Epigral (NSE:EPIGRAL) Receivables Turnover : 2.93 (As of Mar. 2024)

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What is Epigral 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. Epigral's Revenue for the three months ended in Mar. 2024 was ₹5,246 Mil. Epigral's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,788 Mil. Hence, Epigral's Receivables Turnover for the three months ended in Mar. 2024 was 2.93.

Epigral Receivables Turnover Historical Data

The historical data trend for Epigral'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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Epigral Receivables Turnover Chart

Epigral Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.93

8.46

8.27

10.36

11.18

Epigral Quarterly Data
	Mar18	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											3.38	2.74	2.50	2.47	2.93

Competitive Comparison of Epigral's Receivables Turnover

For the Chemicals subindustry, Epigral'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.

Epigral's Receivables Turnover Distribution in the Chemicals Industry

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

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

Epigral Receivables Turnover Calculation

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

Epigral'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 )
=	19291.916	/ (	(1663.223	+	1787.529)	/	2 )
=	19291.916	/	1725.376
=	11.18

Epigral'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 )
=	5246.33	/ (	(0	+	1787.529)	/	1 )
=	5246.33	/	1787.529
=	2.93

Epigral (NSE:EPIGRAL) 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.

Epigral Receivables Turnover Related Terms

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Epigral (NSE:EPIGRAL) Business Description

Industry

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

Traded in Other Exchanges

543332:India

Address

Corporate Road, 5th Floor, 6th Floor & 7th Floor, Meghmani House, Behind Safal Profitaire, Prahladnagar, Ahmedabad, GJ, IND, 380015

Website

https://www.meghmanifinechem.com

Epigral Ltd Formerly Meghmani Finechem Ltd is a producer of Chlor-Alkali and its Derivatives and specialty chemicals with backward and forward integration facilities. It manufactures Caustic Soda, Caustic Potash, CPVC Resin, Epichlorohydrin, Chlorine, Hydrogen, Chloromethanes, and Hydrogen Peroxide. The company is focused on servicing domestic as well as international markets.

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