Rain Industries (BOM:500339) Receivables Turnover : 1.89 (As of Dec. 2023)

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What is Rain Industries 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. Rain Industries's Revenue for the six months ended in Dec. 2023 was ₹41,006 Mil. Rain Industries's average Accounts Receivable for the six months ended in Dec. 2023 was ₹23,321 Mil. Hence, Rain Industries's Receivables Turnover for the six months ended in Dec. 2023 was 1.76.

Rain Industries Receivables Turnover Historical Data

The historical data trend for Rain Industries'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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Rain Industries Receivables Turnover Chart

Rain Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.07

9.47

10.30

9.97

7.74

Rain Industries Semi-Annual Data
	Mar05	Mar06	Mar07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Receivables Turnover	Get a 7-Day Free Trial														2.56	2.42	2.28	2.19	1.89

Competitive Comparison of Rain Industries's Receivables Turnover

For the Chemicals subindustry, Rain Industries'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.

Rain Industries's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Rain Industries's Receivables Turnover falls into.

Rain Industries Receivables Turnover Calculation

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

Rain Industries's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	180518.14	/ (	(24940.84	+	21701)	/	2 )
=	180518.14	/	23320.92
=	7.74

Rain Industries's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	41005.8	/ (	(24940.84	+	21701)	/	2 )
=	41005.8	/	23320.92
=	1.76

Rain Industries (BOM:500339) 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.

Rain Industries Receivables Turnover Related Terms

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Rain Industries (BOM:500339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rain Industries Ltd (BOM:500339) » Definitions » Receivables Turnover

Traded in Other Exchanges

RAIN:India

Address

34, Srinagar Colony, Rain Center, Hyderabad, TG, IND, 500073

Website

https://www.rain-industries.com

Rain Industries Ltd engages in the production of cement and other related products. The group operates through three segments namely Carbon Products, Advanced Materials, and Cement. The product portfolio of the group consists of Calcined Petroleum Coke, Green Petroleum Coke, Coal Tar Pitch, Co-generated Energy and other derivatives of coal tar distillation. In addition, it also focuses on the downstream operations of coal tar distillation and modifiers and is also involved in the manufacture and sale of cement. Geographically, the business of the firm is spread across the region of Europe, the United States, North America, Asia, and others.

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