Paradeep Phosphates (BOM:543530) Receivables Turnover : 0.82 (As of Mar. 2024)

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What is Paradeep Phosphates 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. Paradeep Phosphates's Revenue for the three months ended in Mar. 2024 was ₹22,427 Mil. Paradeep Phosphates's average Accounts Receivable for the three months ended in Mar. 2024 was ₹27,205 Mil. Hence, Paradeep Phosphates's Receivables Turnover for the three months ended in Mar. 2024 was 0.82.

Paradeep Phosphates Receivables Turnover Historical Data

The historical data trend for Paradeep Phosphates'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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Paradeep Phosphates Receivables Turnover Chart

Paradeep Phosphates Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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1.26

2.25

7.64

5.81

3.61

Paradeep Phosphates Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial										0.99	0.83	1.39	0.98	0.82

Competitive Comparison of Paradeep Phosphates's Receivables Turnover

For the Agricultural Inputs subindustry, Paradeep Phosphates'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.

Paradeep Phosphates's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Paradeep Phosphates's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Paradeep Phosphates's Receivables Turnover falls into.

Paradeep Phosphates Receivables Turnover Calculation

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

Paradeep Phosphates'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 )
=	115751.2	/ (	(36897.4	+	27204.8)	/	2 )
=	115751.2	/	32051.1
=	3.61

Paradeep Phosphates'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 )
=	22427.4	/ (	(0	+	27204.8)	/	1 )
=	22427.4	/	27204.8
=	0.82

Paradeep Phosphates (BOM:543530) 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.

Paradeep Phosphates Receivables Turnover Related Terms

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Paradeep Phosphates (BOM:543530) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Paradeep Phosphates Ltd (BOM:543530) » Definitions » Receivables Turnover

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PARADEEP:India

Address

Off Cubbon Road, 3rd Floor, Adventz Centre 28 Union Street, Bengaluru, KA, IND, 560 001

Website

https://www.paradeepphosphates.com

Paradeep Phosphates Ltd is engaged in the manufacturing of Di-Ammonium Phosphate, Complex Fertilizers of NPK grades, and Zypmite. The company is also involved in the trading of fertilizers, ammonia, neutralized phospo gypsum, micronutrients, and other materials.

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