India Glycols (NSE:INDIAGLYCO) Receivables Turnover : 1.71 (As of Dec. 2023)

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What is India Glycols 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. India Glycols's Revenue for the three months ended in Dec. 2023 was ₹9,042 Mil. India Glycols's average Accounts Receivable for the three months ended in Dec. 2023 was ₹5,290 Mil. Hence, India Glycols's Receivables Turnover for the three months ended in Dec. 2023 was 1.71.

India Glycols Receivables Turnover Historical Data

The historical data trend for India Glycols'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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India Glycols Receivables Turnover Chart

India Glycols Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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10.03

5.99

4.83

7.40

6.22

India Glycols Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.27	1.27	1.60	1.46	1.71

Competitive Comparison of India Glycols's Receivables Turnover

For the Chemicals subindustry, India Glycols'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.

India Glycols's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where India Glycols's Receivables Turnover falls into.

India Glycols Receivables Turnover Calculation

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

India Glycols's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	25770.184	/ (	(3986.811	+	4303.366)	/	2 )
=	25770.184	/	4145.0885
=	6.22

India Glycols's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	9042.2	/ (	(5290.2	+	0)	/	1 )
=	9042.2	/	5290.2
=	1.71

India Glycols (NSE:INDIAGLYCO) 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.

India Glycols Receivables Turnover Related Terms

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India Glycols (NSE:INDIAGLYCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » India Glycols Ltd (NSE:INDIAGLYCO) » Definitions » Receivables Turnover

Traded in Other Exchanges

500201:India

Address

Plot No. 2B, Sector-126, District Gautam Budh Nagar, Noida, UP, IND, 201304

Website

https://www.indiaglycols.com

India Glycols Ltd is engaged in the manufacturing and marketing of chemicals. It offers Specialty chemicals, Ethyl Alcohol (Portable), Nutraceutical and herbal extraction, Natural Gum and its derivatives, and Industrial gases, among others. The company produces chemicals through agricultural route and manufactures ethoxylates and glycol ethers through molasses route. The demand for their products comes from the Pharmaceutical and Nutraceutical industries, Food industries, Textile industry, Automobile industry and Potable segment. The operating segments of the group are Industrial chemical; Ethyl Alcohol (Potable); and Nutraceutical, of which it derives key revenue from the Ethyl Alcohol (Potable) segment.

India Glycols (NSE:INDIAGLYCO) Headlines

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