Captain Polyplast (BOM:536974) Receivables Turnover : 0.39 (As of Mar. 2024)

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What is Captain Polyplast 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. Captain Polyplast's Revenue for the three months ended in Mar. 2024 was ₹688 Mil. Captain Polyplast's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,766 Mil. Hence, Captain Polyplast's Receivables Turnover for the three months ended in Mar. 2024 was 0.39.

Captain Polyplast Receivables Turnover Historical Data

The historical data trend for Captain Polyplast'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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Captain Polyplast Receivables Turnover Chart

Captain Polyplast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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1.97

1.69

1.65

1.98

2.00

Captain Polyplast 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															0.65	0.62	0.44	0.51	0.39

Competitive Comparison of Captain Polyplast's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Captain Polyplast'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.

Captain Polyplast's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Captain Polyplast's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Captain Polyplast's Receivables Turnover falls into.

Captain Polyplast Receivables Turnover Calculation

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

Captain Polyplast'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 )
=	2943.21	/ (	(1180.357	+	1766.066)	/	2 )
=	2943.21	/	1473.2115
=	2.00

Captain Polyplast'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 )
=	687.717	/ (	(0	+	1766.066)	/	1 )
=	687.717	/	1766.066
=	0.39

Captain Polyplast (BOM:536974) 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.

Captain Polyplast Receivables Turnover Related Terms

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Captain Polyplast (BOM:536974) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Captain Polyplast Ltd (BOM:536974) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Survey No. 267, Plot No. 10A, 10B and 11, N.H. No.27, Captain Gate, Shapar - Veraval, Rajkot, GJ, IND, 360 024

Website

https://www.captainpolyplast.com

Captain Polyplast Ltd is engaged in the business of manufacturing and selling micro-irrigation systems and allied products. The segments include Manufacturing of Micro Irrigation Systems & Allied Products and DCA cum CS of Indian Oil Corporation Ltd. (IOCL) - PolymerBusiness. Its products include Irrigation Equipments including drip irrigation system, irrigation laterals, compression fittings, valves, irrigation filters, venturi injectors, sprinkler irrigation system, mini sprinkler irrigation system, greenhouse, and mulch films; Solar System including solar water pumping system, solar fence energizer, solar water heater, solar street light system; Fertilizer; Polymer; and Pipes and Fittings. The majority of the revenue is from the Micro Irrigation Systems & Allied Products segment.

Captain Polyplast (BOM:536974) Headlines

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