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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. HI-Green Carbon's Revenue for the
six
months ended in Mar. 2026 was ₹697 Mil. HI-Green Carbon's average Accounts Receivable for the
six
months ended in Mar. 2026 was ₹82 Mil.
Hence, HI-Green Carbon's Receivables Turnover for the
six
months ended in Mar. 2026 was 8.45.
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.
HI-Green Carbon Receivables Turnover Related Terms
HI-Green Carbon Receivables Turnover Historical Data
* Premium members only.
The historical data trend for HI-Green Carbon'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.
NSE:HIGREEN vs LIN, SHW, ECL: Receivables Turnover Comparison
For the Specialty Chemicals subindustry, HI-Green Carbon'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.
HI-Green Carbon Receivables Turnover vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, HI-Green Carbon's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where HI-Green Carbon's Receivables Turnover falls into.
* 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.
HI-Green Carbon (NSE:HIGREEN) has a Receivables Turnover of 8.45 as of Mar. 2026. The accounts 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. View historical data on HI-Green Carbon and its competitors. According to the industry distribution chart, HI-Green Carbon ranks #147 out of 1588 companies in the Chemicals industry, placing it in the top 9.3%.
Is HI-Green Carbon's Receivables Turnover too high?
HI-Green Carbon's current Receivables Turnover is 8.45. The Chemicals industry median Receivables Turnover is 5.77. HI-Green Carbon's value of 8.45 is 46.4% above this industry median. Based on the distribution chart, HI-Green Carbon ranks #147 out of 1588 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, HI-Green Carbon has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HI-Green Carbon's Receivables Turnover compare to LIN and SHW?
According to the Chemicals industry distribution chart, HI-Green Carbon ranks #147 out of 1588 companies for Receivables Turnover. This places HI-Green Carbon in the top 9% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 5.77. HI-Green Carbon's value of 8.45 is 46.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Chemicals company?
The median Receivables Turnover among Chemicals companies is 5.77, based on 1,588 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HI-Green Carbon's current Receivables Turnover of 8.45 is 46.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on HI-Green Carbon and its competitors. For the Chemicals industry, the median Receivables Turnover is 5.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HI-Green Carbon's current Receivables Turnover is 8.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HI-Green Carbon stock overvalued right now?
Based on GuruFocus' analysis, HI-Green Carbon (NSE:HIGREEN) is currently considered Possible Value Trap. The stock's GF Value™ is ₹340.37, compared to a current price of ₹120.15 — trading 64.7% below its estimated fair value. The current Receivables Turnover is 8.45 and 46.4% above the Chemicals industry median of 5.77. HI-Green Carbon's overall GF Score™ is 67/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For HI-Green Carbon (NSE:HIGREEN), the current Receivables Turnover is 8.45 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is HI-Green Carbon (NSE:HIGREEN) Overvalued in 2026?
Based on GuruFocus' analysis, HI-Green Carbon stock appears to be undervalued.
The current stock price of ₹120.15 is trading 64.7% below its estimated GF Value™ of ₹340.37.
GuruFocus considers HI-Green Carbon to be Possible Value Trap.
Key valuation signals for NSE:HIGREEN:
Receivables Turnover: 8.45
GF Value™: ₹340.37 vs. price of ₹120.15 (64.7% below fair value)
Industry Position: 46.4% above the Chemicals median (#147 of 1588)
No single metric tells the full story. See the NSE:HIGREEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hi-Green Carbon Ltd is engaged in the business of recycling waste tires using a continuous pyrolysis process at its manufacturing plant in Rajasthan, India. The process produces energy components and raw materials such as Recovered Carbon Black (rCB), steel wires, fuel oil, and synthesis gas. The company operates an integrated, automated plant with a capacity to recycle tons of waste tires per day and adheres to various environmental, health, safety, and quality certifications. Hi-Green Carbon is expanding its production capacity with plans for new manufacturing units to enhance production and sustainability efforts. Revenue comes from the sale of these recycled products and by-products.
67GF Score
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