Bhatia Colour Chem (BOM:543497) Receivables Turnover : 0.79 (As of Mar. 2024)

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What is Bhatia Colour 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. Bhatia Colour Chem's Revenue for the six months ended in Mar. 2024 was ₹608 Mil. Bhatia Colour Chem's average Accounts Receivable for the six months ended in Mar. 2024 was ₹767 Mil. Hence, Bhatia Colour Chem's Receivables Turnover for the six months ended in Mar. 2024 was 0.79.

Bhatia Colour Chem Receivables Turnover Historical Data

The historical data trend for Bhatia Colour 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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Bhatia Colour Chem Receivables Turnover Chart

Bhatia Colour Chem Annual Data

Trend

Mar22

Mar23

Mar24

Receivables Turnover

0.16

1.23

1.42

Bhatia Colour Chem Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			0.16	0.57	0.67	0.60	0.79

Competitive Comparison of Bhatia Colour Chem's Receivables Turnover

For the Specialty Chemicals subindustry, Bhatia Colour 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.

Bhatia Colour Chem's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Bhatia Colour Chem's Receivables Turnover falls into.

Bhatia Colour Chem Receivables Turnover Calculation

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

Bhatia Colour 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 )
=	1144.783	/ (	(931.688	+	680.138)	/	2 )
=	1144.783	/	805.913
=	1.42

Bhatia Colour 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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	608.107	/ (	(852.905	+	680.138)	/	2 )
=	608.107	/	766.5215
=	0.79

Bhatia Colour Chem (BOM:543497) 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.

Bhatia Colour Chem Receivables Turnover Related Terms

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Bhatia Colour Chem (BOM:543497) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Bhatia Colour Chem Ltd (BOM:543497) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road No. 1 Udhna Udhyog, Plot No. Plot No. A/2/12, Sangh, Udhna, Surat, GJ, IND, 394210

Website

https://www.bccl.info

Bhatia Colour Chem Ltd Ltd specializes in the trading and manufacturing of chemicals, dyes, and auxiliary products. The company produces Value Added Printing Products, Textile Auxiliaries and Chemicals, Foil Binders, Glitter Powder, Printing Inks, and Zari Binders with a variety of ranges and specialization as per the demand of the client. The products are mainly useful for the printing on Textile materials like Polyester and Cotton which includes, ambos on T-shirts, Zari Prints, and shading.

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