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Paints and Chemical Industries Co (LSE:47KT) Receivables Turnover : 25.28 (As of Jun. 2018)


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What is Paints and Chemical Industries Co 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. Paints and Chemical Industries Co's Revenue for the six months ended in Jun. 2018 was $57.92 Mil. Paints and Chemical Industries Co's average Accounts Receivable for the six months ended in Jun. 2018 was $2.29 Mil. Hence, Paints and Chemical Industries Co's Receivables Turnover for the six months ended in Jun. 2018 was 25.28.

Paints and Chemical Industries Co Receivables Turnover Historical Data

The historical data trend for Paints and Chemical Industries Co'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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Paints and Chemical Industries Co Receivables Turnover Chart

Paints and Chemical Industries Co Annual Data
Trend Jun17 Jun18
Receivables Turnover
20.49 25.28

Paints and Chemical Industries Co Semi-Annual Data
Jun17 Jun18
Receivables Turnover 20.49 25.28

Competitive Comparison of Paints and Chemical Industries Co's Receivables Turnover

For the Specialty Chemicals subindustry, Paints and Chemical Industries Co'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.

Paints and Chemical Industries Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Paints and Chemical Industries Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Paints and Chemical Industries Co's Receivables Turnover falls into.


Paints and Chemical Industries Co Receivables Turnover Calculation

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

Paints and Chemical Industries Co's Receivables Turnover for the fiscal year that ended in Jun. 2018 is calculated as

Receivables Turnover (A: Jun. 2018 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2018 ) / ((Accounts Receivable (A: Jun. 2017 ) + Accounts Receivable (A: Jun. 2018 )) / count )
=57.92 / ((2.258 + 2.324) / 2 )
=57.92 / 2.291
=25.28

Paints and Chemical Industries Co's Receivables Turnover for the quarter that ended in Jun. 2018 is calculated as

Receivables Turnover (Q: Jun. 2018 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2018 ) / ((Accounts Receivable (Q: Jun. 2017 ) + Accounts Receivable (Q: Jun. 2018 )) / count )
=57.92 / ((2.258 + 2.324) / 2 )
=57.92 / 2.291
=25.28

* 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.

Paints and Chemical Industries Co  (LSE:47KT) 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.

Paints and Chemical Industries Co Receivables Turnover Related Terms

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Paints and Chemical Industries Co (LSE:47KT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Paints and Chemical Industries Co (LSE:47KT) » Definitions » Receivables Turnover
Comparable Companies
BOM:524324 XKRX:048830 ROCO:4711 BOM:500153 XPAR:ORAP COL:CIC.N0000 TSE:4976 XKRX:066430 TSE:7446 ROCO:4702 XKLS:7083 WAR:KGL GEVO TSE:4120 LSE:WCH BKK:EASON BOM:524570 BOM:509567 PHS:CROWN FSI
Traded in Other Exchanges
N/A
Address
1, Elmassanie Street, P.O. Box 11887,Elamiriya, Cario, EGY
Website
http://www.pachin.net
Paints and Chemical Industries Co is an Egypt-based company engaged in the manufacturing of paints, varnishes, industrial chemicals, printing inks, animal extracts and other related products. The product portfolio of the group consists of Decorative paints, Industrial paints, Printing inks and alkyd resin. The majority of income for the group is generated through the sale of products. It also exports all the products of paints to Libya, Saudi Arabia, Syria, Cyprus, Kenya, Sudan, and Equatorial Guinea.

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