Ambey Laboratories (NSE:AMBEY) Receivables Turnover : 1.24 (As of Sep. 2024)

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What is Ambey Laboratories 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. Ambey Laboratories's Revenue for the six months ended in Sep. 2024 was ₹676.5 Mil. Ambey Laboratories's average Accounts Receivable for the six months ended in Sep. 2024 was ₹544.4 Mil. Hence, Ambey Laboratories's Receivables Turnover for the six months ended in Sep. 2024 was 1.24.

Ambey Laboratories Receivables Turnover Historical Data

The historical data trend for Ambey Laboratories'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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Ambey Laboratories Receivables Turnover Chart

Ambey Laboratories Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

11.73

10.92

17.34

Ambey Laboratories Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Receivables Turnover	-	-	-	16.97	1.24

Competitive Comparison of Ambey Laboratories's Receivables Turnover

For the Agricultural Inputs subindustry, Ambey Laboratories'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.

Ambey Laboratories's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Ambey Laboratories's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ambey Laboratories's Receivables Turnover falls into.

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Ambey Laboratories Receivables Turnover Calculation

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

Ambey Laboratories's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	1048.212	/ (	(85.244	+	35.651)	/	2 )
=	1048.212	/	60.4475
=	17.34

Ambey Laboratories's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	676.523	/ (	(0	+	544.425)	/	1 )
=	676.523	/	544.425
=	1.24

Ambey Laboratories (NSE:AMBEY) 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.

Ambey Laboratories Receivables Turnover Related Terms

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Ambey Laboratories Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Ambey Laboratories Ltd (NSE:AMBEY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sector 26A, B-18/9, 2nd Floor, DLF Phase-1, Gurugram, HR, IND, 122002

Website

https://www.ambeylab.com

Ambey Laboratories Ltd is engaged in the business of manufacturing agrochemical products for the protection of crops and serving the agrochemical sector. The company is also engaged in manufacturing-related pharmaceutical products and their repacking.

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