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Indo Euro Indchem (BOM:524458) Receivables Turnover : 0.86 (As of Mar. 2024)


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What is Indo Euro Indchem 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. Indo Euro Indchem's Revenue for the three months ended in Mar. 2024 was ₹74.1 Mil. Indo Euro Indchem's average Accounts Receivable for the three months ended in Mar. 2024 was ₹86.0 Mil. Hence, Indo Euro Indchem's Receivables Turnover for the three months ended in Mar. 2024 was 0.86.


Indo Euro Indchem Receivables Turnover Historical Data

The historical data trend for Indo Euro Indchem'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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Indo Euro Indchem Receivables Turnover Chart

Indo Euro Indchem Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.97 1.56 3.28 1.28 1.34

Indo Euro Indchem Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.37 0.19 0.15 0.15 0.86

Competitive Comparison of Indo Euro Indchem's Receivables Turnover

For the Conglomerates subindustry, Indo Euro Indchem'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.


Indo Euro Indchem's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Indo Euro Indchem's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Indo Euro Indchem's Receivables Turnover falls into.



Indo Euro Indchem Receivables Turnover Calculation

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

Indo Euro Indchem'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 )
=108.206 / ((75.688 + 86.038) / 2 )
=108.206 / 80.863
=1.34

Indo Euro Indchem'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 )
=74.073 / ((0 + 86.038) / 1 )
=74.073 / 86.038
=0.86

* 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.


Indo Euro Indchem  (BOM:524458) 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.


Indo Euro Indchem Receivables Turnover Related Terms

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Indo Euro Indchem (BOM:524458) Business Description

Traded in Other Exchanges
N/A
Address
B-9 TO B-16, M.I.D.C, Osmanabad, MH, IND, 413501
Indo Euro Indchem Ltd is engaged in the trading of specialty chemicals, poultry feeds, base paper, press plates, tissue paper, and laminates.

Indo Euro Indchem (BOM:524458) Headlines

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