Natural Biocon (India) (BOM:543207) Receivables Turnover : 1.25 (As of Dec. 2023)

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What is Natural Biocon (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. Natural Biocon (India)'s Revenue for the three months ended in Dec. 2023 was ₹21.64 Mil. Natural Biocon (India)'s average Accounts Receivable for the three months ended in Dec. 2023 was ₹17.28 Mil. Hence, Natural Biocon (India)'s Receivables Turnover for the three months ended in Dec. 2023 was 1.25.

Natural Biocon (India) Receivables Turnover Historical Data

The historical data trend for Natural Biocon (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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Natural Biocon (India) Receivables Turnover Chart

Natural Biocon (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

0.49

0.23

0.95

2.24

Natural Biocon (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															0.79	0.67	0.43	1.88	1.25

Competitive Comparison of Natural Biocon (India)'s Receivables Turnover

For the Specialty Chemicals subindustry, Natural Biocon (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.

Natural Biocon (India)'s Receivables Turnover Distribution in the Chemicals Industry

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

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

Natural Biocon (India) Receivables Turnover Calculation

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

Natural Biocon (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 )
=	12.543	/ (	(4.924	+	6.282)	/	2 )
=	12.543	/	5.603
=	2.24

Natural Biocon (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 )
=	21.642	/ (	(17.28	+	0)	/	1 )
=	21.642	/	17.28
=	1.25

Natural Biocon (India) (BOM:543207) 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.

Natural Biocon (India) Receivables Turnover Related Terms

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Natural Biocon (India) (BOM:543207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Natural Biocon (India) Ltd (BOM:543207) » Definitions » Receivables Turnover

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Address

Iscon Temple Cross Road, S. G. Highway, 1007, Sankalp Iconic, Opposite Vikram Nagar, Ahmedabad, GJ, IND, 380054

Website

https://www.naturalbiocon.com

Natural Biocon (India) Ltd is engaged in the business of chemicals, natural extracts, and agricultural products. The company is a manufacturer of natural food colors. Its revenue stream is retail trading of commodities which are generated through the sale of chemicals in Ahmedabad and Mumbai. The Company generates revenue and operates within India.

Natural Biocon (India) (BOM:543207) Headlines

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