Punjab Chemicals & Crop Protection (BOM:506618) Receivables Turnover : 1.23 (As of Jun. 2024)

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What is Punjab Chemicals & Crop Protection 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. Punjab Chemicals & Crop Protection's Revenue for the three months ended in Jun. 2024 was ₹2,422 Mil. Punjab Chemicals & Crop Protection's average Accounts Receivable for the three months ended in Jun. 2024 was ₹1,974 Mil. Hence, Punjab Chemicals & Crop Protection's Receivables Turnover for the three months ended in Jun. 2024 was 1.23.

Punjab Chemicals & Crop Protection Receivables Turnover Historical Data

The historical data trend for Punjab Chemicals & Crop Protection'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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Punjab Chemicals & Crop Protection Receivables Turnover Chart

Punjab Chemicals & Crop Protection Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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9.76

10.11

9.37

7.67

5.36

Punjab Chemicals & Crop Protection Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															1.96	1.18	1.05	0.89	1.23

Competitive Comparison of Punjab Chemicals & Crop Protection's Receivables Turnover

For the Chemicals subindustry, Punjab Chemicals & Crop Protection'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.

Punjab Chemicals & Crop Protection's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Punjab Chemicals & Crop Protection's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Punjab Chemicals & Crop Protection's Receivables Turnover falls into.

Punjab Chemicals & Crop Protection Receivables Turnover Calculation

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

Punjab Chemicals & Crop Protection'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 )
=	9125.2	/ (	(1432.8	+	1974.3)	/	2 )
=	9125.2	/	1703.55
=	5.36

Punjab Chemicals & Crop Protection's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	2422.2	/ (	(1974.3	+	0)	/	1 )
=	2422.2	/	1974.3
=	1.23

Punjab Chemicals & Crop Protection (BOM:506618) 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.

Punjab Chemicals & Crop Protection Receivables Turnover Related Terms

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Punjab Chemicals & Crop Protection Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Punjab Chemicals & Crop Protection Ltd (BOM:506618) » Definitions » Receivables Turnover

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PUNJABCHEM:India

Address

New Link Road, Plot Number 645-646, Oberoi Chambers II, 5th Floor, Andheri (West), Mumbai, MH, IND, 400 053

Website

https://www.punjabchemicals.com

Punjab Chemicals & Crop Protection Ltd is involved in the chemical business. It provides technical and bulk agrochemicals, such as herbicides, insecticides, and fungicides; and pharmaceutical products, including APIs, intermediates, anti-oxidants, and fine chemicals, as well as intermediates for APIs; and industrial chemicals comprising phosphorus derivatives, oxalates, and intermediates. Geographically, the group has a business presence in India, Europe, Japan, and other countries, of which key revenue is derived from India. The firm operates in a single segment namely Performance Chemicals.

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