Grasim Industries (Grasim Industries) Receivables Turnover : 5.37 (As of Dec. 2023)

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What is Grasim 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. Grasim Industries's Revenue for the three months ended in Dec. 2023 was $3,840 Mil. Grasim Industries's average Accounts Receivable for the three months ended in Dec. 2023 was $716 Mil. Hence, Grasim Industries's Receivables Turnover for the three months ended in Dec. 2023 was 5.37.

Grasim Industries Receivables Turnover Historical Data

The historical data trend for Grasim 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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Grasim Industries Receivables Turnover Chart

Grasim Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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12.46

11.45

15.15

19.03

19.85

Grasim 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															5.00	5.53	5.25	5.08	5.37

Competitive Comparison of Grasim Industries's Receivables Turnover

For the Building Materials subindustry, Grasim 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.

Grasim Industries's Receivables Turnover Distribution in the Building Materials Industry

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

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

Grasim Industries Receivables Turnover Calculation

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

Grasim 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 )
=	14209.388	/ (	(712.612	+	719.017)	/	2 )
=	14209.388	/	715.8145
=	19.85

Grasim 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 )
=	3839.513	/ (	(715.564	+	0)	/	1 )
=	3839.513	/	715.564
=	5.37

Grasim Industries (OTCPK:GRSXY) 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.

Grasim Industries Receivables Turnover Related Terms

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Grasim Industries (Grasim Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Grasim Industries Ltd (OTCPK:GRSXY) » Definitions » Receivables Turnover

Traded in Other Exchanges

GRASIM:India 500300:India

Address

Sudam Kalu Ahire Marg, A Wing, 2nd Floor, Aditya Birla Centre, Worli, Mumbai, MH, IND, 400030

Website

https://www.grasim.com

Grasim Industries Ltd is a cement and viscose staple fibre (VSF) manufacturing firm based in India. The activities of the group fall under the operating segments of Viscose, Chemicals, Cement, Financial Services, and Others. It derives key revenue from the Cement segment which covers products like Grey Cement, White Cement and allied products. The viscose segment includes products such as Viscose Staple Fibre, Wood Pulp and Viscose Filament Yarn. Through the Chemicals segment, the group offers Caustic soda, Allied chemicals and Epoxy. Geographically, the company has a business presence in India and other countries, of which maximum revenue is generated within India.

Grasim Industries (Grasim Industries) Headlines

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Q3 2024 Grasim Industries Ltd Earnings Call Transcript

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