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Garware Hi-Tech Films (NSE:GRWRHITECH) Receivables Turnover : 13.05 (As of Mar. 2025)


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What is Garware Hi-Tech Films 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. Garware Hi-Tech Films's Revenue for the three months ended in Mar. 2025 was ₹5,479 Mil. Garware Hi-Tech Films's average Accounts Receivable for the three months ended in Mar. 2025 was ₹420 Mil. Hence, Garware Hi-Tech Films's Receivables Turnover for the three months ended in Mar. 2025 was 13.05.


Garware Hi-Tech Films Receivables Turnover Historical Data

The historical data trend for Garware Hi-Tech Films'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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Garware Hi-Tech Films Receivables Turnover Chart

Garware Hi-Tech Films Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.58 33.87 44.67 49.31 52.69

Garware Hi-Tech Films 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.73 12.46 18.56 13.95 13.05

Competitive Comparison of Garware Hi-Tech Films's Receivables Turnover

For the Specialty Chemicals subindustry, Garware Hi-Tech Films'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.


Garware Hi-Tech Films's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Garware Hi-Tech Films's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Garware Hi-Tech Films's Receivables Turnover falls into.


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Garware Hi-Tech Films Receivables Turnover Calculation

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

Garware Hi-Tech Films'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 )
=21093.6 / ((380.652 + 420) / 2 )
=21093.6 / 400.326
=52.69

Garware Hi-Tech Films'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 )
=5479.4 / ((0 + 420) / 1 )
=5479.4 / 420
=13.05

* 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.


Garware Hi-Tech Films  (NSE:GRWRHITECH) 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.


Garware Hi-Tech Films Receivables Turnover Related Terms

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Garware Hi-Tech Films Business Description

Traded in Other Exchanges
Address
50 - A, Swami Nityanand Marg, Garware House, Vile Parle (East), Mumbai, MH, IND, 400057
Garware Hi-Tech Films Ltd is a manufacturer of polyester films and value accretive high-margin specialty films in India. The products offered by the company include various types of paint protection films, decorative films, privacy films, packaging films, graphic films, and others. Geographically, the company derives maximum revenue from its customers located in the United States of America and the rest from India, and the rest of the world.

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