Siddhika Coatings (NSE:SIDDHIKA) Receivables Turnover : 3.10 (As of Mar. 2022)

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What is Siddhika Coatings 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. Siddhika Coatings's Revenue for the six months ended in Mar. 2022 was ₹119.6 Mil. Siddhika Coatings's average Accounts Receivable for the six months ended in Mar. 2022 was ₹38.5 Mil. Hence, Siddhika Coatings's Receivables Turnover for the six months ended in Mar. 2022 was 3.10.

Siddhika Coatings Receivables Turnover Historical Data

The historical data trend for Siddhika Coatings'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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Siddhika Coatings Receivables Turnover Chart

Siddhika Coatings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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6.89

4.67

2.33

3.46

6.88

Siddhika Coatings Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
Receivables Turnover	Get a 7-Day Free Trial			1.04	1.90	1.71	3.10	-

Competitive Comparison of Siddhika Coatings's Receivables Turnover

For the Specialty Chemicals subindustry, Siddhika Coatings'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.

Siddhika Coatings's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Siddhika Coatings's Receivables Turnover falls into.

Siddhika Coatings Receivables Turnover Calculation

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

Siddhika Coatings's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	335.478	/ (	(46.666	+	50.868)	/	2 )
=	335.478	/	48.767
=	6.88

Siddhika Coatings's Receivables Turnover for the quarter that ended in Mar. 2022 is calculated as

	Receivables Turnover (Q: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2021 )	+	Accounts Receivable (Q: Mar. 2022 ))	/	count )
=	119.595	/ (	(30.384	+	46.666)	/	2 )
=	119.595	/	38.525
=	3.10

Siddhika Coatings (NSE:SIDDHIKA) 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.

Siddhika Coatings Receivables Turnover Related Terms

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Siddhika Coatings (NSE:SIDDHIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Siddhika Coatings Ltd (NSE:SIDDHIKA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

L-9, Lower Ground Floor Kalkaj, South Delhi, New Delhi, IND, 110019

Website

https://www.siddhika.com

Siddhika Coatings Ltd is a texture paint contract company in the single-brand segment. The paints industry is mainly divided into two segments Decorative and Industrial. The decorative segment accounts for a portion of the paint industry's value, around 75%, and the industrial segment accounts for the rest 25% of the industry's value.

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