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Yash Chemex (BOM:539939) Receivables Turnover : 0.61 (As of Mar. 2024)


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What is Yash Chemex 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. Yash Chemex's Revenue for the three months ended in Mar. 2024 was ₹249.7 Mil. Yash Chemex's average Accounts Receivable for the three months ended in Mar. 2024 was ₹410.6 Mil. Hence, Yash Chemex's Receivables Turnover for the three months ended in Mar. 2024 was 0.61.


Yash Chemex Receivables Turnover Historical Data

The historical data trend for Yash Chemex'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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Yash Chemex Receivables Turnover Chart

Yash Chemex 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 2.43 1.70 2.58 2.31 2.53

Yash Chemex 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 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 1.15 0.94 0.37 0.37 0.61

Competitive Comparison of Yash Chemex's Receivables Turnover

For the Specialty Chemicals subindustry, Yash Chemex'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.


Yash Chemex's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Yash Chemex's Receivables Turnover falls into.



Yash Chemex Receivables Turnover Calculation

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

Yash Chemex'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 )
=949.092 / ((339.442 + 410.632) / 2 )
=949.092 / 375.037
=2.53

Yash Chemex'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 )
=249.685 / ((0 + 410.632) / 1 )
=249.685 / 410.632
=0.61

* 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.


Yash Chemex  (BOM:539939) 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.


Yash Chemex Receivables Turnover Related Terms

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Yash Chemex (BOM:539939) Business Description

Traded in Other Exchanges
N/A
Address
132 Feet Ring Road, 411, 4th Floor, Sigma Icon-1, Opposite Medilink Hospital, Satellite, Ahmedabad, GJ, IND, 380015
Yash Chemex Ltd is a chemical and dyes manufacturing and distribution company. The company's operating segment is the trading of chemicals. Through it's subsidiary, it also offers FMCG products like Perfume, Pocket Perfumes, Body Deodorant Sprays, Refreshing Toners, Hair-Re-Growth Oil, hand-made Natural Soaps and manufacturing of Industrial Dyes, Pigments Paste and Intermediates. Geographically, it derives a majority of revenue from India.

Yash Chemex (BOM:539939) Headlines

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