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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. Asian Paints's Revenue for the
three
months ended in Mar. 2026 was ₹92,285 Mil. Asian Paints's average Accounts Receivable for the
three
months ended in Mar. 2026 was ₹44,623 Mil.
Hence, Asian Paints's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.07.
Asian Paints (NSE:ASIANPAINT) 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.
Asian Paints Receivables Turnover Related Terms
Asian Paints Receivables Turnover Historical Data
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The historical data trend for Asian Paints'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.
NSE:ASIANPAINT vs LIN, SHW, ECL: Receivables Turnover Comparison
For the Specialty Chemicals subindustry, Asian Paints'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.
Asian Paints Receivables Turnover vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Asian Paints's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Asian Paints'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.
Asian Paints (NSE:ASIANPAINT) has a Receivables Turnover of 2.07 as of Mar. 2026. 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 Asian Paints and its competitors. According to the industry distribution chart, Asian Paints ranks #419 out of 1577 companies in the Chemicals industry, placing it in the top 26.6%.
Is Asian Paints' Receivables Turnover too high?
Asian Paints' current Receivables Turnover is 2.07. The Chemicals industry median Receivables Turnover is 5.60. Asian Paints' value of 2.07 is 63% below this industry median. Based on the distribution chart, Asian Paints ranks #419 out of 1577 companies in the Chemicals industry, which is above the industry midpoint. Overall, Asian Paints has a GF Score™ of 99/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asian Paints' Receivables Turnover compare to LIN and SHW?
According to the Chemicals industry distribution chart, Asian Paints ranks #419 out of 1577 companies for Receivables Turnover. This puts Asian Paints in the upper half of its industry. The industry median Receivables Turnover is 5.60. Asian Paints' value of 2.07 is 63% 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 5.60, based on 1,577 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. Asian Paints's current Receivables Turnover of 2.07 is 63% 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 Asian Paints and its competitors. For the Chemicals industry, the median Receivables Turnover is 5.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asian Paints's current Receivables Turnover is 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asian Paints stock overvalued right now?
Based on GuruFocus' analysis, Asian Paints (NSE:ASIANPAINT) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,991.73, compared to a current price of ₹2,736.20 — trading 8.5% below its estimated fair value. The current Receivables Turnover is 2.07 and 63% below the Chemicals industry median of 5.60. Asian Paints' overall GF Score™ is 99/100 with 2 warning signs to review. 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 Asian Paints (NSE:ASIANPAINT), the current Receivables Turnover is 2.07 as of Mar. 2026. 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.
Is Asian Paints (NSE:ASIANPAINT) Overvalued in 2026?
Based on GuruFocus' analysis, Asian Paints stock appears to be undervalued.
The current stock price of ₹2,736.20 is trading 8.5% below its estimated GF Value™ of ₹2,991.73.
GuruFocus considers Asian Paints to be Fairly Valued.
Key valuation signals for NSE:ASIANPAINT:
Receivables Turnover: 2.07
GF Value™: ₹2,991.73 vs. price of ₹2,736.20 (8.5% below fair value)
Industry Position: 63% below the Chemicals median (#419 of 1577)
No single metric tells the full story. See the NSE:ASIANPAINT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asian Paints Ltd is in the business of colour, decor, design and protection and operates through Decorative, International, Home Decor, and Industrial segments. The Decorative segment offers interior and exterior wall finishes, wood finishes, waterproofing, enamels, adhesives, tools, and undercoats. The Home Decor segment offers modular kitchens and wardrobes, bath fittings and sanitaryware, decorative lightings, uPVC windows and doors, wall coverings, furniture, fabric and furnishings, and rugs. The International segment caters to customers across Asia, the Middle East, Africa and the South Pacific. The Industrial segment provides automotive, general industrial, packaging, marine, industrial protective coatings, and powder coatings. The majority of revenue comes from India.
99GF Score
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