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DIC India (BOM:500089) Receivables Turnover : 0.93 (As of Dec. 2023)


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What is DIC 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. DIC India's Revenue for the three months ended in Dec. 2023 was ₹2,042 Mil. DIC India's average Accounts Receivable for the three months ended in Dec. 2023 was ₹2,202 Mil. Hence, DIC India's Receivables Turnover for the three months ended in Dec. 2023 was 0.93.


DIC India Receivables Turnover Historical Data

The historical data trend for DIC 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.

* Premium members only.

DIC India Receivables Turnover Chart

DIC India Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.53 3.17 3.57 3.59 3.51

DIC India 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.92 0.79 0.88 0.92 0.93

Competitive Comparison of DIC India's Receivables Turnover

For the Specialty Chemicals subindustry, DIC 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.


DIC India's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where DIC India's Receivables Turnover falls into.



DIC India Receivables Turnover Calculation

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

DIC India's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=8258.46 / ((2506.641 + 2201.549) / 2 )
=8258.46 / 2354.095
=3.51

DIC India'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 )
=2042.185 / ((0 + 2201.549) / 1 )
=2042.185 / 2201.549
=0.93

* 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.


DIC India  (BOM:500089) 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.


DIC India Receivables Turnover Related Terms

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DIC India (BOM:500089) Business Description

Traded in Other Exchanges
Address
Fusion Square, 5A-5B, Sector-126, 5th Floor, District Gautam Budh Nagar, Noida, UP, IND, 201303
DIC India Ltd is an India-based company engaged in the business of manufacturing printing inks that are used in newspapers, other publications, and packaging industries. It also offers lamination adhesive. The product portfolio of the company includes Gravur inks, Flexo inks, Adhesives, Specialty products and Paste inks. The company operates primarily within India.

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