Organic Coatings (BOM:531157) Receivables Turnover : 1.01 (As of Dec. 2023)

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What is Organic Coatings 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. Organic Coatings's Revenue for the three months ended in Dec. 2023 was ₹61.1 Mil. Organic Coatings's average Accounts Receivable for the three months ended in Dec. 2023 was ₹60.5 Mil. Hence, Organic Coatings's Receivables Turnover for the three months ended in Dec. 2023 was 1.01.

Organic Coatings Receivables Turnover Historical Data

The historical data trend for Organic Coatings'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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Organic Coatings Receivables Turnover Chart

Organic Coatings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.68

4.33

2.88

3.51

3.33

Organic Coatings 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															0.70	0.79	1.05	0.86	1.01

Competitive Comparison of Organic Coatings's Receivables Turnover

For the Specialty Chemicals subindustry, Organic Coatings'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.

Organic Coatings's Receivables Turnover Distribution in the Chemicals Industry

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

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

Organic Coatings Receivables Turnover Calculation

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

Organic Coatings'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 )
=	218.894	/ (	(69.573	+	61.904)	/	2 )
=	218.894	/	65.7385
=	3.33

Organic Coatings'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 )
=	61.057	/ (	(60.481	+	0)	/	1 )
=	61.057	/	60.481
=	1.01

Organic Coatings (BOM:531157) 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.

Organic Coatings Receivables Turnover Related Terms

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Organic Coatings (BOM:531157) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Organic Coatings Ltd (BOM:531157) » Definitions » Receivables Turnover

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Address

Unit No.405, Atlanta Estate Premises Co-op. Soc. Ltd., Vitth Bhatti, Near Virwani Industrial Estate, Goregaon (East), Mumbai, MH, IND, 400063

Website

http://www.organiccoatingsltd.com

Organic Coatings Ltd is a chemical manufacturing company in India. It is engaged in the business of manufacturing and trading of printing inks and allied products. It offers offset ink products, including web offset publications and heat set inks; UV inks for dry offset, flexo, wet offset-sheetfed and web, and silkscreen applications; water-based flexo inks; Security inks and Specialty Inks. Geographically the company caters its products across India and to other countries. It operates through one segment that is Printing Inks and generates revenue from the same.

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