Silkflex Polymers (India) (NSE:SILKFLEX) Receivables Turnover : 4.53 (As of Sep. 2024)

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What is Silkflex Polymers (India) 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. Silkflex Polymers (India)'s Revenue for the six months ended in Sep. 2024 was ₹351.5 Mil. Silkflex Polymers (India)'s average Accounts Receivable for the six months ended in Sep. 2024 was ₹77.5 Mil. Hence, Silkflex Polymers (India)'s Receivables Turnover for the six months ended in Sep. 2024 was 4.53.

Silkflex Polymers (India) Receivables Turnover Historical Data

The historical data trend for Silkflex Polymers (India)'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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Silkflex Polymers (India) Receivables Turnover Chart

Silkflex Polymers (India) Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

7.50

11.19

15.89

Silkflex Polymers (India) Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Receivables Turnover	-	-	-	10.14	4.53

Competitive Comparison of Silkflex Polymers (India)'s Receivables Turnover

For the Specialty Chemicals subindustry, Silkflex Polymers (India)'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.

Silkflex Polymers (India)'s Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Silkflex Polymers (India)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Silkflex Polymers (India)'s Receivables Turnover falls into.

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Silkflex Polymers (India) Receivables Turnover Calculation

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

Silkflex Polymers (India)'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 )
=	342.133	/ (	(22.075	+	21)	/	2 )
=	342.133	/	21.5375
=	15.89

Silkflex Polymers (India)'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: Sep. 2023 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	351.495	/ (	(25.843	+	129.256)	/	2 )
=	351.495	/	77.5495
=	4.53

Silkflex Polymers (India) (NSE:SILKFLEX) 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.

Silkflex Polymers (India) Receivables Turnover Related Terms

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Silkflex Polymers (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Silkflex Polymers (India) Ltd (NSE:SILKFLEX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Daga Complex, Sulati Jaladhulagori, Sankrail, Howrah, WB, IND, 711302

Website

https://www.silkflexindia.in

Silkflex Polymers (India) Ltd is engaged in the trading of textile printing inks and water-based wood coating polymer products of a Malaysian brand- "Silkflex" produced by Silkflex Polymers SDN BHD. The business is divided into two categories i.e., textile printing ink products and wood coating products. Textile printing ink products include screen coating, Glue, Machine grade non-pvc inks, Additives, and Specialty water-based non-pvc inks. Wood coating products include Base coat, Top coat, Stains, and Sealer.

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