Vital Chemtech (NSE:VITAL) Receivables Turnover : 1.33 (As of Sep. 2023)

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What is Vital Chemtech 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. Vital Chemtech's Revenue for the six months ended in Sep. 2023 was ₹498 Mil. Vital Chemtech's average Accounts Receivable for the six months ended in Sep. 2023 was ₹375 Mil. Hence, Vital Chemtech's Receivables Turnover for the six months ended in Sep. 2023 was 1.33.

Vital Chemtech Receivables Turnover Historical Data

The historical data trend for Vital Chemtech'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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Vital Chemtech Receivables Turnover Chart

Vital Chemtech Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

3.61

3.79

2.08

2.92

Vital Chemtech Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			-	-	1.45	1.47	1.33

Competitive Comparison of Vital Chemtech's Receivables Turnover

For the Specialty Chemicals subindustry, Vital Chemtech'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.

Vital Chemtech's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Vital Chemtech's Receivables Turnover falls into.

Vital Chemtech Receivables Turnover Calculation

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

Vital Chemtech'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 )
=	1167.433	/ (	(417.3	+	382.447)	/	2 )
=	1167.433	/	399.8735
=	2.92

Vital Chemtech's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	497.684	/ (	(382.447	+	367.036)	/	2 )
=	497.684	/	374.7415
=	1.33

Vital Chemtech (NSE:VITAL) 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.

Vital Chemtech Receivables Turnover Related Terms

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Vital Chemtech (NSE:VITAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vital Chemtech Ltd (NSE:VITAL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

S. G. Highway, Opposite Karnavati Club, B-406, Mondeal Heights, Ahmedabad, GJ, IND, 380015

Website

https://www.vitalgroup.co.in

Vital Chemtech Ltd is engaged in the business of manufacturing, producing, refining, processing, formulating, mixing, enriching, mining, importing, exporting, acquiring, inventing, buying, selling, exchanging, distributing, and otherwise trading and dealing in all kinds of mixtures, formlations, intermediates, derivatives, compounds, phosphorous based chemicals, fine chemicals, heavy chemicals, valence, inorganic and organic chemicals, source materials, intermediates, ingredients, mixtures, derivatives and compounds. The company's Products include Phosphorus Derivatives, Industrial Chemicals, Specialty Chemicals & Intermediates, Organophosphates, Polymers & Dispersants, and Wellness Products.

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