Everest Organics (BOM:524790) Receivables Turnover : 0.46 (As of Dec. 2024)

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What is Everest Organics 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. Everest Organics's Revenue for the three months ended in Dec. 2024 was ₹421 Mil. Everest Organics's average Accounts Receivable for the three months ended in Dec. 2024 was ₹912 Mil. Hence, Everest Organics's Receivables Turnover for the three months ended in Dec. 2024 was 0.46.

Everest Organics Receivables Turnover Historical Data

The historical data trend for Everest Organics'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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Everest Organics Receivables Turnover Chart

Everest Organics Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.93

3.83

3.36

2.53

2.24

Everest Organics Quarterly Data
	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial													0.58	0.55	0.33	0.46	0.46

Competitive Comparison of Everest Organics's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Everest Organics'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.

Everest Organics's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Everest Organics's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Everest Organics's Receivables Turnover falls into.

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Everest Organics Receivables Turnover Calculation

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

Everest Organics'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 )
=	1972.412	/ (	(763.34	+	1000.854)	/	2 )
=	1972.412	/	882.097
=	2.24

Everest Organics'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 )
=	420.511	/ (	(912.16	+	0)	/	1 )
=	420.511	/	912.16
=	0.46

Everest Organics (BOM:524790) 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.

Everest Organics Receivables Turnover Related Terms

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Everest Organics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Everest Organics Ltd (BOM:524790) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Opposite Madhapur Police Station Road, 1st Floor, Amar Co-Operative Society, Lakeview Plaza, Plot No. 127 and 128, Near Durgam Cheruvu, Madhapur, Hyderabad, TG, IND, 500 033

Website

https://www.everestorganicsltd.com

Everest Organics Ltd is a pharmaceutical company. It is focused on manufacturing active pharmaceutical ingredients and intermediaries. The products offered by the company include Omeprazole, Ciprofloxacin, Dichloroflurobenzene, Naproxen, Benzimadizole, and others. The company operates in one primary business segment namely Active Pharmaceutical Ingredients (API) and their intermediaries. Geographically, it derives a majority of its revenue from India.

Everest Organics Headlines

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