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Ishan Dyes and Chemicals (BOM:531109) Receivables Turnover : 0.70 (As of Dec. 2024)


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What is Ishan Dyes and 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. Ishan Dyes and Chemicals's Revenue for the three months ended in Dec. 2024 was ₹212 Mil. Ishan Dyes and Chemicals's average Accounts Receivable for the three months ended in Dec. 2024 was ₹304 Mil. Hence, Ishan Dyes and Chemicals's Receivables Turnover for the three months ended in Dec. 2024 was 0.70.


Ishan Dyes and Chemicals Receivables Turnover Historical Data

The historical data trend for Ishan Dyes and 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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Ishan Dyes and Chemicals Receivables Turnover Chart

Ishan Dyes and 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 5.14 3.60 2.85 2.72 4.09

Ishan Dyes and 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 0.57 1.07 1.33 1.01 0.70

Competitive Comparison of Ishan Dyes and Chemicals's Receivables Turnover

For the Chemicals subindustry, Ishan Dyes and 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.


Ishan Dyes and Chemicals's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Ishan Dyes and Chemicals's Receivables Turnover falls into.


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Ishan Dyes and Chemicals Receivables Turnover Calculation

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

Ishan Dyes and 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 )
=766.689 / ((127.387 + 247.173) / 2 )
=766.689 / 187.28
=4.09

Ishan Dyes and 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 )
=211.856 / ((303.987 + 0) / 1 )
=211.856 / 303.987
=0.70

* 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.


Ishan Dyes and Chemicals  (BOM:531109) 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.


Ishan Dyes and Chemicals Receivables Turnover Related Terms

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Ishan Dyes and Chemicals Business Description

Traded in Other Exchanges
Address
18, G.I.D.C Estate, Phase - 1, Vatva, Ahmedabad, GJ, IND, 382 445
Ishan Dyes and Chemicals Ltd is an India-based company that manufactures chemicals. The company's principal product includes Phthalocyanine blue products. It offers various categories of products such as CPC Blue, Pigment Alpha Blues, and Pigment Beta Blue. In addition, the company manufactures a range of solvent dyes that are soluble in organic solvents. It provides phthalocyanine blue pigments for plastics, water base, and offset inks and paint.

Ishan Dyes and Chemicals Headlines

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