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Jindal Hotels (BOM:507981) Receivables Turnover : 7.12 (As of Mar. 2024)


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What is Jindal Hotels 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. Jindal Hotels's Revenue for the three months ended in Mar. 2024 was ₹127.8 Mil. Jindal Hotels's average Accounts Receivable for the three months ended in Mar. 2024 was ₹18.0 Mil. Hence, Jindal Hotels's Receivables Turnover for the three months ended in Mar. 2024 was 7.12.


Jindal Hotels Receivables Turnover Historical Data

The historical data trend for Jindal Hotels'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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Jindal Hotels Receivables Turnover Chart

Jindal Hotels 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 31.52 20.33 36.33 33.72 26.12

Jindal Hotels 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 7.23 5.96 3.95 5.70 7.12

Competitive Comparison of Jindal Hotels's Receivables Turnover

For the Lodging subindustry, Jindal Hotels'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.


Jindal Hotels's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Jindal Hotels's Receivables Turnover distribution charts can be found below:

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



Jindal Hotels Receivables Turnover Calculation

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

Jindal Hotels'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 )
=431.732 / ((15.108 + 17.953) / 2 )
=431.732 / 16.5305
=26.12

Jindal Hotels'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 )
=127.766 / ((0 + 17.953) / 1 )
=127.766 / 17.953
=7.12

* 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.


Jindal Hotels  (BOM:507981) 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.


Jindal Hotels Receivables Turnover Related Terms

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Jindal Hotels (BOM:507981) Business Description

Traded in Other Exchanges
N/A
Address
GRAND MERCURE Vadodara Surya Palace, Sayajigunj, Vadodara, GJ, IND, 390020
Jindal Hotels Ltd is engaged in providing food and beverage, wine, and accommodation services. The company operates in a single segment namely Hoteliering. It is in the business of operating a three-star category hotel namely Hotel Surya Palace, and Restaurant which includes the Azure restaurant. The company operates a business hotel in Vadodara city with approximately 143 guest rooms, 6 large and medium banquet halls, a boardroom, a restaurant, a swimming pool, a health club, a liquor shop, and various other amenities.

Jindal Hotels (BOM:507981) Headlines

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