G M Polyplast (BOM:543239) Receivables Turnover : 2.41 (As of Mar. 2024)

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What is G M 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. G M Polyplast's Revenue for the six months ended in Mar. 2024 was ₹486.8 Mil. G M Polyplast's average Accounts Receivable for the six months ended in Mar. 2024 was ₹202.2 Mil. Hence, G M Polyplast's Receivables Turnover for the six months ended in Mar. 2024 was 2.41.

G M Polyplast Receivables Turnover Historical Data

The historical data trend for G M 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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G M Polyplast Receivables Turnover Chart

G M Polyplast Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.83

3.99

4.80

5.06

5.36

G M Polyplast Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial						2.80	2.46	2.30	2.35	2.41

Competitive Comparison of G M Polyplast's Receivables Turnover

For the Specialty Chemicals subindustry, G M 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.

G M Polyplast's Receivables Turnover Distribution in the Chemicals Industry

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

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

G M Polyplast Receivables Turnover Calculation

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

G M 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 )
=	920.191	/ (	(154.065	+	189.525)	/	2 )
=	920.191	/	171.795
=	5.36

G M 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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	486.786	/ (	(214.931	+	189.525)	/	2 )
=	486.786	/	202.228
=	2.41

G M Polyplast (BOM:543239) 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.

G M Polyplast Receivables Turnover Related Terms

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G M Polyplast (BOM:543239) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » G M Polyplast Ltd (BOM:543239) » Definitions » Receivables Turnover

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Address

Kondiviti Road, Near Camlin, A/66, New Empire Industial Estate, JB Nagar andheri (East), Mumbai, MH, IND, 400059

Website

https://www.gmpolyplast.com

G M Polyplast Ltd is a manufacturer of HIPS, ABS, PET, PP, HDPE Sheets, and Granules. The company's products include Sheet - ABS sheets, HIPS sheets, PET sheets, HDPE sheets, PP sheets, and ESD materials and Granule - PP granule, ABS granule, HIPS granule, & HDPE granules.

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