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TPL Plastech (BOM:526582) Receivables Turnover : 1.51 (As of Mar. 2024)


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What is TPL Plastech 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. TPL Plastech's Revenue for the three months ended in Mar. 2024 was ₹827 Mil. TPL Plastech's average Accounts Receivable for the three months ended in Mar. 2024 was ₹548 Mil. Hence, TPL Plastech's Receivables Turnover for the three months ended in Mar. 2024 was 1.51.


TPL Plastech Receivables Turnover Historical Data

The historical data trend for TPL Plastech'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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TPL Plastech Receivables Turnover Chart

TPL Plastech 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 134.88 57.83 66.80 121.94 11.06

TPL Plastech 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 39.48 37.84 1.45 1.53 1.51

Competitive Comparison of TPL Plastech's Receivables Turnover

For the Packaging & Containers subindustry, TPL Plastech'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.


TPL Plastech's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, TPL Plastech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TPL Plastech's Receivables Turnover falls into.



TPL Plastech Receivables Turnover Calculation

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

TPL Plastech'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 )
=3129.058 / ((18.258 + 547.689) / 2 )
=3129.058 / 282.9735
=11.06

TPL Plastech'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 )
=827.335 / ((0 + 547.689) / 1 )
=827.335 / 547.689
=1.51

* 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.


TPL Plastech  (BOM:526582) 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.


TPL Plastech Receivables Turnover Related Terms

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TPL Plastech (BOM:526582) Business Description

Traded in Other Exchanges
Address
Andheri Kurla Road, 203, 2nd Floor, Centre Point, Near J B Nagar Chakala Metro Station, J B Nagar, , Andheri (East), Mumbai, MH, IND, 400059
TPL Plastech Ltd is a manufacturer of plastic drums in India. The company's product includes Narrow mouth drums; Narrow mouth and Wide Mouth Carboys; Open Top Drums - Bulk and Medium; QuBC and COBO IBC and small pack. The Company's operations fall under a single segment which is Polymer Products and all its business operations are in India.

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