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Pearl Polymers (NSE:PEARLPOLY) Receivables Turnover : 2.49 (As of Dec. 2023)


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What is Pearl Polymers 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. Pearl Polymers's Revenue for the three months ended in Dec. 2023 was ₹37.7 Mil. Pearl Polymers's average Accounts Receivable for the three months ended in Dec. 2023 was ₹15.2 Mil. Hence, Pearl Polymers's Receivables Turnover for the three months ended in Dec. 2023 was 2.49.


Pearl Polymers Receivables Turnover Historical Data

The historical data trend for Pearl Polymers'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.

* Premium members only.

Pearl Polymers Receivables Turnover Chart

Pearl Polymers Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.91 3.77 3.92 0.97 8.00

Pearl Polymers 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.56 2.38 1.75 2.55 2.49

Competitive Comparison of Pearl Polymers's Receivables Turnover

For the Packaging & Containers subindustry, Pearl Polymers'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.


Pearl Polymers's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Pearl Polymers's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pearl Polymers's Receivables Turnover falls into.



Pearl Polymers Receivables Turnover Calculation

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

Pearl Polymers'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 )
=171.24 / ((22.358 + 20.475) / 2 )
=171.24 / 21.4165
=8.00

Pearl Polymers'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 )
=37.743 / ((15.175 + 0) / 1 )
=37.743 / 15.175
=2.49

* 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.


Pearl Polymers  (NSE:PEARLPOLY) 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.


Pearl Polymers Receivables Turnover Related Terms

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Pearl Polymers (NSE:PEARLPOLY) Business Description

Traded in Other Exchanges
Address
A-97/2, Okhla Industrial Area, Phase-II, New Delhi, IND, 110020
Pearl Polymers Ltd operates in the plastics processing industry. It is engaged in the manufacturing of rigid packaging and houseware products. The company offers the widest range of jars and bottles for usage in the kitchen, home, offices. It engages in manufacturing, marketing, and sale of rigid plastic packaging solutions for sale, gift, or supply to other business entities for packaging of products.

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