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Best Agrolife (NSE:BESTAGRO) Receivables Turnover : 0.78 (As of Sep. 2024)


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What is Best Agrolife 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. Best Agrolife's Revenue for the three months ended in Sep. 2024 was ₹7,466 Mil. Best Agrolife's average Accounts Receivable for the three months ended in Sep. 2024 was ₹9,582 Mil. Hence, Best Agrolife's Receivables Turnover for the three months ended in Sep. 2024 was 0.78.


Best Agrolife Receivables Turnover Historical Data

The historical data trend for Best Agrolife'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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Best Agrolife Receivables Turnover Chart

Best Agrolife Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.78 6.19 6.26 5.77 4.60

Best Agrolife Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.80 0.31 0.29 1.12 0.78

Competitive Comparison of Best Agrolife's Receivables Turnover

For the Agricultural Inputs subindustry, Best Agrolife'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.


Best Agrolife's Receivables Turnover Distribution in the Agriculture Industry

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

* The bar in red indicates where Best Agrolife's Receivables Turnover falls into.



Best Agrolife Receivables Turnover Calculation

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

Best Agrolife'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 )
=18733.19 / ((3488.28 + 4648.33) / 2 )
=18733.19 / 4068.305
=4.60

Best Agrolife'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: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=7466.02 / ((0 + 9581.64) / 1 )
=7466.02 / 9581.64
=0.78

* 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.


Best Agrolife  (NSE:BESTAGRO) 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.


Best Agrolife Receivables Turnover Related Terms

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Best Agrolife Business Description

Traded in Other Exchanges
Address
B-4, Bhagwan Dass Nagar, East Punjabi Bagh, New Delhi, IND, 110026
Best Agrolife Ltd operates in the agrochemical industry. The company's operating segment is the Trading of Agro-based products. The product range of the company includes Insecticides, Herbicides, Fungicides, Plant growth regulators, and others. The company sells its products in India.

Best Agrolife Headlines

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