Pace E Commerce Ventures (BOM:543637) Receivables Turnover : 7.07 (As of Mar. 2024)

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What is Pace E Commerce Ventures 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. Pace E Commerce Ventures's Revenue for the six months ended in Mar. 2024 was ₹295.9 Mil. Pace E Commerce Ventures's average Accounts Receivable for the six months ended in Mar. 2024 was ₹41.9 Mil. Hence, Pace E Commerce Ventures's Receivables Turnover for the six months ended in Mar. 2024 was 7.07.

Pace E Commerce Ventures Receivables Turnover Historical Data

The historical data trend for Pace E Commerce Ventures'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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Pace E Commerce Ventures Receivables Turnover Chart

Pace E Commerce Ventures Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

4.01

3.75

6.27

5.03

8.97

Pace E Commerce Ventures Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			-	10.09	-	1.68	7.07

Competitive Comparison of Pace E Commerce Ventures's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Pace E Commerce Ventures'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.

Pace E Commerce Ventures's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Pace E Commerce Ventures's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pace E Commerce Ventures's Receivables Turnover falls into.

Pace E Commerce Ventures Receivables Turnover Calculation

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

Pace E Commerce Ventures'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 )
=	428.141	/ (	(84.614	+	10.816)	/	2 )
=	428.141	/	47.715
=	8.97

Pace E Commerce Ventures'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	295.905	/ (	(72.916	+	10.816)	/	2 )
=	295.905	/	41.866
=	7.07

Pace E Commerce Ventures (BOM:543637) 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.

Pace E Commerce Ventures Receivables Turnover Related Terms

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Pace E Commerce Ventures (BOM:543637) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Pace E Commerce Ventures Ltd (BOM:543637) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shahibaug, Office no.423, 4th Floor, „C? Block, Sumel -11, Opposite Namaste Circle, Ahmedabad, GJ, IND, 380004

Website

https://www.cotandcandy.com

Pace E Commerce Ventures Ltd offers children's furniture, bedding, housewares and essentials. The company's product portfolio includes Beds and Cribs, Seating and Lounging, Storage and Organisers, Playroom Furniture, Bins and Baskets, Décor and Accessories, Kids Bedding, Baby Bedding, Baby and Kids Essentials, Dinning Essentials and Homeware, Sports Ride Ons and Outdoor, Art and Craft, Games and Puzzles, Scooters and Ride Ons, Dolls Action figures and soft toys.

Pace E Commerce Ventures (BOM:543637) Headlines

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