Balaji Amines (BOM:530999) Receivables Turnover : 1.08 (As of Dec. 2024)

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What is Balaji Amines 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. Balaji Amines's Revenue for the three months ended in Dec. 2024 was ₹3,127 Mil. Balaji Amines's average Accounts Receivable for the three months ended in Dec. 2024 was ₹2,908 Mil. Hence, Balaji Amines's Receivables Turnover for the three months ended in Dec. 2024 was 1.08.

Balaji Amines Receivables Turnover Historical Data

The historical data trend for Balaji Amines'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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Balaji Amines Receivables Turnover Chart

Balaji Amines Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.00

5.11

5.16

4.83

4.61

Balaji Amines 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															1.10	1.19	1.20	1.19	1.08

Competitive Comparison of Balaji Amines's Receivables Turnover

For the Specialty Chemicals subindustry, Balaji Amines'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.

Balaji Amines's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Balaji Amines's Receivables Turnover falls into.

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Balaji Amines Receivables Turnover Calculation

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

Balaji Amines'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 )
=	16083.432	/ (	(3778.037	+	3193.989)	/	2 )
=	16083.432	/	3486.013
=	4.61

Balaji Amines'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 )
=	3127.284	/ (	(2908.435	+	0)	/	1 )
=	3127.284	/	2908.435
=	1.08

Balaji Amines (BOM:530999) 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.

Balaji Amines Receivables Turnover Related Terms

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Balaji Amines Business Description

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BALAMINES:India

Address

Plot No. 47, Kavuri Hills, Balaji Bhawan, Behind Jubilee Ridge Hotel, Madhapur, Hyderabad, TG, IND, 500 003

Website

https://www.balajiamines.com

Balaji Amines Ltd manufactures Methylamines, Ethylamine, Derivatives of specialty chemicals, and Pharma Excipients. The business activity of the firm is operated through the Chemicals and Hotel segments. The products of the company include Monoethylamine, Diethylamine, Triethylamine, Dimethyl amino ethanol, Diethyl amino ethanol, and others. In addition, it offers specialty chemicals such as N-Methyl Pyrrolidone, Morpholine, Dimethylformamide, Gamma-Butyrolactone, and others. The company derives key revenue from the Chemicals segment. All the business activity is operated in India.

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