Ganesh Benzoplast (BOM:500153) Receivables Turnover : 1.31 (As of Dec. 2024)

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What is Ganesh Benzoplast 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. Ganesh Benzoplast's Revenue for the three months ended in Dec. 2024 was ₹892 Mil. Ganesh Benzoplast's average Accounts Receivable for the three months ended in Dec. 2024 was ₹681 Mil. Hence, Ganesh Benzoplast's Receivables Turnover for the three months ended in Dec. 2024 was 1.31.

Ganesh Benzoplast Receivables Turnover Historical Data

The historical data trend for Ganesh Benzoplast'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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Ganesh Benzoplast Receivables Turnover Chart

Ganesh Benzoplast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.48

7.13

9.60

14.26

11.32

Ganesh Benzoplast Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															3.66	2.49	1.49	1.43	1.31

Competitive Comparison of Ganesh Benzoplast's Receivables Turnover

For the Specialty Chemicals subindustry, Ganesh Benzoplast'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.

Ganesh Benzoplast's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Ganesh Benzoplast's Receivables Turnover falls into.

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Ganesh Benzoplast Receivables Turnover Calculation

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

Ganesh Benzoplast'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 )
=	4770.77	/ (	(254.31	+	588.45)	/	2 )
=	4770.77	/	421.38
=	11.32

Ganesh Benzoplast's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	892.24	/ (	(680.73	+	0)	/	1 )
=	892.24	/	680.73
=	1.31

Ganesh Benzoplast (BOM:500153) 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.

Ganesh Benzoplast Receivables Turnover Related Terms

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Ganesh Benzoplast Business Description

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GANESHBE:India

Address

Off Western Express Highway, Laxmi Nagar, C501/502, 5th Floor, C-Wing, Lotus Corporate Park, Geetanjali Railway Colony, Goregaon (East), Mumbai, MH, IND, 400063

Website

https://www.ganeshbenzoplast.com

Ganesh Benzoplast Ltd is an India-based company involved in the manufacture and export of specialty chemicals. The company's products have applications in food and beverage, automobile, paints, lubricants, and pharmaceutical industries. The company operates through two divisions namely, the Liquid Storage Terminal and the Chemical manufacturing division. Liquid Storage Terminal division provides storage tanks that are leased on rent for storing liquid chemicals, acids, oil products, petrochemicals, and edible oils. It provides storage and handling solutions at three terminals namely JNPT(Nhava Sheva), Goa, and Cochin. The Chemical division manufactures and exports food preservatives and lubricant additives. It derives the majority of its revenue from the Liquid Storage Terminal segment.

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