Indian Acrylics (BOM:514165) Receivables Turnover : 7.01 (As of Dec. 2024)

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What is Indian Acrylics 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. Indian Acrylics's Revenue for the three months ended in Dec. 2024 was ₹964 Mil. Indian Acrylics's average Accounts Receivable for the three months ended in Dec. 2024 was ₹137 Mil. Hence, Indian Acrylics's Receivables Turnover for the three months ended in Dec. 2024 was 7.01.

Indian Acrylics Receivables Turnover Historical Data

The historical data trend for Indian Acrylics'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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Indian Acrylics Receivables Turnover Chart

Indian Acrylics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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23.57

24.42

30.03

35.10

24.04

Indian Acrylics Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															5.99	5.86	6.29	6.98	7.01

Competitive Comparison of Indian Acrylics's Receivables Turnover

For the Textile Manufacturing subindustry, Indian Acrylics'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.

Indian Acrylics's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Indian Acrylics's Receivables Turnover distribution charts can be found below:

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

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Indian Acrylics Receivables Turnover Calculation

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

Indian Acrylics'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 )
=	5461.629	/ (	(272.916	+	181.376)	/	2 )
=	5461.629	/	227.146
=	24.04

Indian Acrylics's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	963.626	/ (	(137.418	+	0)	/	1 )
=	963.626	/	137.418
=	7.01

Indian Acrylics (BOM:514165) 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.

Indian Acrylics Receivables Turnover Related Terms

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Indian Acrylics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Indian Acrylics Ltd (BOM:514165) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Madhya Marg, SCO 49-50-51, Sector 26, Chandigarh, IND, 160019

Website

https://www.indianacrylics.com

Indian Acrylics Ltd is a manufacturer of acrylic fibre and acrylic yarn in India. The company operates in two segments: Fibre, which includes Staple Fibre, Tow and Tops, and Yarn, which includes all kinds of Yarn manufactured and sold by the Company. Its products include Staple Fibre, Acrylic Fibre, Acrylic Tow, and Acrylic Tops. The majority of the revenue is generated in India and from the fibre segment and it exports to other countries as well.

Indian Acrylics Headlines

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