Pidilite Industries (NSE:PIDILITIND) Receivables Turnover : 1.79 (As of Dec. 2023)

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What is Pidilite Industries 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. Pidilite Industries's Revenue for the three months ended in Dec. 2023 was ₹31,300 Mil. Pidilite Industries's average Accounts Receivable for the three months ended in Dec. 2023 was ₹17,521 Mil. Hence, Pidilite Industries's Receivables Turnover for the three months ended in Dec. 2023 was 1.79.

Pidilite Industries Receivables Turnover Historical Data

The historical data trend for Pidilite Industries'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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Pidilite Industries Receivables Turnover Chart

Pidilite Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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6.96

6.67

5.94

7.10

7.84

Pidilite Industries 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															1.81	1.70	2.11	1.76	1.79

Competitive Comparison of Pidilite Industries's Receivables Turnover

For the Specialty Chemicals subindustry, Pidilite Industries'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.

Pidilite Industries's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Pidilite Industries's Receivables Turnover falls into.

Pidilite Industries Receivables Turnover Calculation

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

Pidilite Industries'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 )
=	117516.2	/ (	(14450.8	+	15513)	/	2 )
=	117516.2	/	14981.9
=	7.84

Pidilite Industries'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 )
=	31299.9	/ (	(17521	+	0)	/	1 )
=	31299.9	/	17521
=	1.79

Pidilite Industries (NSE:PIDILITIND) 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.

Pidilite Industries Receivables Turnover Related Terms

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Pidilite Industries (NSE:PIDILITIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Pidilite Industries Ltd (NSE:PIDILITIND) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

500331:India

Address

Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (East), Mumbai, MH, IND, 400 059

Website

https://www.pidilite.com

Pidilite Industries Ltd manufactures and sells paints, adhesives, and sealants in two segments based on the customer: The consumer and bazaar products segment, which generates the majority of revenue, sells adhesives and sealants, construction paint chemicals, art and craft materials. The Business to Business segment sells industrial products such as industrial adhesives resins, and organic pigments and preparations. Pidilite Industries sells its products through dealers and distribution networks. The vast majority of revenue comes from India.

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