Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) Receivables Turnover : 12.21 (As of Dec. 2023)

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What is Gujarat Narmada Valley Fertilizers & Chemicals 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. Gujarat Narmada Valley Fertilizers & Chemicals's Revenue for the three months ended in Dec. 2023 was ₹20,880 Mil. Gujarat Narmada Valley Fertilizers & Chemicals's average Accounts Receivable for the three months ended in Dec. 2023 was ₹1,710 Mil. Hence, Gujarat Narmada Valley Fertilizers & Chemicals's Receivables Turnover for the three months ended in Dec. 2023 was 12.21.

Gujarat Narmada Valley Fertilizers & Chemicals Receivables Turnover Historical Data

The historical data trend for Gujarat Narmada Valley Fertilizers & Chemicals'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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Gujarat Narmada Valley Fertilizers & Chemicals Receivables Turnover Chart

Gujarat Narmada Valley Fertilizers & Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.98

3.88

5.32

15.20

20.57

Gujarat Narmada Valley Fertilizers & Chemicals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.12	6.13	4.50	12.16	12.21

Competitive Comparison of Gujarat Narmada Valley Fertilizers & Chemicals's Receivables Turnover

For the Chemicals subindustry, Gujarat Narmada Valley Fertilizers & Chemicals'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.

Gujarat Narmada Valley Fertilizers & Chemicals's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Gujarat Narmada Valley Fertilizers & Chemicals's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gujarat Narmada Valley Fertilizers & Chemicals's Receivables Turnover falls into.

Gujarat Narmada Valley Fertilizers & Chemicals Receivables Turnover Calculation

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

Gujarat Narmada Valley Fertilizers & Chemicals's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	102072.3	/ (	(6251	+	3674.4)	/	2 )
=	102072.3	/	4962.7
=	20.57

Gujarat Narmada Valley Fertilizers & Chemicals's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	20880	/ (	(1710	+	0)	/	1 )
=	20880	/	1710
=	12.21

Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) 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.

Gujarat Narmada Valley Fertilizers & Chemicals Receivables Turnover Related Terms

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Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gujarat Narmada Valley Fertilizers & Chemicals Ltd (NSE:GNFC) » Definitions » Receivables Turnover

Traded in Other Exchanges

500670:India

Address

Narmadanagar Township, Open Air Theatre, Sports Complex, P.O. Narmadanagar, Bharuch, GJ, IND, 392015

Website

https://www.gnfc.in

Gujarat Narmada Valley Fertilizers & Chemicals Ltd, or GNFC, is a firm engaged in the manufacturing and selling of fertilizers, industrial chemical products and rendering Information Technology services. It operates in three business segments including Fertilizers, Chemicals and Others. The company generates the majority of its revenues through the sale of chemicals.

Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) Headlines

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