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TGV Sraac (BOM:507753) Receivables Turnover : 1.96 (As of Mar. 2024)


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What is TGV Sraac 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. TGV Sraac's Revenue for the three months ended in Mar. 2024 was ₹3,680 Mil. TGV Sraac's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,880 Mil. Hence, TGV Sraac's Receivables Turnover for the three months ended in Mar. 2024 was 1.96.


TGV Sraac Receivables Turnover Historical Data

The historical data trend for TGV Sraac'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.

TGV Sraac Receivables Turnover Chart

TGV Sraac Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.34 10.98 9.13 10.14 7.46

TGV Sraac 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.33 1.83 2.24 2.50 1.96

Competitive Comparison of TGV Sraac's Receivables Turnover

For the Chemicals subindustry, TGV Sraac'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.


TGV Sraac's Receivables Turnover Distribution in the Chemicals Industry

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

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



TGV Sraac Receivables Turnover Calculation

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

TGV Sraac'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 )
=15459.5 / ((2266.407 + 1880.3) / 2 )
=15459.5 / 2073.3535
=7.46

TGV Sraac'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 )
=3680 / ((0 + 1880.3) / 1 )
=3680 / 1880.3
=1.96

* 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.


TGV Sraac  (BOM:507753) 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.


TGV Sraac Receivables Turnover Related Terms

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TGV Sraac (BOM:507753) Business Description

Traded in Other Exchanges
N/A
Address
40-304, Krishna Jyothsna Complex, 2nd Floor, Bhagya Nagar, Kurnool, AP, IND, 518 004
TGV Sraac Ltd operates in the chemical business. The company has two segments namely Chemicals, Oils and Fats. The Chemical segment includes Caustic Soda Lye/ Flakes, Chlorine, Hydrochloric Acid, Potassium Hydroxide Lye/ Flakes and chloromethanes. Whereas Oils and Fats segment products consist of Hydrogenated Castor Oil, 12-Hydroxy Stearic Acid, Stearic Acid and Soap Noodles. It generates maximum revenue from the Chemicals segment.

TGV Sraac (BOM:507753) Headlines

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