AVT Natural Products (BOM:519105) Receivables Turnover : 1.09 (As of Dec. 2023)

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What is AVT Natural Products 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. AVT Natural Products's Revenue for the three months ended in Dec. 2023 was ₹1,542 Mil. AVT Natural Products's average Accounts Receivable for the three months ended in Dec. 2023 was ₹1,418 Mil. Hence, AVT Natural Products's Receivables Turnover for the three months ended in Dec. 2023 was 1.09.

AVT Natural Products Receivables Turnover Historical Data

The historical data trend for AVT Natural Products'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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AVT Natural Products Receivables Turnover Chart

AVT Natural Products Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.67

5.05

5.46

5.42

5.21

AVT Natural Products Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.80	1.11	0.85	0.95	1.09

Competitive Comparison of AVT Natural Products's Receivables Turnover

For the Specialty Chemicals subindustry, AVT Natural Products'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.

AVT Natural Products's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where AVT Natural Products's Receivables Turnover falls into.

AVT Natural Products Receivables Turnover Calculation

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

AVT Natural Products's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	5821.657	/ (	(1021.197	+	1213.957)	/	2 )
=	5821.657	/	1117.577
=	5.21

AVT Natural Products's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1541.921	/ (	(1418.099	+	0)	/	1 )
=	1541.921	/	1418.099
=	1.09

AVT Natural Products (BOM:519105) 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.

AVT Natural Products Receivables Turnover Related Terms

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AVT Natural Products (BOM:519105) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AVT Natural Products Ltd (BOM:519105) » Definitions » Receivables Turnover

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AVTNPL:India

Address

60, Rukmani Lakshmipathy Salai, Egmore, Chennai, TN, IND, 600 008

Website

https://www.avtnatural.com

AVT Natural Products Ltd is engaged in the business segment of Food & Feed Ingredients from Natural Raw materials. It manufactures plant-based extracts and natural ingredients solutions for the food, beverage, animal nutrition and nutraceutical industries. There are five business categories: Marigold Extracts for Eye Care, Food Coloring & Poultry Pigmentation; Spice oleoresins and Oils for Food Colouring and Flavouring, Value added Teas - Decaffeinated Teas and Instant Teas; Animal Health & Nutrition Products and Rosemary extract. Geographically, the group has a business presence in India and other countries, of which key revenue is generated from other countries.

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