Abans Holdings (NSE:AHL) Receivables Turnover : 1.20 (As of Mar. 2024)

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What is Abans Holdings 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. Abans Holdings's Revenue for the three months ended in Mar. 2024 was ₹2,662 Mil. Abans Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was ₹2,210 Mil. Hence, Abans Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 1.20.

Abans Holdings Receivables Turnover Historical Data

The historical data trend for Abans Holdings'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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Abans Holdings Receivables Turnover Chart

Abans Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

6.19

3.17

1.79

4.17

5.87

Abans Holdings Quarterly Data
	Mar20	Mar21	Mar22	Aug22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial					2.35	1.01	1.75	2.44	1.20

Competitive Comparison of Abans Holdings's Receivables Turnover

For the Capital Markets subindustry, Abans Holdings'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.

Abans Holdings's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where Abans Holdings's Receivables Turnover falls into.

Abans Holdings Receivables Turnover Calculation

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

Abans Holdings'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 )
=	13783.422	/ (	(2488.237	+	2210.193)	/	2 )
=	13783.422	/	2349.215
=	5.87

Abans Holdings'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 )
=	2662.13	/ (	(0	+	2210.193)	/	1 )
=	2662.13	/	2210.193
=	1.20

Abans Holdings (NSE:AHL) 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.

Abans Holdings Receivables Turnover Related Terms

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Abans Holdings (NSE:AHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abans Holdings Ltd (NSE:AHL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

543712:India

Address

Backbay Reclamation, 36, 37, 38A, Floor 3, 227 Nariman Bhavan, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.abansholdings.com

Abans Holdings Ltd is engaged in providing financial services. The principal activities of the Company consist of general trading of agri commodities, precious metals, trading In debentures, securities, and derivative contracts on recognized stock exchanges. The company is also engaged in advisory services like Investment Banking, Corporate Finance, Project Finance, Trade Finance, and providing Business & Retail Loans, unsecured as well as secured against collateral security of immovable property, agricultural stocks, liquid assets like shares, other financial assets, etc. The operating segments are; Agency business, Internal treasury operations, Lending activities, and Others. The majority of its revenue is derived from the Internal treasury operations segment.