Adarsh Plant Protect (BOM:526711) Receivables Turnover : 1.64 (As of Mar. 2024)

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What is Adarsh Plant Protect 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. Adarsh Plant Protect's Revenue for the three months ended in Mar. 2024 was ₹54.6 Mil. Adarsh Plant Protect's average Accounts Receivable for the three months ended in Mar. 2024 was ₹33.3 Mil. Hence, Adarsh Plant Protect's Receivables Turnover for the three months ended in Mar. 2024 was 1.64.

Adarsh Plant Protect Receivables Turnover Historical Data

The historical data trend for Adarsh Plant Protect'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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Adarsh Plant Protect Receivables Turnover Chart

Adarsh Plant Protect Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.82

3.42

4.54

5.03

5.71

Adarsh Plant Protect 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															1.30	1.20	1.49	2.08	1.64

Competitive Comparison of Adarsh Plant Protect's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Adarsh Plant Protect'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.

Adarsh Plant Protect's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Adarsh Plant Protect's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Adarsh Plant Protect's Receivables Turnover falls into.

Adarsh Plant Protect Receivables Turnover Calculation

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

Adarsh Plant Protect'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 )
=	186.49	/ (	(32.033	+	33.274)	/	2 )
=	186.49	/	32.6535
=	5.71

Adarsh Plant Protect'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 )
=	54.646	/ (	(0	+	33.274)	/	1 )
=	54.646	/	33.274
=	1.64

Adarsh Plant Protect (BOM:526711) 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.

Adarsh Plant Protect Receivables Turnover Related Terms

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Adarsh Plant Protect (BOM:526711) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Adarsh Plant Protect Ltd (BOM:526711) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 604, G.I.D.C. Estate, Vitthal Udyognagar, Anand, GJ, IND, 388121

Website

https://www.adarshplant.com

Adarsh Plant Protect Ltd is an Indian company which is engaged in manufacturing and selling plant protection and agricultural equipment. It mainly manufactures manual and battery-operated knapsack sprayer pumps, fertilizer dusters and broadcasters, and manual and power operated seed dressing drums. The agricultural equipment produces by the company includes hand-operated agricultural sprayer pumps, foot-operated agricultural sprayer pumps, rocker sprayer pumps, and others under the Adarsh brand. The company also manufactures barrels with MS/GI sheets, HMHDPE composite barrels of GI sheets, and inside epoxy lacquered MS barrels. The operating segments of the company are Agricultural Equipment, Barrel, and Eco Stove.

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