Amrutanjan Health Care (NSE:AMRUTANJAN) Receivables Turnover : 2.65 (As of Mar. 2024)

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What is Amrutanjan Health Care 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. Amrutanjan Health Care's Revenue for the three months ended in Mar. 2024 was ₹1,271 Mil. Amrutanjan Health Care's average Accounts Receivable for the three months ended in Mar. 2024 was ₹479 Mil. Hence, Amrutanjan Health Care's Receivables Turnover for the three months ended in Mar. 2024 was 2.65.

Amrutanjan Health Care Receivables Turnover Historical Data

The historical data trend for Amrutanjan Health Care'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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Amrutanjan Health Care Receivables Turnover Chart

Amrutanjan Health Care Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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8.78

15.07

14.52

10.65

10.41

Amrutanjan Health Care 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															3.04	2.36	2.97	3.49	2.65

Competitive Comparison of Amrutanjan Health Care's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Amrutanjan Health Care'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.

Amrutanjan Health Care's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Amrutanjan Health Care's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Amrutanjan Health Care's Receivables Turnover falls into.

Amrutanjan Health Care Receivables Turnover Calculation

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

Amrutanjan Health Care'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 )
=	4212.305	/ (	(330.203	+	478.894)	/	2 )
=	4212.305	/	404.5485
=	10.41

Amrutanjan Health Care'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 )
=	1270.622	/ (	(0	+	478.894)	/	1 )
=	1270.622	/	478.894
=	2.65

Amrutanjan Health Care (NSE:AMRUTANJAN) 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.

Amrutanjan Health Care Receivables Turnover Related Terms

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Amrutanjan Health Care (NSE:AMRUTANJAN) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Amrutanjan Health Care Ltd (NSE:AMRUTANJAN) » Definitions » Receivables Turnover

Traded in Other Exchanges

590006:India

Address

No. 103 (Old No. 42-45), Luz Church Road, Mylapore, Chennai, TN, IND, 600 004

Website

https://www.amrutanjan.com

Amrutanjan Health Care Ltd manufactures Ayurvedic and allopathic products. The company operates through the following segments: OTC Products, Beverages, and Others. The majority of the revenue is generated from its OTC segment which is engaged in the manufacturing products of pain management, congestion management, and hygiene. Its beverage segment includes manufacturing fruit juices and oral rehydration drinks. Some of its products include Roll-on, Spray, Balm, Cough Syrup, Sanitary napkin, and inhaler. Geographically, it generates the majority of the revenue from India.

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