Hindprakash Industries�Ltd (NSE:HPIL) Receivables Turnover : 1.71 (As of Mar. 2024)

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What is Hindprakash Industries�Ltd 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. Hindprakash Industries�Ltd's Revenue for the six months ended in Mar. 2024 was ₹419.7 Mil. Hindprakash Industries�Ltd's average Accounts Receivable for the six months ended in Mar. 2024 was ₹245.8 Mil. Hence, Hindprakash Industries�Ltd's Receivables Turnover for the six months ended in Mar. 2024 was 1.71.

Hindprakash Industries�Ltd Receivables Turnover Historical Data

The historical data trend for Hindprakash Industries�Ltd'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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Hindprakash Industries�Ltd Receivables Turnover Chart

Hindprakash Industries�Ltd Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.74

3.96

4.45

3.61

3.40

Hindprakash Industries�Ltd Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								2.09	1.76	2.10	2.06	1.71

Competitive Comparison of Hindprakash Industries�Ltd's Receivables Turnover

For the Specialty Chemicals subindustry, Hindprakash Industries�Ltd'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.

Hindprakash Industries�Ltd's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hindprakash Industries�Ltd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hindprakash Industries�Ltd's Receivables Turnover falls into.

Hindprakash Industries�Ltd Receivables Turnover Calculation

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

Hindprakash Industries�Ltd'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 )
=	995.038	/ (	(325.905	+	259.736)	/	2 )
=	995.038	/	292.8205
=	3.40

Hindprakash Industries�Ltd'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	419.723	/ (	(231.792	+	259.736)	/	2 )
=	419.723	/	245.764
=	1.71

Hindprakash Industries�Ltd (NSE:HPIL) 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.

Hindprakash Industries�Ltd Receivables Turnover Related Terms

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Hindprakash Industries�Ltd (NSE:HPIL) Business Description

Industry

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Traded in Other Exchanges

543645:India

Address

301 Hindprakash House Plot No. 10/6, Phase-I, GIDC, Vatva, Ahmedabad, GJ, IND, 382 445

Website

https://www.hindprakash.in

Hindprakash Industries Ltd is an Indian company engaged in manufacturing, dealing, and trading of dyes, intermediates, auxiliary, chemicals, and other merchandise. The company's products include Dyestuff, Dyes intermediates, Textile chemicals and aux, and Water treatments. It earns revenues from the manufacturing of dyes.