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Haryana Leather Chemicals (BOM:524080) Receivables Turnover : 1.34 (As of Dec. 2024)


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What is Haryana Leather Chemicals 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. Haryana Leather Chemicals's Revenue for the three months ended in Dec. 2024 was ₹126.0 Mil. Haryana Leather Chemicals's average Accounts Receivable for the three months ended in Dec. 2024 was ₹93.9 Mil. Hence, Haryana Leather Chemicals's Receivables Turnover for the three months ended in Dec. 2024 was 1.34.


Haryana Leather Chemicals Receivables Turnover Historical Data

The historical data trend for Haryana Leather Chemicals'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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Haryana Leather Chemicals Receivables Turnover Chart

Haryana Leather Chemicals 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 3.82 3.24 4.31 4.26 4.62

Haryana Leather Chemicals 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 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 1.00 1.22 1.30 1.15 1.34

Competitive Comparison of Haryana Leather Chemicals's Receivables Turnover

For the Specialty Chemicals subindustry, Haryana Leather Chemicals'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.


Haryana Leather Chemicals's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Haryana Leather Chemicals's Receivables Turnover falls into.


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Haryana Leather Chemicals Receivables Turnover Calculation

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

Haryana Leather Chemicals'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 )
=444.219 / ((98.811 + 93.492) / 2 )
=444.219 / 96.1515
=4.62

Haryana Leather Chemicals'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 )
=125.996 / ((93.9 + 0) / 1 )
=125.996 / 93.9
=1.34

* 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.


Haryana Leather Chemicals  (BOM:524080) 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.


Haryana Leather Chemicals Receivables Turnover Related Terms

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Haryana Leather Chemicals Business Description

Traded in Other Exchanges
N/A
Address
1405 - B, Signature Towers, South City - I, Gurugram, HR, IND, 122001
Haryana Leather Chemicals Ltd manufactures and sells specialty chemicals. The company's product profile includes Leather chemicals, PVC Additives, Textile Binders, Adhesives, Footwear Finishes, and others. It is in the business of manufacturing of leather chemicals which is the only reportable business segment.

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