Meghmani Organics (NSE:MOL) Receivables Turnover : 1.03 (As of Dec. 2024)

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What is Meghmani Organics 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. Meghmani Organics's Revenue for the three months ended in Dec. 2024 was ₹5,685 Mil. Meghmani Organics's average Accounts Receivable for the three months ended in Dec. 2024 was ₹5,507 Mil. Hence, Meghmani Organics's Receivables Turnover for the three months ended in Dec. 2024 was 1.03.

Meghmani Organics Receivables Turnover Historical Data

The historical data trend for Meghmani Organics'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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Meghmani Organics Receivables Turnover Chart

Meghmani Organics Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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1.53

3.70

5.19

4.74

3.24

Meghmani Organics Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.90	0.91	0.96	0.99	1.03

Competitive Comparison of Meghmani Organics's Receivables Turnover

For the Agricultural Inputs subindustry, Meghmani Organics'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.

Meghmani Organics's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Meghmani Organics's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Meghmani Organics's Receivables Turnover falls into.

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Meghmani Organics Receivables Turnover Calculation

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

Meghmani Organics'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 )
=	15484.534	/ (	(5234.148	+	4328.562)	/	2 )
=	15484.534	/	4781.355
=	3.24

Meghmani Organics's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	5685.11	/ (	(5506.739	+	0)	/	1 )
=	5685.11	/	5506.739
=	1.03

Meghmani Organics (NSE:MOL) 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.

Meghmani Organics Receivables Turnover Related Terms

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Meghmani Organics Business Description

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543331:India

Address

Near Raj Bunglows, Near Safal Profitaire, Prahlad Nagar, 1st to 3rd Floor, Meghmani House, Satellite, Ahmedabad, GJ, IND, 380015

Website

https://www.meghmani.com

Meghmani Organics Ltd is engaged in the manufacturing of pigments and agrochemicals. The company operates through business divisions namely Pigments and Agrochemicals. The Pigments division is engaged in the manufacture and distribution of phthalocyanine green 7, copper phthalocyanine blue, alpha blue, and beta blue. The Agrochemicals Division, the key revenue-generating segment, is engaged in the manufacturing and distribution of technical, intermediates, and formulations of Crop Protection Chemicals. It has a presence in India as well as Outside India.

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