Sugal & Damani Share Brokers (BOM:511654) Receivables Turnover : 9.05 (As of Mar. 2024)

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What is Sugal & Damani Share Brokers 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. Sugal & Damani Share Brokers's Revenue for the three months ended in Mar. 2024 was ₹20.92 Mil. Sugal & Damani Share Brokers's average Accounts Receivable for the three months ended in Mar. 2024 was ₹2.31 Mil. Hence, Sugal & Damani Share Brokers's Receivables Turnover for the three months ended in Mar. 2024 was 9.05.

Sugal & Damani Share Brokers Receivables Turnover Historical Data

The historical data trend for Sugal & Damani Share Brokers'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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Sugal & Damani Share Brokers Receivables Turnover Chart

Sugal & Damani Share Brokers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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0.65

1.02

3.66

3.55

25.35

Sugal & Damani Share Brokers 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															1.87	2.86	0.36	0.14	9.05

Competitive Comparison of Sugal & Damani Share Brokers's Receivables Turnover

For the Capital Markets subindustry, Sugal & Damani Share Brokers'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.

Sugal & Damani Share Brokers's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Sugal & Damani Share Brokers's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sugal & Damani Share Brokers's Receivables Turnover falls into.

Sugal & Damani Share Brokers Receivables Turnover Calculation

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

Sugal & Damani Share Brokers'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 )
=	48.824	/ (	(1.541	+	2.311)	/	2 )
=	48.824	/	1.926
=	25.35

Sugal & Damani Share Brokers'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 )
=	20.921	/ (	(0	+	2.311)	/	1 )
=	20.921	/	2.311
=	9.05

Sugal & Damani Share Brokers (BOM:511654) 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.

Sugal & Damani Share Brokers Receivables Turnover Related Terms

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Sugal & Damani Share Brokers (BOM:511654) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Sugal & Damani Share Brokers Ltd (BOM:511654) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No.7, Anna Salai, City Centre Plaza, 1st floor, Chennai, TN, IND, 600002

Website

https://www.sugalshare.com

Sugal & Damani Share Brokers Ltd provides share broking services in India. It engages in the brokerage and distribution of equities, commodities; and provision of Internet trading, depository, FPOs underwriting and broking, and other financial and advisory services. The Company operates only in one segment of business which is Share Broking. The company also provides brokerage and distribution of equities, commodity trading, equity and derivatives trading, depository services and online trading services.

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