Finolex Industries (NSE:FINPIPE) Receivables Turnover : 3.09 (As of Mar. 2025)

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What is Finolex Industries 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. Finolex Industries's Revenue for the three months ended in Mar. 2025 was ₹11,718 Mil. Finolex Industries's average Accounts Receivable for the three months ended in Mar. 2025 was ₹3,793 Mil. Hence, Finolex Industries's Receivables Turnover for the three months ended in Mar. 2025 was 3.09.

Finolex Industries Receivables Turnover Historical Data

The historical data trend for Finolex Industries'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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Finolex Industries Receivables Turnover Chart

Finolex Industries Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Receivables Turnover

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31.08

19.11

13.80

11.43

9.90

Finolex Industries Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															2.70	2.49	2.36	2.85	3.09

Competitive Comparison of Finolex Industries's Receivables Turnover

For the Building Products & Equipment subindustry, Finolex Industries'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.

Finolex Industries's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Finolex Industries's Receivables Turnover distribution charts can be found below:

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

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Finolex Industries Receivables Turnover Calculation

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

Finolex Industries's Receivables Turnover for the fiscal year that ended in Mar. 2025 is calculated as

	Receivables Turnover (A: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2025 )	/ (	(Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Mar. 2025 ))	/	count )
=	41419.7	/ (	(4576.3	+	3792.5)	/	2 )
=	41419.7	/	4184.4
=	9.90

Finolex Industries's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	11718.1	/ (	(0	+	3792.5)	/	1 )
=	11718.1	/	3792.5
=	3.09

Finolex Industries (NSE:FINPIPE) 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.

Finolex Industries Receivables Turnover Related Terms

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Finolex Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Finolex Industries Ltd (NSE:FINPIPE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

500940:India

Address

Baner-Pashan Link Road, IndiQube -The Kode, 11th Floor, Baner Gaon, Haveli, Pune, MH, IND, 411045

Website

https://www.finolexpipes.com

Finolex Industries Ltd manufactures rigid polyvinyl chloride pipes and resins, and fittings. Pipes and fittings are developed out of manufacturing plants strategically located in India. Finolex's products are designed to meet a range of specifications such as size, pressure classes, and diameters. Traditionally, market participants in agriculture, housing, telecom, construction, and other industries have constituted the largest portion of the company's customer base. In addition to the number of manufacturing plants across India, Finolex depends on a network of direct and indirect retail outlets across the country to deliver its services to numerous industries.

Finolex Industries Headlines

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