Classic Global Finance & Capital (BOM:538433) Receivables Turnover : 0.60 (As of Dec. 2022)

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What is Classic Global Finance & Capital 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. Classic Global Finance & Capital's Revenue for the three months ended in Dec. 2022 was ₹1.40 Mil. Classic Global Finance & Capital's average Accounts Receivable for the three months ended in Dec. 2022 was ₹2.34 Mil. Hence, Classic Global Finance & Capital's Receivables Turnover for the three months ended in Dec. 2022 was 0.60.

Classic Global Finance & Capital Receivables Turnover Historical Data

The historical data trend for Classic Global Finance & Capital'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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Classic Global Finance & Capital Receivables Turnover Chart

Classic Global Finance & Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Receivables Turnover

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0.43

0.53

0.74

1.21

1.84

Classic Global Finance & Capital Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Receivables Turnover	Get a 7-Day Free Trial															0.41	0.85	0.40	0.73	0.60

Competitive Comparison of Classic Global Finance & Capital's Receivables Turnover

For the Capital Markets subindustry, Classic Global Finance & Capital'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.

Classic Global Finance & Capital's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where Classic Global Finance & Capital's Receivables Turnover falls into.

Classic Global Finance & Capital Receivables Turnover Calculation

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

Classic Global Finance & Capital's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Receivables Turnover (A: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2022 )	/ (	(Accounts Receivable (A: Mar. 2021 )	+	Accounts Receivable (A: Mar. 2022 ))	/	count )
=	4.299	/ (	(2.34	+	2.34)	/	2 )
=	4.299	/	2.34
=	1.84

Classic Global Finance & Capital's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	1.398	/ (	(2.34	+	0)	/	1 )
=	1.398	/	2.34
=	0.60

Classic Global Finance & Capital (BOM:538433) 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.

Classic Global Finance & Capital Receivables Turnover Related Terms

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Classic Global Finance & Capital (BOM:538433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Classic Global Finance & Capital Ltd (BOM:538433) » Definitions » Receivables Turnover

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Address

Office Number 8, Sodhi Complex, IInd Floor, Miller Ganj, Opposite Ramgarhia School, Ludhiana, IND, 141003

Website

https://www.classicgfcl.com

Classic Global Finance & Capital Ltd operates as a broking company in India. It offers loans for the purchase of equipment and machinery, working capital loans, loans for business or capacity expansion, term loans against property, loans for the purchase of commercial property, and lease rental discounting services. The company also provides investment services to purchase, acquire, subscribe, hold, and dispose of or otherwise invest/deal in shares, debenture stocks, bonds, obligations and securities, units, and other instruments. In addition, it acts as an agent/sub-agent of various agencies, mutual funds, and institutions for the mobilization of funds, deposits, and loans or other securities/units.

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