Avonmore Capital & Management Services (BOM:511589) Receivables Turnover : 0.75 (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Avonmore Capital & Management Services 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. Avonmore Capital & Management Services's Revenue for the three months ended in Mar. 2024 was ₹516 Mil. Avonmore Capital & Management Services's average Accounts Receivable for the three months ended in Mar. 2024 was ₹686 Mil. Hence, Avonmore Capital & Management Services's Receivables Turnover for the three months ended in Mar. 2024 was 0.75.

Avonmore Capital & Management Services Receivables Turnover Historical Data

The historical data trend for Avonmore Capital & Management Services'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.

* Premium members only.

Avonmore Capital & Management Services Receivables Turnover Chart

Avonmore Capital & Management Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

2.11

2.07

2.25

5.59

2.31

Avonmore Capital & Management Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.69	0.51	0.72	0.93	0.75

Competitive Comparison of Avonmore Capital & Management Services's Receivables Turnover

For the Capital Markets subindustry, Avonmore Capital & Management Services'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.

Avonmore Capital & Management Services's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Avonmore Capital & Management Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Avonmore Capital & Management Services's Receivables Turnover falls into.

Avonmore Capital & Management Services Receivables Turnover Calculation

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

Avonmore Capital & Management Services'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 )
=	1211.8	/ (	(363.026	+	686.4)	/	2 )
=	1211.8	/	524.713
=	2.31

Avonmore Capital & Management Services'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 )
=	515.9	/ (	(0	+	686.4)	/	1 )
=	515.9	/	686.4
=	0.75

Avonmore Capital & Management Services (BOM:511589) 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.

Avonmore Capital & Management Services Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Avonmore Capital & Management Services's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Avonmore Capital & Management Services (BOM:511589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Avonmore Capital & Management Services Ltd (BOM:511589) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AVONMORE:India

Address

F-33/3, Okhla Industrial Area, Phase-II, New Delhi, IND, 110 020

Website

https://www.avonmorecapital.in/

Avonmore Capital & Management Services Ltd is a non-banking financial institution. The company's business segments are debt and equity market operations which comprise trading in securities and bonds; consultancy and advisory fees comprise merchant banking, underwriting commission, corporate and infrastructure advisory, and loan syndication fees and arranger of debts; investment activities comprise profit on the sale of an investment; finance activities comprise granting of loans; wealth advisory/broking activities; healthcare activities comprises to establish, administer, own and run the eye care hospitals. Wealth / Broking activities comprises commodity broking on various commodity exchanges in the country, stock and share broking on National Stock Exchange of India Limited.

Avonmore Capital & Management Services (BOM:511589) Headlines

No Headlines