Godrej Agrovet (NSE:GODREJAGRO) Receivables Turnover : 4.08 (As of Mar. 2024)

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What is Godrej Agrovet 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. Godrej Agrovet's Revenue for the three months ended in Mar. 2024 was ₹21,186 Mil. Godrej Agrovet's average Accounts Receivable for the three months ended in Mar. 2024 was ₹5,189 Mil. Hence, Godrej Agrovet's Receivables Turnover for the three months ended in Mar. 2024 was 4.08.

Godrej Agrovet Receivables Turnover Historical Data

The historical data trend for Godrej Agrovet'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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Godrej Agrovet Receivables Turnover Chart

Godrej Agrovet Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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8.53

7.40

9.30

12.26

17.43

Godrej Agrovet Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.64	4.35	4.05	3.70	4.08

Competitive Comparison of Godrej Agrovet's Receivables Turnover

For the Farm Products subindustry, Godrej Agrovet'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.

Godrej Agrovet's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Godrej Agrovet's Receivables Turnover distribution charts can be found below:

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

Godrej Agrovet Receivables Turnover Calculation

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

Godrej Agrovet'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 )
=	95264.5	/ (	(5740.3	+	5189.1)	/	2 )
=	95264.5	/	5464.7
=	17.43

Godrej Agrovet'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	21185.6	/ (	(0	+	5189.1)	/	1 )
=	21185.6	/	5189.1
=	4.08

Godrej Agrovet (NSE:GODREJAGRO) 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.

Godrej Agrovet Receivables Turnover Related Terms

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Godrej Agrovet (NSE:GODREJAGRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Godrej Agrovet Ltd (NSE:GODREJAGRO) » Definitions » Receivables Turnover

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Traded in Other Exchanges

540743:India

Address

Eastern Express Highway, Godrej One, 3rd Floor, Pirojshanagar, Vikhroli (East), Mumbai, MH, IND, 400 079

Website

https://www.godrejagrovet.com

Godrej Agrovet Ltd is an India-based company engaged in the manufacturing and marketing of animal feed, agricultural inputs, palm oil, and allied products. It operates through the following business divisions: Animal Feed, Crop Protection, Vegetable Oil, Real Estate Business, and Other business segments which include Seed Business and Energy Generation through Windmills. The key revenue is derived from the Animal Feed business segment. The company offers animal feed such as cattle, poultry, aqua, and specialty feed, as well as on-farm technical support services.

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