Jio Financial Services (BOM:543940) Receivables Turnover : 10.12 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Jio Financial Services 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. Jio Financial Services's Revenue for the three months ended in Dec. 2023 was ₹3,104 Mil. Jio Financial Services's average Accounts Receivable for the three months ended in Dec. 2023 was ₹307 Mil. Hence, Jio Financial Services's Receivables Turnover for the three months ended in Dec. 2023 was 10.12.

Jio Financial Services Receivables Turnover Historical Data

The historical data trend for Jio Financial Services'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.

* Premium members only.

Jio Financial Services Receivables Turnover Chart

Jio Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

1.30

6.16

0.08

Jio Financial Services Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				-	-	-	2.98	10.12

Competitive Comparison of Jio Financial Services's Receivables Turnover

For the Asset Management subindustry, Jio Financial Services'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.

Jio Financial Services's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Jio Financial Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jio Financial Services's Receivables Turnover falls into.

Jio Financial Services Receivables Turnover Calculation

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

Jio Financial Services'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 )
=	211.9	/ (	(0	+	2676.7)	/	1 )
=	211.9	/	2676.7
=	0.08

Jio Financial Services'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 )
=	3103.5	/ (	(306.6	+	0)	/	1 )
=	3103.5	/	306.6
=	10.12

Jio Financial Services (BOM:543940) 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.

Jio Financial Services Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Jio Financial Services's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Jio Financial Services (BOM:543940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Jio Financial Services Ltd (BOM:543940) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

JIOFIN:India

Address

222 Nariman Point, 9th Floor, Maker Chambers 4, Mumbai, MH, IND, 400021

Website

https://www.jfs.in

Jio Financial Services Ltd operates as an investment company. The Company is a registered Non-Banking Financial Company - Systemically Important Non-Deposit taking Company. The company is engaged in the business of finance, trading in futures and options, trading/investments in shares and securities in India.

Jio Financial Services (BOM:543940) Headlines

No Headlines