Ion Exchange (India) (BOM:500214) Receivables Turnover : 0.91 (As of Mar. 2023)

View and export this data going back to 1992. Start your Free Trial

What is Ion Exchange (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. Ion Exchange (India)'s Revenue for the six months ended in Mar. 2023 was ₹6,365 Mil. Ion Exchange (India)'s average Accounts Receivable for the six months ended in Mar. 2023 was ₹6,022 Mil. Hence, Ion Exchange (India)'s Receivables Turnover for the six months ended in Mar. 2023 was 1.06.

Ion Exchange (India) Receivables Turnover Historical Data

The historical data trend for Ion Exchange (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.

Ion Exchange (India) Receivables Turnover Chart

Ion Exchange (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

2.68

3.15

3.04

3.27

3.29

Ion Exchange (India) Semi-Annual Data
	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Receivables Turnover	Get a 7-Day Free Trial									1.00	0.66	0.98	0.95	0.91

Competitive Comparison of Ion Exchange (India)'s Receivables Turnover

For the Pollution & Treatment Controls subindustry, Ion Exchange (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.

Ion Exchange (India)'s Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ion Exchange (India)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ion Exchange (India)'s Receivables Turnover falls into.

Ion Exchange (India) Receivables Turnover Calculation

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

Ion Exchange (India)'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 )
=	19785.984	/ (	(5077.005	+	6967.925)	/	2 )
=	19785.984	/	6022.465
=	3.29

Ion Exchange (India)'s Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	6364.684	/ (	(5077.005	+	6967.925)	/	2 )
=	6364.684	/	6022.465
=	1.06

Ion Exchange (India) (BOM:500214) 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.

Ion Exchange (India) Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Ion Exchange (India)'s Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Ion Exchange (India) (BOM:500214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ion Exchange (India) Ltd (BOM:500214) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

IONEXCHANG:India

Address

Dr. E. Moses Road, Ion House, Mahalaxmi, Mumbai, MH, IND, 400011

Website

https://www.ionindia.com

Ion Exchange (India) Ltd is a water solution provider. The principal activities of the company consist of the construction and maintenance of water treatment plants, wastewater treatment, manufacturing resins, specialty chemicals for water, recycling, zero liquid discharge, sewage treatment, packaged drinking water, sea water desalination, etc. The company operates its business through the Engineering division, which is a key revenue driver that comprises water treatment plants, spares, and services in connection with the plants; the Chemicals segment consists of resins, water treatment chemicals, sugar chemicals, and paper chemicals; and the Consumer Products segment comprises domestic water purifiers. The company caters to both domestic and international markets.

Ion Exchange (India) (BOM:500214) Headlines

No Headlines