Gayatri Rubbers and Chemicals (NSE:GRCL) Receivables Turnover : 5.12 (As of Mar. 2024)

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What is Gayatri Rubbers and 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. Gayatri Rubbers and Chemicals's Revenue for the six months ended in Mar. 2024 was ₹244.1 Mil. Gayatri Rubbers and Chemicals's average Accounts Receivable for the six months ended in Mar. 2024 was ₹47.6 Mil. Hence, Gayatri Rubbers and Chemicals's Receivables Turnover for the six months ended in Mar. 2024 was 5.12.

Gayatri Rubbers and Chemicals Receivables Turnover Historical Data

The historical data trend for Gayatri Rubbers and 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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Gayatri Rubbers and Chemicals Receivables Turnover Chart

Gayatri Rubbers and Chemicals Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

1.74

4.37

5.44

6.11

5.12

Gayatri Rubbers and Chemicals Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Receivables Turnover	1.74	4.37	5.44	6.11	5.12

Competitive Comparison of Gayatri Rubbers and Chemicals's Receivables Turnover

For the Specialty Chemicals subindustry, Gayatri Rubbers and 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.

Gayatri Rubbers and Chemicals's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Gayatri Rubbers and Chemicals's Receivables Turnover falls into.

Gayatri Rubbers and Chemicals Receivables Turnover Calculation

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

Gayatri Rubbers and Chemicals'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 )
=	244.111	/ (	(45.092	+	50.183)	/	2 )
=	244.111	/	47.6375
=	5.12

Gayatri Rubbers and Chemicals'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 )
=	244.111	/ (	(45.092	+	50.183)	/	2 )
=	244.111	/	47.6375
=	5.12

Gayatri Rubbers and Chemicals (NSE:GRCL) 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.

Gayatri Rubbers and Chemicals Receivables Turnover Related Terms

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Gayatri Rubbers and Chemicals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gayatri Rubbers and Chemicals Ltd (NSE:GRCL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Malerna Road, Plot No. 11, Gali No. 3, Opposite Beri ka Bagh, Ballabgarh, Faridabad, HR, IND, 121004

Website

https://www.gayatrirubberchemicals.com

Gayatri Rubbers and Chemicals Ltd is engaged in manufacturing and trading rubber products. The company's product portfolio includes Aluminium rubber profiles, Automobile rubber profiles, Sponge rubber components, Clear PVC profiles, Industrial rubber, and Railway sector rubber. Geographically, the company operates within India.