comparison of Indo Borax & Chemicals's Receivables Turnover

For the Chemicals subindustry, Indo Borax & Chemicals'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.

Indo Borax & Chemicals's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Indo Borax & Chemicals's Receivables Turnover falls into.

Indo Borax & Chemicals Receivables Turnover Calculation

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

Indo Borax & Chemicals'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 )
=	1913.03	/ (	(127.912	+	136.079)	/	2 )
=	1913.03	/	131.9955
=	14.49

Indo Borax & Chemicals'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 )
=	454.645	/ (	(0	+	136.079)	/	1 )
=	454.645	/	136.079
=	3.34

Indo Borax & Chemicals (BOM:524342) 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.

Indo Borax & Chemicals Receivables Turnover Related Terms

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Indo Borax & Chemicals (BOM:524342) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Indo Borax & Chemicals Ltd (BOM:524342) » Definitions » Receivables Turnover

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INDOBORAX:India

Address

Linking Road, 302, Link Rose, Santacruz West, Mumbai, MH, IND, 400054

Website

http://www.indoborax.com

Indo Borax & Chemicals Ltd is engaged in the manufacturing and selling of chemical products. The company's product offerings include Boric acid powder, Boric acid granular, Boric acid, Borax decahydrate granular and Borax decahydrate crystal. The company is operating in a single reportable segment i.e. manufacturing and selling of Chemicals. Its products Boric acid powder has applications in metallurgical operation, electroplating industry, nylon dyeing, nylon manufacturing and agricultural use. It derives revenues from the sale of manufactured goods, traded goods and related services.

Indo Borax & Chemicals (BOM:524342) Headlines

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