Yasons Chemex Care (NSE:YCCL) Receivables Turnover : 3.10 (As of Mar. 2023)

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What is Yasons Chemex Care 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. Yasons Chemex Care's Revenue for the six months ended in Mar. 2023 was ₹367.7 Mil. Yasons Chemex Care's average Accounts Receivable for the six months ended in Mar. 2023 was ₹118.7 Mil. Hence, Yasons Chemex Care's Receivables Turnover for the six months ended in Mar. 2023 was 3.10.

Yasons Chemex Care Receivables Turnover Historical Data

The historical data trend for Yasons Chemex Care'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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Yasons Chemex Care Receivables Turnover Chart

Yasons Chemex Care Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

2.15

2.09

1.49

1.91

3.10

Yasons Chemex Care Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Mar23
Receivables Turnover	2.15	2.09	1.49	1.91	3.10

Competitive Comparison of Yasons Chemex Care's Receivables Turnover

For the Specialty Chemicals subindustry, Yasons Chemex Care'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.

Yasons Chemex Care's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Yasons Chemex Care's Receivables Turnover falls into.

Yasons Chemex Care Receivables Turnover Calculation

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

Yasons Chemex Care'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 )
=	367.727	/ (	(123.501	+	113.901)	/	2 )
=	367.727	/	118.701
=	3.10

Yasons Chemex Care's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	367.727	/ (	(123.501	+	113.901)	/	2 )
=	367.727	/	118.701
=	3.10

Yasons Chemex Care (NSE:YCCL) 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.

Yasons Chemex Care Receivables Turnover Related Terms

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Yasons Chemex Care Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Yasons Chemex Care Ltd (NSE:YCCL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

132ft Ring Road, 4th floor, 412 Sigma Icon-1, Opposite Medilink Hospital, Satellite, Ahmedabad, GJ, IND, 380015

Website

https://www.yasonschemexcare.com

Yasons Chemex Care Ltd is engaged in manufacturing dyes & pigment paste, IMCG, and FMCG products. The IMCG products of the company includes Textile dyes, pigments and paints. The Company also manufactures a wide range of pigment paste from various chemicals. Within FMCG it manufactures or packages products such as hair oil, perfumes & deodorant, handmade soap, sanitizer, etc., under its brand name PLXO.

Yasons Chemex Care Headlines

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