Denis Chem Lab (BOM:537536) Receivables Turnover : 1.26 (As of Mar. 2024)

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What is Denis Chem Lab 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. Denis Chem Lab's Revenue for the three months ended in Mar. 2024 was ₹399 Mil. Denis Chem Lab's average Accounts Receivable for the three months ended in Mar. 2024 was ₹317 Mil. Hence, Denis Chem Lab's Receivables Turnover for the three months ended in Mar. 2024 was 1.26.

Denis Chem Lab Receivables Turnover Historical Data

The historical data trend for Denis Chem Lab'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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Denis Chem Lab Receivables Turnover Chart

Denis Chem Lab Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.83

3.22

4.22

5.10

5.34

Denis Chem Lab Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.27	1.36	1.32	1.16	1.26

Competitive Comparison of Denis Chem Lab's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Denis Chem Lab'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.

Denis Chem Lab's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Denis Chem Lab's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Denis Chem Lab's Receivables Turnover falls into.

Denis Chem Lab Receivables Turnover Calculation

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

Denis Chem Lab's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	1678.22	/ (	(312.406	+	316.589)	/	2 )
=	1678.22	/	314.4975
=	5.34

Denis Chem Lab's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	398.549	/ (	(0	+	316.589)	/	1 )
=	398.549	/	316.589
=	1.26

Denis Chem Lab (BOM:537536) 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.

Denis Chem Lab Receivables Turnover Related Terms

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Denis Chem Lab (BOM:537536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Denis Chem Lab Ltd (BOM:537536) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Satellite Road, 401 Abhishree Complex, Opposite OM Tower, Beside Bidiwala Park, Ahmedabad, GJ, IND, 380015

Website

http://www.denischemlab.com

Denis Chem Lab Ltd is a pharmaceutical company involved in the manufacturing of pharmaceutical products. The company offers sterile intravenous injectables for human and veterinary use for different therapeutic areas. Its product portfolio includes antibiotic injections, diuretic injections, parenteral amino acid injections, plasma volume expanders, anti-pyretic Inj. irrigation solutions and dialysis solutions. The company has only one reportable segment which is Manufacturing, and Sales of Transfusion Solution in Bottles It generates its revenues through the sale of transfusion solution in bottles.

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