Roma Green Finance (Roma Green Finance) Receivables Turnover : 4.18 (As of Mar. 2023)

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What is Roma Green Finance 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. Roma Green Finance's Revenue for the six months ended in Mar. 2023 was $0.95 Mil. Roma Green Finance's average Accounts Receivable for the six months ended in Mar. 2023 was $0.23 Mil. Hence, Roma Green Finance's Receivables Turnover for the six months ended in Mar. 2023 was 4.18.

Roma Green Finance Receivables Turnover Historical Data

The historical data trend for Roma Green Finance'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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Roma Green Finance Receivables Turnover Chart

Roma Green Finance Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

4.42

4.28

4.39

Roma Green Finance Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23
Receivables Turnover	-	2.02	2.26	2.80	4.18

Competitive Comparison of Roma Green Finance's Receivables Turnover

For the Consulting Services subindustry, Roma Green Finance'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.

Roma Green Finance's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Roma Green Finance's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Roma Green Finance's Receivables Turnover falls into.

Roma Green Finance Receivables Turnover Calculation

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

Roma Green Finance'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 )
=	1.737	/ (	(0.451	+	0.34)	/	2 )
=	1.737	/	0.3955
=	4.39

Roma Green Finance's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	0.947	/ (	(0.113	+	0.34)	/	2 )
=	0.947	/	0.2265
=	4.18

Roma Green Finance (NAS:ROMA) 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.

Roma Green Finance Receivables Turnover Related Terms

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Roma Green Finance (Roma Green Finance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Roma Green Finance Ltd (NAS:ROMA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Fleming Road, Flat 605, 6 Floor, Tai Tung Building, Wanchai, Hong Kong, HKG

Website

http://www.romaesg.com

Roma Green Finance Ltd is principally engaged in the provision of ESG, corporate governance and risk management as well as sustainability and climate change-related advisory services. The company works closely with its clients to help them understand, identify, manage and overcome various business matters arising from such factors related to ESG, sustainability and climate change. it provides tailored-made sustainability solutions to meet the client's specific needs. Its mission is to provide its clients with a one-stop destination for high-quality and holistic sustainability and climate change-related consulting services to support a more sustainable, balanced and inclusive future for our clients' organizations and the world.

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