D G Khan Cement (KAR:DGKC) Receivables Turnover : 12.43 (As of Mar. 2024)

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What is D G Khan Cement 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. D G Khan Cement's Revenue for the three months ended in Mar. 2024 was ₨16,129 Mil. D G Khan Cement's average Accounts Receivable for the three months ended in Mar. 2024 was ₨1,298 Mil. Hence, D G Khan Cement's Receivables Turnover for the three months ended in Mar. 2024 was 12.43.

D G Khan Cement Receivables Turnover Historical Data

The historical data trend for D G Khan Cement'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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D G Khan Cement Receivables Turnover Chart

D G Khan Cement Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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39.69

17.62

17.48

29.62

50.10

D G Khan Cement 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															14.21	14.42	13.41	16.17	12.43

Competitive Comparison of D G Khan Cement's Receivables Turnover

For the Building Materials subindustry, D G Khan Cement'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.

D G Khan Cement's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, D G Khan Cement's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where D G Khan Cement's Receivables Turnover falls into.

D G Khan Cement Receivables Turnover Calculation

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

D G Khan Cement's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	70495.201	/ (	(1591.516	+	1222.551)	/	2 )
=	70495.201	/	1407.0335
=	50.10

D G Khan Cement'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 )
=	16129.292	/ (	(1037.178	+	1558.583)	/	2 )
=	16129.292	/	1297.8805
=	12.43

D G Khan Cement (KAR:DGKC) 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.

D G Khan Cement Receivables Turnover Related Terms

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D G Khan Cement (KAR:DGKC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » D G Khan Cement Ltd (KAR:DGKC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

53-A, Lawrence Road, Nishat House, Lahore, PB, PAK

Website

https://www.dgcement.com

D G Khan Cement Ltd is engaged in the production and sale of Clinker, Ordinary Portland and Sulphate Resistant Cement. It has four cement plants, two plants; located at Dera Ghazi Khan, one in Khairpur District, Chakwal, and one in Hub District, Lasbela. Its products are distributed across the Pakistan market. The company has three segments, which include the Cement segment: Production and sale of clinker, ordinary portland, and sulphate-resistant cement, the Paper segment: Manufacture and supply of paper products and packing material, the Dairy segment: Production and sale of raw milk.

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