Tatva Chintan Pharma Chem (BOM:543321) Receivables Turnover : 1.41 (As of Mar. 2024)

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What is Tatva Chintan Pharma Chem 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. Tatva Chintan Pharma Chem's Revenue for the three months ended in Mar. 2024 was ₹983 Mil. Tatva Chintan Pharma Chem's average Accounts Receivable for the three months ended in Mar. 2024 was ₹699 Mil. Hence, Tatva Chintan Pharma Chem's Receivables Turnover for the three months ended in Mar. 2024 was 1.41.

Tatva Chintan Pharma Chem Receivables Turnover Historical Data

The historical data trend for Tatva Chintan Pharma Chem'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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Tatva Chintan Pharma Chem Receivables Turnover Chart

Tatva Chintan Pharma Chem Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.67

4.23

5.85

6.01

5.10

Tatva Chintan Pharma Chem Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												1.48	1.35	1.62	1.41	1.41

Competitive Comparison of Tatva Chintan Pharma Chem's Receivables Turnover

For the Specialty Chemicals subindustry, Tatva Chintan Pharma Chem'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.

Tatva Chintan Pharma Chem's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tatva Chintan Pharma Chem's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tatva Chintan Pharma Chem's Receivables Turnover falls into.

Tatva Chintan Pharma Chem Receivables Turnover Calculation

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

Tatva Chintan Pharma Chem'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 )
=	3935.04	/ (	(844.03	+	698.52)	/	2 )
=	3935.04	/	771.275
=	5.10

Tatva Chintan Pharma Chem'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 )
=	982.66	/ (	(0	+	698.52)	/	1 )
=	982.66	/	698.52
=	1.41

Tatva Chintan Pharma Chem (BOM:543321) 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.

Tatva Chintan Pharma Chem Receivables Turnover Related Terms

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Tatva Chintan Pharma Chem (BOM:543321) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tatva Chintan Pharma Chem Ltd (BOM:543321) » Definitions » Receivables Turnover

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TATVA:India

Address

Plot No. 353, Makarpura GIDC, Vadodara, GJ, IND, 390010

Website

https://www.tatvachintan.com

Tatva Chintan Pharma Chem Ltd is a specialty chemicals manufacturing company engaged in the manufacturing and selling of specialty chemicals, Pharma and Agro intermediates, Quaternary Compounds, and Quats. The company's product portfolio includes structure-directing agents, phase transfer catalysts, electrolyte salts for supercapacitor batteries, pharmaceutical and agrochemical intermediates and other specialty chemicals. The company sells its products in domestic as well as overseas markets, with the majority of revenue coming from overseas markets.

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