Time Technoplast (BOM:532856) Receivables Turnover : 1.23 (As of Dec. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Time Technoplast 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. Time Technoplast's Revenue for the three months ended in Dec. 2024 was ₹13,877 Mil. Time Technoplast's average Accounts Receivable for the three months ended in Dec. 2024 was ₹11,262 Mil. Hence, Time Technoplast's Receivables Turnover for the three months ended in Dec. 2024 was 1.23.

Time Technoplast Receivables Turnover Historical Data

The historical data trend for Time Technoplast'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.

* Premium members only.

Time Technoplast Receivables Turnover Chart

Time Technoplast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

4.46

3.71

4.38

4.74

4.93

Time Technoplast 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															1.36	1.29	1.14	1.22	1.23

Competitive Comparison of Time Technoplast's Receivables Turnover

For the Packaging & Containers subindustry, Time Technoplast'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.

Time Technoplast's Receivables Turnover Distribution in the Packaging & Containers Industry

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

* The bar in red indicates where Time Technoplast's Receivables Turnover falls into.

Save Embed

;

Save Embed

;

Time Technoplast Receivables Turnover Calculation

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

Time Technoplast'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 )
=	49925.007	/ (	(9430.067	+	10820.862)	/	2 )
=	49925.007	/	10125.4645
=	4.93

Time Technoplast'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 )
=	13877.4	/ (	(11261.6	+	0)	/	1 )
=	13877.4	/	11261.6
=	1.23

Time Technoplast (BOM:532856) 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.

Time Technoplast Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Time Technoplast's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Time Technoplast Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Time Technoplast Ltd (BOM:532856) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TIMETECHNO:India

Address

55, Corporate Avenue, Saki Vihar Road, 2nd Floor, Andheri (East), Mumbai, MH, IND, 400072

Website

https://www.timetechnoplast.com

Time Technoplast Ltd is a packaging solutions provider. It offers industrial packaging products, infrastructure products, technical products, material handling products, and composite cylinders. Its services are divided into two groups; Polymer and Composite products. The Polymer segment is the company's core segment and generates maximum revenues. The Composite products segment provides products such as pressure pipes, prefabricated shelters, and energy storage devices. Apart from India. It has operational footprints in UAE, Bahrain, Egypt, Thailand, Vietnam, Malaysia, Indonesia, the United States, and Taiwan.

Time Technoplast Headlines

No Headlines