Unilex Colours and Chemicals (NSE:UNILEX) Receivables Turnover : 3.67 (As of Mar. 2024)

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What is Unilex Colours and Chemicals 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. Unilex Colours and Chemicals's Revenue for the six months ended in Mar. 2024 was ₹1,439 Mil. Unilex Colours and Chemicals's average Accounts Receivable for the six months ended in Mar. 2024 was ₹391 Mil. Hence, Unilex Colours and Chemicals's Receivables Turnover for the six months ended in Mar. 2024 was 3.67.

Unilex Colours and Chemicals Receivables Turnover Historical Data

The historical data trend for Unilex Colours and Chemicals'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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Unilex Colours and Chemicals Receivables Turnover Chart

Unilex Colours and Chemicals Annual Data

Trend

Mar22

Mar23

Mar24

Receivables Turnover

4.39

4.16

3.67

Unilex Colours and Chemicals Semi-Annual Data
	Mar22	Mar23	Mar24
Receivables Turnover	4.39	4.16	3.67

Competitive Comparison of Unilex Colours and Chemicals's Receivables Turnover

For the Specialty Chemicals subindustry, Unilex Colours and Chemicals'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.

Unilex Colours and Chemicals's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Unilex Colours and Chemicals's Receivables Turnover falls into.

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Unilex Colours and Chemicals Receivables Turnover Calculation

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

Unilex Colours and Chemicals'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 )
=	1438.501	/ (	(338.777	+	444.217)	/	2 )
=	1438.501	/	391.497
=	3.67

Unilex Colours and Chemicals'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 )
=	1438.501	/ (	(338.777	+	444.217)	/	2 )
=	1438.501	/	391.497
=	3.67

Unilex Colours and Chemicals (NSE:UNILEX) 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.

Unilex Colours and Chemicals Receivables Turnover Related Terms

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Unilex Colours and Chemicals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Unilex Colours and Chemicals Ltd (NSE:UNILEX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chincholi Bunder Road, 106/107, Floor, Advent, Atria, 1st Floor, Malad West, Mumbai, MH, IND, 400064

Website

https://www.unilexcolours.in

Unilex Colours and Chemicals Ltd is engaged in the business of manufacturing of Pigment, and the trading of chemicals and food colours. The pigments manufactured by the company find diverse applications across various industries such as plastic, rubber, textiles, paper, printing inks, paints and coating. Its products are marketed under the registered brand name Unilex.

Unilex Colours and Chemicals Headlines

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