Nirman Agri Genetics (NSE:NIRMAN) Receivables Turnover : 2.16 (As of Sep. 2024)

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What is Nirman Agri Genetics 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. Nirman Agri Genetics's Revenue for the three months ended in Sep. 2024 was ₹621 Mil. Nirman Agri Genetics's average Accounts Receivable for the three months ended in Sep. 2024 was ₹287 Mil. Hence, Nirman Agri Genetics's Receivables Turnover for the three months ended in Sep. 2024 was 2.16.

Nirman Agri Genetics Receivables Turnover Historical Data

The historical data trend for Nirman Agri Genetics'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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Nirman Agri Genetics Receivables Turnover Chart

Nirman Agri Genetics Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

51.72

19.11

5.41

6.91

8.10

Nirman Agri Genetics Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial						2.72	2.15	-	4.35	2.16

Competitive Comparison of Nirman Agri Genetics's Receivables Turnover

For the Agricultural Inputs subindustry, Nirman Agri Genetics'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.

Nirman Agri Genetics's Receivables Turnover Distribution in the Agriculture Industry

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

* The bar in red indicates where Nirman Agri Genetics's Receivables Turnover falls into.

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Nirman Agri Genetics Receivables Turnover Calculation

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

Nirman Agri Genetics'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 )
=	633.372	/ (	(40.59	+	115.88)	/	2 )
=	633.372	/	78.235
=	8.10

Nirman Agri Genetics'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: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	620.919	/ (	(0	+	287.446)	/	1 )
=	620.919	/	287.446
=	2.16

Nirman Agri Genetics (NSE:NIRMAN) 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.

Nirman Agri Genetics Receivables Turnover Related Terms

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Nirman Agri Genetics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Nirman Agri Genetics Ltd (NSE:NIRMAN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dindori Road, Vedant Apartment, Near Reliance Shopee, Panchavati, Nashik, MH, IND, 422 003

Website

https://www.nirmanagrigen.com

Nirman Agri Genetics Ltd is an organized Agri-Input company in India. It is in the business of production, processing, and marketing of high-quality hybrid seeds, pesticides, and bio-organic. These processes are used for different crops like corn, sunflower, cotton, paddy, grain sorghum, and others. It is engaged in the business of Agriculture Industry, Manufacturing & Processing of seeds. Its geographical segments include Revenue within India includes sales to customers located within India and Revenue outside India includes sales to customers located outside India including Export Benefits or Incentives.

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