IVP (BOM:507580) Receivables Turnover : 0.81 (As of Jun. 2024)

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What is IVP 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. IVP's Revenue for the three months ended in Jun. 2024 was ₹1,383 Mil. IVP's average Accounts Receivable for the three months ended in Jun. 2024 was ₹1,713 Mil. Hence, IVP's Receivables Turnover for the three months ended in Jun. 2024 was 0.81.

IVP Receivables Turnover Historical Data

The historical data trend for IVP'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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IVP Receivables Turnover Chart

IVP Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.12

2.50

3.20

3.17

2.88

IVP 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															0.67	0.84	0.73	0.83	0.81

Competitive Comparison of IVP's Receivables Turnover

For the Specialty Chemicals subindustry, IVP'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.

IVP's Receivables Turnover Distribution in the Chemicals Industry

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

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

IVP Receivables Turnover Calculation

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

IVP'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 )
=	5452.6	/ (	(2076.2	+	1713.4)	/	2 )
=	5452.6	/	1894.8
=	2.88

IVP'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 )
=	1382.6	/ (	(1713.4	+	0)	/	1 )
=	1382.6	/	1713.4
=	0.81

IVP (BOM:507580) 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.

IVP Receivables Turnover Related Terms

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IVP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » IVP Ltd (BOM:507580) » Definitions » Receivables Turnover

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IVP:India

Address

Shashikant Narayan Redij Marg, Ghorupdeo, Mumbai, MH, IND, 400 033

Website

https://www.ivpindia.com

IVP Ltd is a manufacturer and exporter of foundry chemicals, castings, and allied products. Its products include Binders, Coatings, Polyurethane, and other additives used in the foundry and non-foundry industries. The resins products of the company are for application in diverse fields such as foundry, composites, insulation, and refractory, the coatings products of the company serve the needs of the foundry industry with numerous refractory-based products while the allied products consist of miscellaneous products for use in both ferrous and non-ferrous foundries. The reportable segment of the company is the Manufacturing of Chemicals.

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