GRP (BOM:509152) Receivables Turnover : 1.41 (As of Dec. 2023)

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What is GRP 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. GRP's Revenue for the three months ended in Dec. 2023 was ₹1,097 Mil. GRP's average Accounts Receivable for the three months ended in Dec. 2023 was ₹780 Mil. Hence, GRP's Receivables Turnover for the three months ended in Dec. 2023 was 1.41.

GRP Receivables Turnover Historical Data

The historical data trend for GRP'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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GRP Receivables Turnover Chart

GRP Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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6.10

5.27

4.31

10.31

11.45

GRP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.33	7.66	1.41	1.47	1.41

Competitive Comparison of GRP's Receivables Turnover

For the Auto Parts subindustry, GRP'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.

GRP's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, GRP's Receivables Turnover distribution charts can be found below:

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

GRP Receivables Turnover Calculation

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

GRP'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 )
=	8968.535	/ (	(860.076	+	706.946)	/	2 )
=	8968.535	/	783.511
=	11.45

GRP'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1096.875	/ (	(780.183	+	0)	/	1 )
=	1096.875	/	780.183
=	1.41

GRP (BOM:509152) 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.

GRP Receivables Turnover Related Terms

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GRP (BOM:509152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » GRP Ltd (BOM:509152) » Definitions » Receivables Turnover

Traded in Other Exchanges

GRPLTD:India

Address

Kirol Road, Off. L.B. Shastri Marg, 510, A Wing, Kohinoor City Commercial I, Kurla (West), Mumbai, MH, IND, 400 070

Website

http://www.grpweb.com

GRP Ltd is an investment holding company. It is a manufacturer of reclaimed rubber from used tyres, upscaled polyamide from nylon waste and engineered products. The operating segments of the company include Reclaim Rubber and Others. It generates maximum revenue from the Reclaim Rubber segment. Reclaim Rubber segment includes production and marketing of Reclaim rubber product. The Others segment includes Windmill, Custom Die Forms, Engineering Plastics, and Polymer Composite Products.

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