Ester Industries (NSE:ESTER) Receivables Turnover : 1.88 (As of Mar. 2024)

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What is Ester 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. Ester Industries's Revenue for the three months ended in Mar. 2024 was ₹2,767 Mil. Ester Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,473 Mil. Hence, Ester Industries's Receivables Turnover for the three months ended in Mar. 2024 was 1.88.

Ester Industries Receivables Turnover Historical Data

The historical data trend for Ester 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.

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Ester Industries Receivables Turnover Chart

Ester Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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8.48

7.26

6.44

6.46

7.12

Ester Industries 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															1.94	1.70	2.30	2.36	1.88

Competitive Comparison of Ester Industries's Receivables Turnover

For the Specialty Chemicals subindustry, Ester 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.

Ester Industries's Receivables Turnover Distribution in the Chemicals Industry

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

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

Ester Industries Receivables Turnover Calculation

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

Ester Industries'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 )
=	10634.465	/ (	(1515.311	+	1473.083)	/	2 )
=	10634.465	/	1494.197
=	7.12

Ester Industries'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 )
=	2767.332	/ (	(0	+	1473.083)	/	1 )
=	2767.332	/	1473.083
=	1.88

Ester Industries (NSE:ESTER) 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.

Ester Industries Receivables Turnover Related Terms

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Ester Industries (NSE:ESTER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ester Industries Ltd (NSE:ESTER) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

500136:India

Address

Plot No. 11, Block-A, Infocity-I, Sector 34, Gurgaon, HR, IND, 122001

Website

https://www.esterindustries.com

Ester Industries Ltd is engaged in the manufacturing of polyester films, specialty polymers, and engineering plastic compounds. It operates through three segments; Polyester chips and film; Speciality Polymers and Engineering Plastics. The company generates maximum revenue from the Polyester chips and film segment. The Polyester chips and film segment is used in primarily flexible packaging and other industrial applications. It serves food packaging; beverage packaging; home and personal care; industrial packaging; construction; automotive; electrical and electronics, carpet, and other industries. Geographically, it derives a majority of its revenue from India.

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