Gulf Oil Lubricants India (BOM:538567) Receivables Turnover : 1.73 (As of Mar. 2024)

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What is Gulf Oil Lubricants India 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. Gulf Oil Lubricants India's Revenue for the three months ended in Mar. 2024 was ₹8,696 Mil. Gulf Oil Lubricants India's average Accounts Receivable for the three months ended in Mar. 2024 was ₹5,018 Mil. Hence, Gulf Oil Lubricants India's Receivables Turnover for the three months ended in Mar. 2024 was 1.73.

Gulf Oil Lubricants India Receivables Turnover Historical Data

The historical data trend for Gulf Oil Lubricants India'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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Gulf Oil Lubricants India Receivables Turnover Chart

Gulf Oil Lubricants India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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9.71

8.76

8.35

8.06

7.24

Gulf Oil Lubricants India 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															1.93	1.98	1.69	1.72	1.73

Competitive Comparison of Gulf Oil Lubricants India's Receivables Turnover

For the Specialty Chemicals subindustry, Gulf Oil Lubricants India'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.

Gulf Oil Lubricants India's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Gulf Oil Lubricants India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gulf Oil Lubricants India's Receivables Turnover falls into.

Gulf Oil Lubricants India Receivables Turnover Calculation

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

Gulf Oil Lubricants India'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 )
=	33011.531	/ (	(4099.727	+	5017.59)	/	2 )
=	33011.531	/	4558.6585
=	7.24

Gulf Oil Lubricants India'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 )
=	8696.284	/ (	(0	+	5017.59)	/	1 )
=	8696.284	/	5017.59
=	1.73

Gulf Oil Lubricants India (BOM:538567) 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.

Gulf Oil Lubricants India Receivables Turnover Related Terms

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Gulf Oil Lubricants India (BOM:538567) Business Description

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GULFOILLUB:India

Address

IN Centre, 49/50, 12th Road, M.I.D.C., Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.gulfoilindia.com

Gulf Oil Lubricants India Ltd manufactures, markets, and trades lubricants and greases used in the automotive and industrial industries. The company is a subsidiary of the Hinduja Group, which owns businesses in a variety of sectors in multiple continents. The company provides products for all types of commercial vehicles to individual and institutional customers across the automotive, agricultural, industrial, construction, and marine divisions. The company exports some of its products, however, a large majority of revenue is derived from sales inside India.

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