Vasundhara Rasayans (BOM:538634) Receivables Turnover : 1.79 (As of Mar. 2024)

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What is Vasundhara Rasayans 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. Vasundhara Rasayans's Revenue for the three months ended in Mar. 2024 was ₹111.4 Mil. Vasundhara Rasayans's average Accounts Receivable for the three months ended in Mar. 2024 was ₹62.2 Mil. Hence, Vasundhara Rasayans's Receivables Turnover for the three months ended in Mar. 2024 was 1.79.

Vasundhara Rasayans Receivables Turnover Historical Data

The historical data trend for Vasundhara Rasayans'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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Vasundhara Rasayans Receivables Turnover Chart

Vasundhara Rasayans Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.75

3.66

3.96

4.93

5.19

Vasundhara Rasayans 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															1.23	1.04	1.60	1.42	1.79

Competitive Comparison of Vasundhara Rasayans's Receivables Turnover

For the Chemicals subindustry, Vasundhara Rasayans'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.

Vasundhara Rasayans's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Vasundhara Rasayans's Receivables Turnover falls into.

Vasundhara Rasayans Receivables Turnover Calculation

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

Vasundhara Rasayans'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 )
=	370.184	/ (	(80.505	+	62.241)	/	2 )
=	370.184	/	71.373
=	5.19

Vasundhara Rasayans'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 )
=	111.387	/ (	(0	+	62.241)	/	1 )
=	111.387	/	62.241
=	1.79

Vasundhara Rasayans (BOM:538634) 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.

Vasundhara Rasayans Receivables Turnover Related Terms

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Vasundhara Rasayans (BOM:538634) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vasundhara Rasayans Ltd (BOM:538634) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Shed no. 42, Phase II, IDA, Mallapur, Hyderabad, TG, IND, 500076

Website

https://www.vrlindia.in

Vasundhara Rasayans Ltd is the manufacturer and exporter of antacids therapeutic category of active pharm ingredients (API). The company operates through two segments namely Export and Domestic. Its products consist of antacid API which includes dried aluminum hydroxide gel, magaldrate, aluminum hydroxide pate, and many more. The company's products are offered in various forms like paste, powder, and micronized grade powder. Additionally, it caters as well as provides technical backup support to many industries including pharmaceutical, food, and chemical. Geographically company generates the majority of its revenue from the domestic market.

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