Greenpanel Industries (BOM:542857) Receivables Turnover : 13.54 (As of Mar. 2024)

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What is Greenpanel Industries 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. Greenpanel Industries's Revenue for the three months ended in Mar. 2024 was ₹3,933 Mil. Greenpanel Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₹290 Mil. Hence, Greenpanel Industries's Receivables Turnover for the three months ended in Mar. 2024 was 13.54.

Greenpanel Industries Receivables Turnover Historical Data

The historical data trend for Greenpanel Industries'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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Greenpanel Industries Receivables Turnover Chart

Greenpanel Industries Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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14.59

13.50

27.27

41.44

42.59

Greenpanel Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															9.51	9.85	11.41	15.14	13.54

Competitive Comparison of Greenpanel Industries's Receivables Turnover

For the Lumber & Wood Production subindustry, Greenpanel Industries'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.

Greenpanel Industries's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Greenpanel Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Greenpanel Industries's Receivables Turnover falls into.

Greenpanel Industries Receivables Turnover Calculation

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

Greenpanel Industries'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 )
=	15639.281	/ (	(443.973	+	290.419)	/	2 )
=	15639.281	/	367.196
=	42.59

Greenpanel Industries'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 )
=	3932.76	/ (	(0	+	290.419)	/	1 )
=	3932.76	/	290.419
=	13.54

Greenpanel Industries (BOM:542857) 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.

Greenpanel Industries Receivables Turnover Related Terms

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Greenpanel Industries (BOM:542857) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Greenpanel Industries Ltd (BOM:542857) » Definitions » Receivables Turnover

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GREENPANEL:India

Address

163, S.P. Mukherjee Road, Thapar House, 2nd Floor, Kolkata, WB, IND, 700 026

Website

https://www.greenpanel.com

Greenpanel Industries Ltd is a manufacturer of wood panels. It offers products such as Medium Density Fibre Boards, Plywood, Block Boards, Veneers, Wood Floors, and Doors. The operating segment of the company includes Plywood and allied products and Medium density fibreboards and allied products. The company generates maximum revenue from Medium density fibreboards and allied products segment. Geographically, it derives a majority of its revenue from India.

Greenpanel Industries (BOM:542857) Headlines

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