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Maha Rashtra Apex (BOM:523384) Receivables Turnover : 4.09 (As of Dec. 2023)


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What is Maha Rashtra Apex 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. Maha Rashtra Apex's Revenue for the three months ended in Dec. 2023 was ₹6.31 Mil. Maha Rashtra Apex's average Accounts Receivable for the three months ended in Dec. 2023 was ₹1.54 Mil. Hence, Maha Rashtra Apex's Receivables Turnover for the three months ended in Dec. 2023 was 4.09.


Maha Rashtra Apex Receivables Turnover Historical Data

The historical data trend for Maha Rashtra Apex'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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Maha Rashtra Apex Receivables Turnover Chart

Maha Rashtra Apex Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.15 8.44 13.66 20.45 12.83

Maha Rashtra Apex 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 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 - 3.70 3.53 4.73 4.09

Competitive Comparison of Maha Rashtra Apex's Receivables Turnover

For the Credit Services subindustry, Maha Rashtra Apex'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.


Maha Rashtra Apex's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Maha Rashtra Apex's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Maha Rashtra Apex's Receivables Turnover falls into.



Maha Rashtra Apex Receivables Turnover Calculation

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

Maha Rashtra Apex'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 )
=21.3 / ((1.973 + 1.347) / 2 )
=21.3 / 1.66
=12.83

Maha Rashtra Apex'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 )
=6.311 / ((1.543 + 0) / 1 )
=6.311 / 1.543
=4.09

* 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.


Maha Rashtra Apex  (BOM:523384) 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.


Maha Rashtra Apex Receivables Turnover Related Terms

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Maha Rashtra Apex (BOM:523384) Business Description

Traded in Other Exchanges
Address
Syndicate House, Upendra Nagar, Manipal, KA, IND, 576104
Maha Rashtra Apex Corp Ltd is an India based finance company. The company is engaged in the business of leasing and hire purchase. The company generates revenue from Income from Hire Purchase, Lease, Loans & Advances, and lodging business.

Maha Rashtra Apex (BOM:523384) Headlines

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