SPP Polymer (NSE:SPPPOLY) Receivables Turnover : 8.36 (As of Mar. 2024)

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What is SPP Polymer 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. SPP Polymer's Revenue for the six months ended in Mar. 2024 was ₹917.5 Mil. SPP Polymer's average Accounts Receivable for the six months ended in Mar. 2024 was ₹109.7 Mil. Hence, SPP Polymer's Receivables Turnover for the six months ended in Mar. 2024 was 8.36.

SPP Polymer Receivables Turnover Historical Data

The historical data trend for SPP Polymer'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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SPP Polymer Receivables Turnover Chart

SPP Polymer Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

6.74

8.05

7.32

8.36

SPP Polymer Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Receivables Turnover	6.74	8.05	7.32	8.36

Competitive Comparison of SPP Polymer's Receivables Turnover

For the Packaging & Containers subindustry, SPP Polymer'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.

SPP Polymer's Receivables Turnover Distribution in the Packaging & Containers Industry

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

* The bar in red indicates where SPP Polymer's Receivables Turnover falls into.

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SPP Polymer Receivables Turnover Calculation

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

SPP Polymer'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 )
=	917.511	/ (	(78.256	+	141.183)	/	2 )
=	917.511	/	109.7195
=	8.36

SPP Polymer's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	917.511	/ (	(78.256	+	141.183)	/	2 )
=	917.511	/	109.7195
=	8.36

SPP Polymer (NSE:SPPPOLY) 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.

SPP Polymer Receivables Turnover Related Terms

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SPP Polymer Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » SPP Polymer Ltd (NSE:SPPPOLY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No-04, Sector-01, IIE, SIIDCUL, Pantnagar, Udhamsingh Nagar, Rudrapur, UT, IND, 263153

Website

https://www.spppolymer.com

SPP Polymer Ltd is engaged in the business of manufacturing of HDPE/PP woven fabric & bags, non-woven fabrics & bags and PP Multifilament yarn. It offers packaging solutions to business-to-business (B2B) manufacturers catering to different industries such as cement, chemicals, food grains, sugars, polymers, agriculture, and others for the packaging of goods in big quantities.

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