Milestone Global (BOM:531338) Receivables Turnover : 1.93 (As of Mar. 2024)

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What is Milestone Global 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. Milestone Global's Revenue for the three months ended in Mar. 2024 was ₹40.0 Mil. Milestone Global's average Accounts Receivable for the three months ended in Mar. 2024 was ₹20.7 Mil. Hence, Milestone Global's Receivables Turnover for the three months ended in Mar. 2024 was 1.93.

Milestone Global Receivables Turnover Historical Data

The historical data trend for Milestone Global'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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Milestone Global Receivables Turnover Chart

Milestone Global Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.97

5.90

6.18

7.79

8.49

Milestone Global 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															2.40	2.33	1.89	2.26	1.93

Competitive Comparison of Milestone Global's Receivables Turnover

For the Leisure subindustry, Milestone Global'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.

Milestone Global's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Milestone Global's Receivables Turnover falls into.

Milestone Global Receivables Turnover Calculation

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

Milestone Global'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 )
=	155.081	/ (	(15.849	+	20.689)	/	2 )
=	155.081	/	18.269
=	8.49

Milestone Global'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 )
=	40.026	/ (	(0	+	20.689)	/	1 )
=	40.026	/	20.689
=	1.93

Milestone Global (BOM:531338) 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.

Milestone Global Receivables Turnover Related Terms

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Milestone Global (BOM:531338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Milestone Global Ltd (BOM:531338) » Definitions » Receivables Turnover

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Address

Chintamani Road, No. 54-B, Hoskote Industrial Area (KIADB), Hoskote, Bangalore, KA, IND, 562114

Website

https://www.milestonegloballimited.com

Milestone Global Ltd is engaged in the manufacture and sale of Polished Granite Monuments. Principally, it is involved in creating monuments and memorials. The company operates through the stone segment. Its geographical segments include the United States of America, Europe, Canada, and India. The company provides custom designs, multi-pieces, sculpted monuments, and stand-alone sculptures. In addition, it also offers Standard specials, DVTs and wedges, Vases, and urns and unusual sets. The company's unit is located in India's granite belt which enables to have access to approximately over 30 colours of granite.

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