Panama Petrochem (BOM:524820) Receivables Turnover : 1.83 (As of Mar. 2024)

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What is Panama Petrochem 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. Panama Petrochem's Revenue for the three months ended in Mar. 2024 was ₹7,410 Mil. Panama Petrochem's average Accounts Receivable for the three months ended in Mar. 2024 was ₹4,058 Mil. Hence, Panama Petrochem's Receivables Turnover for the three months ended in Mar. 2024 was 1.83.

Panama Petrochem Receivables Turnover Historical Data

The historical data trend for Panama Petrochem'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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Panama Petrochem Receivables Turnover Chart

Panama Petrochem Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.55

5.04

6.66

6.75

6.25

Panama Petrochem 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															1.46	1.52	1.51	1.35	1.83

Competitive Comparison of Panama Petrochem's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Panama Petrochem'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.

Panama Petrochem's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Panama Petrochem's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Panama Petrochem's Receivables Turnover falls into.

Panama Petrochem Receivables Turnover Calculation

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

Panama Petrochem'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 )
=	23567.4	/ (	(3489.3	+	4058.1)	/	2 )
=	23567.4	/	3773.7
=	6.25

Panama Petrochem'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 )
=	7409.7	/ (	(0	+	4058.1)	/	1 )
=	7409.7	/	4058.1
=	1.83

Panama Petrochem (BOM:524820) 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.

Panama Petrochem Receivables Turnover Related Terms

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Panama Petrochem (BOM:524820) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Panama Petrochem Ltd (BOM:524820) » Definitions » Receivables Turnover

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PANAMAPET:India

Address

24, Turner Road, No. 401, Aza House, Next to Andhra Bank, Bandra (West), Mumbai, MH, IND, 400 050

Website

https://www.panamapetro.com

Panama Petrochem Ltd manufactures and exports petroleum specialty products. Its products are white oil/liquid paraffin oil, petroleum jelly, transformer oil, rubber process oil, industrial oils and greases, drilling fluids, and others. The products are used in inks and resins, printing, textiles, rubber, pharmaceuticals, cosmetics, power, cables, and for other industrial purposes. The geographical segment of the sales is divided into two segments Domestic and Overseas.

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