SRF (NSE:SRF) Receivables Turnover : 1.80 (As of Mar. 2024)

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What is SRF 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. SRF's Revenue for the three months ended in Mar. 2024 was ₹35,059 Mil. SRF's average Accounts Receivable for the three months ended in Mar. 2024 was ₹19,428 Mil. Hence, SRF's Receivables Turnover for the three months ended in Mar. 2024 was 1.80.

SRF Receivables Turnover Historical Data

The historical data trend for SRF'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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SRF Receivables Turnover Chart

SRF Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.36

7.66

8.03

8.16

6.93

SRF Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.08	1.84	1.79	1.71	1.80

Competitive Comparison of SRF's Receivables Turnover

For the Specialty Chemicals subindustry, SRF'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.

SRF's Receivables Turnover Distribution in the Chemicals Industry

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

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

SRF Receivables Turnover Calculation

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

SRF'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 )
=	129103.5	/ (	(17856.2	+	19428.2)	/	2 )
=	129103.5	/	18642.2
=	6.93

SRF'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	35059.2	/ (	(0	+	19428.2)	/	1 )
=	35059.2	/	19428.2
=	1.80

SRF (NSE:SRF) 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.

SRF Receivables Turnover Related Terms

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SRF (NSE:SRF) Business Description

Industry

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

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Traded in Other Exchanges

503806:India

Address

Block - C, Sector - 45, Gurugram, HR, IND, 122 003

Website

https://www.srf.com

SRF Ltd operates in the textiles, chemical and packaging business based in India. The company generates around half of its revenue internationally and operates through four business segments. The technical textiles business offers products such as nylon tyre cords, belting fabric, coated fabrics, laminated fabric, polyester tyre cords, and industrial yarns. The chemicals business provides refrigerant gases, pharmaceuticals, and fluorochemicals. Finally, the packaging film business offers polyester films used to package food, cosmetics, healthcare, and personal products. The other segment includes coated fabric, laminated fabric, and engineering plastics. The Chemicals business segment act as a major revenue driver for the firm.