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Dhariwalcorp (NSE:DHARIWAL) Receivables Turnover : 24.33 (As of Mar. 2024)


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What is Dhariwalcorp 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. Dhariwalcorp's Revenue for the six months ended in Mar. 2024 was ₹2,288 Mil. Dhariwalcorp's average Accounts Receivable for the six months ended in Mar. 2024 was ₹94 Mil. Hence, Dhariwalcorp's Receivables Turnover for the six months ended in Mar. 2024 was 24.33.

Dhariwalcorp Receivables Turnover Historical Data

The historical data trend for Dhariwalcorp'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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Dhariwalcorp Receivables Turnover Chart

Dhariwalcorp Annual Data
Trend Mar22 Mar23 Mar24
Receivables Turnover
18.35 19.66 24.33

Dhariwalcorp Semi-Annual Data
Mar22 Mar23 Mar24
Receivables Turnover 18.35 19.66 24.33

Competitive Comparison of Dhariwalcorp's Receivables Turnover

For the Specialty Chemicals subindustry, Dhariwalcorp'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.

Dhariwalcorp's Receivables Turnover Distribution in the Chemicals Industry

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

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


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Dhariwalcorp Receivables Turnover Calculation

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

Dhariwalcorp'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 )
=2288.029 / ((110.808 + 77.256) / 2 )
=2288.029 / 94.032
=24.33

Dhariwalcorp'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: Mar. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=2288.029 / ((110.808 + 77.256) / 2 )
=2288.029 / 94.032
=24.33

* 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.

Dhariwalcorp  (NSE:DHARIWAL) 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.

Dhariwalcorp Receivables Turnover Related Terms

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Dhariwalcorp Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dhariwalcorp Ltd (NSE:DHARIWAL) » Definitions » Receivables Turnover
Comparable Companies
BOM:541778 BOM:534598 BOM:543239 NSE:HPIL NSE:SIDDHIKA NSE:JOCIL NSE:SILKFLEX BOM:544036 BOM:540078 BOM:540401 LIN XPAR:AI SHW ECL APD ISX:TPIA XSWX:GIVN XSWX:SIKA OCSE:NSIS B XAMS:DSFIR
Traded in Other Exchanges
N/A
Address
Pal Link Road, 36, Narayan Nagar, Shobhawaton ki dhani, Jodhpur, RJ, IND, 342001
Website
https://www.dhariwalcorporation.com
Dhariwalcorp Ltd is engaged in the business of trading of a comprehensive range of waxes, industrial chemicals, and petroleum jelly. The company is involved in processing, purchasing, selling, importing, and trading various types of wax, including Paraffin Wax, Micro Wax, Slack Wax, Carnauba Wax, Microcrystalline Waxes, Semi Refined Paraffin Wax, Yellow Beeswax, Hydrocarbon Wax, Montan Wax, Polyethylene Wax, Vegetable Wax, Residue Wax, Palm Wax, BN Micro Wax, Hydrogenated Palm Wax, Micro Slack Wax, PE Wax, Soya Wax, etc. Additionally, the Company trades in industrial chemicals such as Rubber Process Oil, Light Liquid Paraffin (LLP), Citric Acid Monohydrate, Refined Glycerin, Bitumen, Stearic Acid, and Petroleum Jelly, including Paraffin Petroleum Jelly and White Petroleum Jelly.

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