Agarwal Industrial (NSE:AGARIND) Receivables Turnover : 2.92 (As of Mar. 2024)

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What is Agarwal Industrial 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. Agarwal Industrial's Revenue for the three months ended in Mar. 2024 was ₹7,764 Mil. Agarwal Industrial's average Accounts Receivable for the three months ended in Mar. 2024 was ₹2,659 Mil. Hence, Agarwal Industrial's Receivables Turnover for the three months ended in Mar. 2024 was 2.92.

Agarwal Industrial Receivables Turnover Historical Data

The historical data trend for Agarwal Industrial'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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Agarwal Industrial Receivables Turnover Chart

Agarwal Industrial Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.27

6.63

10.80

11.36

9.25

Agarwal Industrial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.41	3.25	1.29	2.71	2.92

Competitive Comparison of Agarwal Industrial's Receivables Turnover

For the Specialty Chemicals subindustry, Agarwal Industrial'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.

Agarwal Industrial's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Agarwal Industrial's Receivables Turnover falls into.

Agarwal Industrial Receivables Turnover Calculation

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

Agarwal Industrial'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 )
=	21252.993	/ (	(1935.51	+	2659.366)	/	2 )
=	21252.993	/	2297.438
=	9.25

Agarwal Industrial'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 )
=	7764.443	/ (	(0	+	2659.366)	/	1 )
=	7764.443	/	2659.366
=	2.92

Agarwal Industrial (NSE:AGARIND) 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.

Agarwal Industrial Receivables Turnover Related Terms

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Agarwal Industrial (NSE:AGARIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Agarwal Industrial Corp Ltd (NSE:AGARIND) » Definitions » Receivables Turnover

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531921:India

Address

S.T. Road, V.N. Purav Marg, Plot Number 12, Eastern Court, Unit No. 201-202, Chembur, Mumbai, MH, IND, 400 071

Website

https://www.aicltd.in

Agarwal Industrial Corp Ltd is engaged in the business activities of manufacturing and trading of petrochemicals, logistics of Bitumen and Liquefied Petroleum Gas (LPG) and energy generation through wind mills. The company's operating segment includes Petrochemical business; Logistics and Windmill. It generates maximum revenue from the Petrochemicals segment which includes Bituminous and Allied Products. The company's products categories include Paving Grade Bitumen; Industrial Grade Bitumen; Bitumen Emulsion for Road Construction; CRMB: Crumb Rubber Modified Bitumen; Polymer Modified bitumen (PMB); Byproducts/Waterproofing materials; and Bituminous Expansion Jointing Boards.

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