Mangalam Organics (BOM:514418) Receivables Turnover : 2.22 (As of Sep. 2023)

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What is Mangalam Organics 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. Mangalam Organics's Revenue for the three months ended in Sep. 2023 was ₹1,689 Mil. Mangalam Organics's average Accounts Receivable for the three months ended in Sep. 2023 was ₹762 Mil. Hence, Mangalam Organics's Receivables Turnover for the three months ended in Sep. 2023 was 2.22.

Mangalam Organics Receivables Turnover Historical Data

The historical data trend for Mangalam Organics'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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Mangalam Organics Receivables Turnover Chart

Mangalam Organics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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10.92

10.29

12.50

10.76

9.54

Mangalam Organics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.68	2.19	2.29	2.22	-

Competitive Comparison of Mangalam Organics's Receivables Turnover

For the Specialty Chemicals subindustry, Mangalam Organics'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.

Mangalam Organics's Receivables Turnover Distribution in the Chemicals Industry

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

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

Mangalam Organics Receivables Turnover Calculation

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

Mangalam Organics'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 )
=	4935.196	/ (	(474.899	+	560.152)	/	2 )
=	4935.196	/	517.5255
=	9.54

Mangalam Organics'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: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	1689.011	/ (	(0	+	761.852)	/	1 )
=	1689.011	/	761.852
=	2.22

Mangalam Organics (BOM:514418) 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.

Mangalam Organics Receivables Turnover Related Terms

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Mangalam Organics (BOM:514418) Business Description

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MANORG:India

Address

Free Press Journal Marg, 812/813, Tulsiani Chamber, 212, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.mangalamorganics.com

Mangalam Organics Ltd is an India-based company involved in manufacturing chemicals. It is engaged in manufacturing Camphor, Resin, and Sodium Acetate. Its primary segments are Synthetic Resin operations, Terpene operations, and Retail operations. Its production unit is located at Kumbhivali, Maharashtra state, India. The terpene products segment, which generates a vast majority of the revenue, includes Camphor technical, Camphene, Isobornyl acetate, Isoborneol, Dipentene, Camphor oil, Pine tar, Pine oil among others. Its resin products include Penta ester gum, Glycerol ester gum, and Gum rosin among others.

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