Infinium Pharmachem (NSE:INFINIUM) Receivables Turnover : 3.63 (As of Sep. 2024)

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What is Infinium Pharmachem 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. Infinium Pharmachem's Revenue for the six months ended in Sep. 2024 was ₹830 Mil. Infinium Pharmachem's average Accounts Receivable for the six months ended in Sep. 2024 was ₹228 Mil. Hence, Infinium Pharmachem's Receivables Turnover for the six months ended in Sep. 2024 was 3.63.

Infinium Pharmachem Receivables Turnover Historical Data

The historical data trend for Infinium Pharmachem'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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Infinium Pharmachem Receivables Turnover Chart

Infinium Pharmachem Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

4.90

7.26

7.38

7.41

7.56

Infinium Pharmachem Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			4.06	1.79	2.79	3.02	3.63

Competitive Comparison of Infinium Pharmachem's Receivables Turnover

For the Chemicals subindustry, Infinium Pharmachem'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.

Infinium Pharmachem's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Infinium Pharmachem's Receivables Turnover falls into.

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Infinium Pharmachem Receivables Turnover Calculation

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

Infinium Pharmachem'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 )
=	1356.392	/ (	(154.323	+	204.529)	/	2 )
=	1356.392	/	179.426
=	7.56

Infinium Pharmachem's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	829.811	/ (	(204.529	+	252.226)	/	2 )
=	829.811	/	228.3775
=	3.63

Infinium Pharmachem (NSE:INFINIUM) 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.

Infinium Pharmachem Receivables Turnover Related Terms

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Infinium Pharmachem Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Infinium Pharmachem Ltd (NSE:INFINIUM) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

V.U. Nagar GIDC Road, Near Sardar Patel Statue, Suite 205, Sigma Prime, 2nd Floor, District Anand, Vallabh Vidhyanagar, GJ, IND, 388120

Website

https://infiniumpharmachem.com

Infinium Pharmachem Ltd is engaged in the business of manufacturing and supplying Iodine, Iodine Derivatives and Active Pharmaceutical Ingredients (APIs). It provides fully integrated customized services from R & D to Commercial scale manufacturing and packaging for its products to the Pharmaceutical, Agrochemical, Nutraceutical, Speciality Chemicals and various other chemicals Industries.

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