Pakistan Stock Exchange (KAR:PSX) Receivables Turnover : 0.98 (As of Mar. 2024)

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What is Pakistan Stock Exchange 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. Pakistan Stock Exchange's Revenue for the three months ended in Mar. 2024 was ₨428 Mil. Pakistan Stock Exchange's average Accounts Receivable for the three months ended in Mar. 2024 was ₨436 Mil. Hence, Pakistan Stock Exchange's Receivables Turnover for the three months ended in Mar. 2024 was 0.98.

Pakistan Stock Exchange Receivables Turnover Historical Data

The historical data trend for Pakistan Stock Exchange'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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Pakistan Stock Exchange Receivables Turnover Chart

Pakistan Stock Exchange Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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8.24

6.60

11.40

11.05

8.03

Pakistan Stock Exchange 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															1.83	1.68	1.42	1.52	0.98

Competitive Comparison of Pakistan Stock Exchange's Receivables Turnover

For the Financial Data & Stock Exchanges subindustry, Pakistan Stock Exchange'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.

Pakistan Stock Exchange's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Pakistan Stock Exchange's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pakistan Stock Exchange's Receivables Turnover falls into.

Pakistan Stock Exchange Receivables Turnover Calculation

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

Pakistan Stock Exchange's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	1224.087	/ (	(118.547	+	186.309)	/	2 )
=	1224.087	/	152.428
=	8.03

Pakistan Stock Exchange'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 )
=	428.132	/ (	(440.578	+	431.266)	/	2 )
=	428.132	/	435.922
=	0.98

Pakistan Stock Exchange (KAR:PSX) 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.

Pakistan Stock Exchange Receivables Turnover Related Terms

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Pakistan Stock Exchange (KAR:PSX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Pakistan Stock Exchange Ltd (KAR:PSX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Stock Exchange Road, Stock Exchange Building, Karachi, SD, PAK, 74000

Website

https://www.psx.com.pk

Pakistan Stock Exchange Ltd is engaged in conducting, regulating and controlling the trade or business of purchasing, selling and trading in debentures stock, government papers, shares, scrips, stocks, bonds, loans, and any other instruments and securities. The products of the company involve Equity Segments, known as Ready Market (T+2), Bills & Bonds (for trading in government debt securities & corporate debt), Futures Counter, Deliverable Futures Contracts, Stock Index Futures, Negotiated Deal Market, REIT, Exchange Traded Funds and GEM Board.