Styrenix Performance Materials (BOM:506222) Receivables Turnover : 2.02 (As of Mar. 2024)

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What is Styrenix Performance Materials 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. Styrenix Performance Materials's Revenue for the three months ended in Mar. 2024 was ₹5,987 Mil. Styrenix Performance Materials's average Accounts Receivable for the three months ended in Mar. 2024 was ₹2,969 Mil. Hence, Styrenix Performance Materials's Receivables Turnover for the three months ended in Mar. 2024 was 2.02.

Styrenix Performance Materials Receivables Turnover Historical Data

The historical data trend for Styrenix Performance Materials'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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Styrenix Performance Materials Receivables Turnover Chart

Styrenix Performance Materials Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.74

6.81

7.10

7.59

7.22

Styrenix Performance Materials 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															1.93	1.71	2.01	1.64	2.02

Competitive Comparison of Styrenix Performance Materials's Receivables Turnover

For the Chemicals subindustry, Styrenix Performance Materials'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.

Styrenix Performance Materials's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Styrenix Performance Materials's Receivables Turnover falls into.

Styrenix Performance Materials Receivables Turnover Calculation

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

Styrenix Performance Materials'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 )
=	22221.7	/ (	(3186.873	+	2968.7)	/	2 )
=	22221.7	/	3077.7865
=	7.22

Styrenix Performance Materials'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 )
=	5987.1	/ (	(0	+	2968.7)	/	1 )
=	5987.1	/	2968.7
=	2.02

Styrenix Performance Materials (BOM:506222) 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.

Styrenix Performance Materials Receivables Turnover Related Terms

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Styrenix Performance Materials (BOM:506222) Business Description

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STYRENIX:India

Address

Dr. Vikram Sarabhai Marg, 9th Floor, “Shiva”, Sarabhai Complex, Vadiwadi, Vadodara, GJ, IND, 390023

Website

https://www.styrenix.com

Styrenix Performance Materials Ltd is a producer of Absolac (ABS) and Absolan (SAN) in India. ABS is a plastic resin produced from acrylonitrile, butadiene, and styrene, used for manufacturing home appliances, automobiles, consumer durables, and machinery. Absolan(SAN) is a polymerized plastic resin produced from styrene and acrylonitrile and is mainly used for products such as lighting, stationery, novelties, refrigerators, and cosmetic packing. The company operates in two segments namely Specialties and Polystyrene, of which the majority of the revenue is generated from the Specialties segment. Specialties include ABS and SAN. All the business activities of the firm functioned throughout the region of India.

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