Orient Ceratech (BOM:504879) Receivables Turnover : 1.05 (As of Mar. 2024)

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What is Orient Ceratech 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. Orient Ceratech's Revenue for the three months ended in Mar. 2024 was ₹826 Mil. Orient Ceratech's average Accounts Receivable for the three months ended in Mar. 2024 was ₹789 Mil. Hence, Orient Ceratech's Receivables Turnover for the three months ended in Mar. 2024 was 1.05.

Orient Ceratech Receivables Turnover Historical Data

The historical data trend for Orient Ceratech'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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Orient Ceratech Receivables Turnover Chart

Orient Ceratech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.95

3.07

2.99

4.07

4.12

Orient Ceratech 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															1.19	0.99	0.97	0.88	1.05

Competitive Comparison of Orient Ceratech's Receivables Turnover

For the Specialty Chemicals subindustry, Orient Ceratech'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.

Orient Ceratech's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Orient Ceratech's Receivables Turnover falls into.

Orient Ceratech Receivables Turnover Calculation

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

Orient Ceratech'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 )
=	3133.66	/ (	(732.061	+	789.443)	/	2 )
=	3133.66	/	760.752
=	4.12

Orient Ceratech'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 )
=	826.1	/ (	(0	+	789.443)	/	1 )
=	826.1	/	789.443
=	1.05

Orient Ceratech (BOM:504879) 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.

Orient Ceratech Receivables Turnover Related Terms

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Orient Ceratech (BOM:504879) Business Description

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ORIENTCER:India

Address

D.N. Road, Jeevan Udyog Building, 2nd Floor, 278, Fort, Mumbai, MH, IND, 400 001

Website

https://www.orientabrasives.com

Orient Ceratech Ltd is an Indian-based company. It has two reportable segments: Alumina Refactories, Monolithics products, and bauxite ores, which are the key revenue driver; and Power generation. Alumina Refractories and Monolithics products manufacture calcined bauxite, fused aluminum oxide abrasive grains, and low cement castables which are mainly consumed in steel plants. The company also has a thermal power plant, furnace oil-based power plant, and windmills. The power generated from the thermal power plant and furnace oil-based power plant is captively consumed at the plant and power generated from windmills is sold to the respective state power distribution companies.

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