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. Active Fine Chemicals's Revenue for the
three
months ended in Mar. 2023 was BDT291 Mil. Active Fine Chemicals's average Accounts Receivable for the
three
months ended in Mar. 2023 was BDT1,885 Mil.
Hence, Active Fine Chemicals's Receivables Turnover for the
three
months ended in Mar. 2023 was 0.15.
Active Fine Chemicals (DHA:ACTIVEFINE) 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.
Active Fine Chemicals Receivables Turnover Related Terms
Active Fine Chemicals Receivables Turnover Historical Data
* Premium members only.
The historical data trend for Active Fine Chemicals'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.
DHA:ACTIVEFINE vs DOW, CE: Receivables Turnover Comparison
For the Chemicals subindustry, Active Fine Chemicals'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.
Active Fine Chemicals Receivables Turnover vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Active Fine Chemicals's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Active Fine Chemicals's Receivables Turnover falls into.
* 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.
Active Fine Chemicals (DHA:ACTIVEFINE) has a Receivables Turnover of 0.15 as of Mar. 2023. The accounts 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. View historical data on Active Fine Chemicals and its competitors.
Is Active Fine Chemicals' Receivables Turnover too high?
Active Fine Chemicals' current Receivables Turnover is 0.15. The Chemicals industry median Receivables Turnover is 5.56. Active Fine Chemicals' value of 0.15 is 97.3% below this industry median. Overall, Active Fine Chemicals has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Active Fine Chemicals' Receivables Turnover compare to DOW and CE?
Active Fine Chemicals' Receivables Turnover of 0.15 can be compared against companies in the Chemicals industry. The industry median Receivables Turnover is 5.56. Active Fine Chemicals' value of 0.15 is 97.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Chemicals company?
The median Receivables Turnover among Chemicals companies is 5.56, based on 1,574 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Active Fine Chemicals's current Receivables Turnover of 0.15 is 97.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Active Fine Chemicals and its competitors. For the Chemicals industry, the median Receivables Turnover is 5.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Active Fine Chemicals's current Receivables Turnover is 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Active Fine Chemicals stock overvalued right now?
Active Fine Chemicals (DHA:ACTIVEFINE) has a current Receivables Turnover of 0.15. The current Receivables Turnover is 0.15 and 97.3% below the Chemicals industry median of 5.56. Active Fine Chemicals' overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Active Fine Chemicals (DHA:ACTIVEFINE), the current Receivables Turnover is 0.15 as of Mar. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Active Fine Chemicals Ltd is a Bangladesh based chemical company engaged in manufacturing active pharmaceutical ingredients and laboratory reagents. Its product offerings include azithromycin dihydrate, erythromycin ethyl succinate, erythromycin stearate, pantoprazole sodium sesquihydrate, venlafaxine HCL, sitagliptin phosphate monohydrate, and pregabalin. While it also manufactures laboratory reagents including HPLC Grade solvents, solvents, and powder reagents.
10GF Score
Get the complete analysis for DHA:ACTIVEFINE
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
DHA:ACTIVEFINE has been successfully added to your 
