Srivasavi Adhesive Tapes (NSE:SRIVASAVI) Receivables Turnover : 2.75 (As of Sep. 2023)

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What is Srivasavi Adhesive Tapes 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. Srivasavi Adhesive Tapes's Revenue for the six months ended in Sep. 2023 was ₹400.7 Mil. Srivasavi Adhesive Tapes's average Accounts Receivable for the six months ended in Sep. 2023 was ₹145.8 Mil. Hence, Srivasavi Adhesive Tapes's Receivables Turnover for the six months ended in Sep. 2023 was 2.75.

Srivasavi Adhesive Tapes Receivables Turnover Historical Data

The historical data trend for Srivasavi Adhesive Tapes'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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Srivasavi Adhesive Tapes Receivables Turnover Chart

Srivasavi Adhesive Tapes Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

4.92

5.58

6.18

5.24

Srivasavi Adhesive Tapes Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			-	-	3.02	2.53	2.75

Competitive Comparison of Srivasavi Adhesive Tapes's Receivables Turnover

For the Specialty Chemicals subindustry, Srivasavi Adhesive Tapes'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.

Srivasavi Adhesive Tapes's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Srivasavi Adhesive Tapes's Receivables Turnover falls into.

Srivasavi Adhesive Tapes Receivables Turnover Calculation

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

Srivasavi Adhesive Tapes'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 )
=	591.8	/ (	(100.8	+	124.9)	/	2 )
=	591.8	/	112.85
=	5.24

Srivasavi Adhesive Tapes's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	400.715	/ (	(124.9	+	166.71)	/	2 )
=	400.715	/	145.805
=	2.75

Srivasavi Adhesive Tapes (NSE:SRIVASAVI) 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.

Srivasavi Adhesive Tapes Receivables Turnover Related Terms

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Srivasavi Adhesive Tapes (NSE:SRIVASAVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Srivasavi Adhesive Tapes Ltd (NSE:SRIVASAVI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kodigehalli Main Road, Kodigehalli, 17/2, 2nd Floor, Above Sub Registrar Office, Near Chairman’s Club, Sahakarnagar, Sanjeevini Nagar, Bangalore, KA, IND, 560092

Website

https://www.vasavitapes.com

Srivasavi Adhesive Tapes Ltd is engaged in manufacturing, coating, converting and distribution of Adhesive tapes, Die cuts, Films, Foams and allied products. The company caters to various industries such as Automotive, Locomotives, Aerospace, Defence, Electrical & Electronics, Renewable Energy, Solar, Print & Paper, Food & Pharma, FMCG, White & Brown Goods, Furniture, Retail, Construction, Infrastructure, Sports & Fitness Equipment. The company has two business divisions Domestic Sales and Exports.

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