Polylink Polymers (India) (BOM:531454) Receivables Turnover : 2.15 (As of Dec. 2023)

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What is Polylink Polymers (India) 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. Polylink Polymers (India)'s Revenue for the three months ended in Dec. 2023 was ₹186.6 Mil. Polylink Polymers (India)'s average Accounts Receivable for the three months ended in Dec. 2023 was ₹86.9 Mil. Hence, Polylink Polymers (India)'s Receivables Turnover for the three months ended in Dec. 2023 was 2.15.

Polylink Polymers (India) Receivables Turnover Historical Data

The historical data trend for Polylink Polymers (India)'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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Polylink Polymers (India) Receivables Turnover Chart

Polylink Polymers (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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6.29

5.93

5.02

5.39

6.33

Polylink Polymers (India) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.46	2.15	2.44	1.99	2.15

Competitive Comparison of Polylink Polymers (India)'s Receivables Turnover

For the Specialty Chemicals subindustry, Polylink Polymers (India)'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.

Polylink Polymers (India)'s Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Polylink Polymers (India)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Polylink Polymers (India)'s Receivables Turnover falls into.

Polylink Polymers (India) Receivables Turnover Calculation

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

Polylink Polymers (India)'s Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	499.458	/ (	(92.931	+	64.757)	/	2 )
=	499.458	/	78.844
=	6.33

Polylink Polymers (India)'s Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	186.643	/ (	(86.879	+	0)	/	1 )
=	186.643	/	86.879
=	2.15

Polylink Polymers (India) (BOM:531454) 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.

Polylink Polymers (India) Receivables Turnover Related Terms

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Polylink Polymers (India) (BOM:531454) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Polylink Polymers (India) Ltd (BOM:531454) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

506, Saffron Building, Near Center Point, Ambawadi, Ahmedabad, GJ, IND, 380006

Website

https://www.polylinkpolymers.com

Polylink Polymers (India) Ltd is engaged in the manufacture of polymer compounds. The company is predominantly engaged in only one segment being Polymeric Compounds business. It offers a range of products including Filled PP Compound for Plastic Chair and Engineering Applications, Black Masterbatches, Colour Masterbatches, Wire and Cable Compounds, Compounds for Cable Jointing Accessories, Additive Masterbatches, and Filler for Woven and Non-Woven. The company's wire and cable compounds are used in power and telecommunication cables; special compounds for cable accessories; addictive masterbatches; and cross-linked PE compounds for use in pipes. Geographically, it derives a majority of its revenue from India.

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