Mahavir Industries (BOM:531648) Receivables Turnover : 0.00 (As of Mar. 2022)

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What is Mahavir Industries 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. Mahavir Industries's Revenue for the three months ended in Mar. 2022 was ₹-1.50 Mil. Mahavir Industries's average Accounts Receivable for the three months ended in Mar. 2022 was ₹0.07 Mil.

Mahavir Industries Receivables Turnover Historical Data

The historical data trend for Mahavir Industries'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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Mahavir Industries Receivables Turnover Chart

Mahavir Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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1.25

1.03

0.82

Mahavir Industries Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Mar23
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Mahavir Industries's Receivables Turnover

For the Information Technology Services subindustry, Mahavir Industries'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.

Mahavir Industries's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Mahavir Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mahavir Industries's Receivables Turnover falls into.

Mahavir Industries Receivables Turnover Calculation

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

Mahavir Industries'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 )
=	0	/ (	(0.068	+	0)	/	1 )
=	0	/	0.068
=	N/A

Mahavir Industries's Receivables Turnover for the quarter that ended in Mar. 2022 is calculated as

	Receivables Turnover (Q: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Mar. 2022 ))	/	count )
=	-1.5	/ (	(0	+	0.068)	/	1 )
=	-1.5	/	0.068
=	N/A

Mahavir Industries (BOM:531648) 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.

Mahavir Industries Receivables Turnover Related Terms

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Mahavir Industries (BOM:531648) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mahavir Industries Ltd (BOM:531648) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 26, S V Road, Jn Of Jawahar Ngr Road No. 4, Wing-B, 115, Shalimar Miracle, Goregaon (West), Mumbai, MH, IND, 400062

Website

http://www.miltd.co.in

Mahavir Industries Ltd is engaged in the business of IT and IT-enabled services and Infrastructure business.

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