GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tirupati Starch & Chemicals Ltd (BOM:524582) » Definitions » Receivables Turnover

Tirupati Starch & Chemicals (BOM:524582) Receivables Turnover : 2.40 (As of Mar. 2024)


View and export this data going back to 1994. Start your Free Trial

What is Tirupati Starch & 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. Tirupati Starch & Chemicals's Revenue for the three months ended in Mar. 2024 was ₹825 Mil. Tirupati Starch & Chemicals's average Accounts Receivable for the three months ended in Mar. 2024 was ₹344 Mil. Hence, Tirupati Starch & Chemicals's Receivables Turnover for the three months ended in Mar. 2024 was 2.40.


Tirupati Starch & Chemicals Receivables Turnover Historical Data

The historical data trend for Tirupati Starch & 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.

* Premium members only.

Tirupati Starch & Chemicals Receivables Turnover Chart

Tirupati Starch & 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 8.34 7.59 11.44 11.47 9.08

Tirupati Starch & Chemicals 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 2.60 2.28 2.08 2.93 2.40

Competitive Comparison of Tirupati Starch & Chemicals's Receivables Turnover

For the Packaged Foods subindustry, Tirupati Starch & 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.


Tirupati Starch & Chemicals's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tirupati Starch & Chemicals's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tirupati Starch & Chemicals's Receivables Turnover falls into.



Tirupati Starch & Chemicals Receivables Turnover Calculation

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

Tirupati Starch & 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 )
=3061.146 / ((330.537 + 344.016) / 2 )
=3061.146 / 337.2765
=9.08

Tirupati Starch & Chemicals'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 )
=824.812 / ((0 + 344.016) / 1 )
=824.812 / 344.016
=2.40

* 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.


Tirupati Starch & Chemicals  (BOM:524582) 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.


Tirupati Starch & Chemicals Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Tirupati Starch & Chemicals's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Tirupati Starch & Chemicals (BOM:524582) Business Description

Traded in Other Exchanges
N/A
Address
12, Agrawal Nagar, Main Road, Shreeram Chambers, 1st Floor, Indore, MP, IND, 452001
Tirupati Starch & Chemicals Ltd operates in the starch industry. The company is engaged in developing, manufacturing and distribution of Maize Starch Powder, Dextrose Anhydrous, Starch, White Dextrin, Yellow Dextrin as its main products and its by products in local as well as international market.

Tirupati Starch & Chemicals (BOM:524582) Headlines

No Headlines