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Vivid Global Industries (BOM:524576) Receivables Turnover : 1.78 (As of Dec. 2023)


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What is Vivid Global 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. Vivid Global Industries's Revenue for the three months ended in Dec. 2023 was ₹90.6 Mil. Vivid Global Industries's average Accounts Receivable for the three months ended in Dec. 2023 was ₹50.8 Mil. Hence, Vivid Global Industries's Receivables Turnover for the three months ended in Dec. 2023 was 1.78.

Vivid Global Industries Receivables Turnover Historical Data

The historical data trend for Vivid Global 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.

* Premium members only.

Vivid Global Industries Receivables Turnover Chart

Vivid Global Industries Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.95 7.58 4.93 4.29 4.66

Vivid Global Industries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.24 1.38 1.36 1.26 1.78

Competitive Comparison of Vivid Global Industries's Receivables Turnover

For the Specialty Chemicals subindustry, Vivid Global 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.

Vivid Global Industries's Receivables Turnover Distribution in the Chemicals Industry

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

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


Vivid Global Industries Receivables Turnover Calculation

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

Vivid Global Industries'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 )
=359.702 / ((87.951 + 66.291) / 2 )
=359.702 / 77.121
=4.66

Vivid Global 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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=90.602 / ((50.832 + 0) / 1 )
=90.602 / 50.832
=1.78

* 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.

Vivid Global Industries  (BOM:524576) 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.

Vivid Global Industries Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Vivid Global Industries's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Vivid Global Industries (BOM:524576) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vivid Global Industries Ltd (BOM:524576) » Definitions » Receivables Turnover
Comparable Companies
BOM:523836 BOM:507759 BOM:524818 BOM:526269 BOM:524434 BOM:543993 BOM:530133 BOM:524080 BOM:524336 BOM:543843 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
C/o. Sumichem Corporation, Sir. P.M. Road, 1-D, Dhannur Building, Fort, Mumbai, MH, IND, 400 001
Website
https://www.vividglobalinds.com
Vivid Global Industries Ltd is engaged in the business of production of dye intermediates which include Tobias Acid, Sulpho Tobias Acid, and N-Methyl and J. Acid. Its only business segment includes dye intermediates and dyes. Reactive Dyes products include Reactive High Exhaust (He) Dyes, and Reactive Mild Exhaust (Me Dyes) (Bifunctional Dyes). The Direct and Acid Dyes include Direct Blacks, Blues, Greens, Reds, Violets, Oranges, Browns, and Yellow. Geographically, it derives a majority of its revenue from the Local Business.

Vivid Global Industries (BOM:524576) Headlines

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