Shelter Pharma (BOM:543963) Receivables Turnover : 2.26 (As of Mar. 2024)

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What is Shelter Pharma 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. Shelter Pharma's Revenue for the six months ended in Mar. 2024 was ₹207.1 Mil. Shelter Pharma's average Accounts Receivable for the six months ended in Mar. 2024 was ₹91.7 Mil. Hence, Shelter Pharma's Receivables Turnover for the six months ended in Mar. 2024 was 2.26.

Shelter Pharma Receivables Turnover Historical Data

The historical data trend for Shelter Pharma'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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Shelter Pharma Receivables Turnover Chart

Shelter Pharma Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

29.60

25.42

7.38

4.70

Shelter Pharma Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			-	10.60	2.33	2.18	2.26

Competitive Comparison of Shelter Pharma's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Shelter Pharma'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.

Shelter Pharma's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

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

Shelter Pharma Receivables Turnover Calculation

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

Shelter Pharma'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 )
=	400.2	/ (	(81.947	+	88.501)	/	2 )
=	400.2	/	85.224
=	4.70

Shelter Pharma'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	207.08	/ (	(94.883	+	88.501)	/	2 )
=	207.08	/	91.692
=	2.26

Shelter Pharma (BOM:543963) 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.

Shelter Pharma Receivables Turnover Related Terms

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Shelter Pharma (BOM:543963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Shelter Pharma Ltd (BOM:543963) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Mistry Chambers, Khanpur, Ahmedabad, GJ, IND, 380001

Website

https://www.shelter.co.in

Shelter Pharma Ltd focuses in manufacturing herbal products with well-built presence in Human Pharma as well as Veterinary space. It is present in most of non-critical segment of Human as well as Veterinary Pharma through its well spread portfolio. Its products include Tablets, syrups, Baby drops, Barley Water, Oils, Powders, Ointments and Etc.

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