Gujarat Containers (BOM:513507) Receivables Turnover : 1.36 (As of Dec. 2023)

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What is Gujarat Containers 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. Gujarat Containers's Revenue for the three months ended in Dec. 2023 was ₹377 Mil. Gujarat Containers's average Accounts Receivable for the three months ended in Dec. 2023 was ₹277 Mil. Hence, Gujarat Containers's Receivables Turnover for the three months ended in Dec. 2023 was 1.36.

Gujarat Containers Receivables Turnover Historical Data

The historical data trend for Gujarat Containers'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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Gujarat Containers Receivables Turnover Chart

Gujarat Containers Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.24

3.89

4.46

6.18

5.38

Gujarat Containers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.91	1.18	1.32	1.29	1.36

Competitive Comparison of Gujarat Containers's Receivables Turnover

For the Packaging & Containers subindustry, Gujarat Containers'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.

Gujarat Containers's Receivables Turnover Distribution in the Packaging & Containers Industry

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

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

Gujarat Containers Receivables Turnover Calculation

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

Gujarat Containers'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 )
=	1322.927	/ (	(250.506	+	241.44)	/	2 )
=	1322.927	/	245.973
=	5.38

Gujarat Containers's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	377.254	/ (	(277.211	+	0)	/	1 )
=	377.254	/	277.211
=	1.36

Gujarat Containers (BOM:513507) 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.

Gujarat Containers Receivables Turnover Related Terms

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Gujarat Containers (BOM:513507) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Gujarat Containers Ltd (BOM:513507) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

R.C.Dutt Road, 201/202, Alkapuri Arcade, B Wing, Opposite Welcome Hotel, Alkapuri, Vadodara, GJ, IND, 390007

Website

https://www.gujaratcontainers.com

Gujarat Containers Ltd is a container manufacturing company. It is engaged in the manufacturing of various types of barrels. Its products include galvanized, epoxy, composite, all side welded, open-top, M.S. plain, non-return valve, HMHDPE, and GP sheet barrels, as well as carboys and liners, and jerry cans. The company offers its products for applications in various industries, including a plethora of chemicals; agrochemicals, aromatic products; paints, coatings, and dyestuff; food products; petroleum products and their by-products; lubricating oils; pharmaceutical; hazardous chemicals; and resins. The company operates in one operating segment namely, the business of manufacturing steel barrels.

Gujarat Containers (BOM:513507) Headlines

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