Zoomcar Holdings (Zoomcar Holdings) Receivables Turnover : 9.31 (As of Dec. 2023)

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What is Zoomcar 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. Zoomcar Holdings's Revenue for the three months ended in Dec. 2023 was $2.42 Mil. Zoomcar Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was $0.26 Mil. Hence, Zoomcar Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 9.31.

Zoomcar Holdings Receivables Turnover Historical Data

The historical data trend for Zoomcar 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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Zoomcar Holdings Receivables Turnover Chart

Zoomcar Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

162.38

95.86

38.46

Zoomcar Holdings Quarterly Data
	Mar21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			7.27	12.17	8.59	10.81	9.31

Competitive Comparison of Zoomcar Holdings's Receivables Turnover

For the Rental & Leasing Services subindustry, Zoomcar 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.

Zoomcar Holdings's Receivables Turnover Distribution in the Business Services Industry

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

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

Zoomcar Holdings Receivables Turnover Calculation

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

Zoomcar Holdings'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 )
=	8.826	/ (	(0.204	+	0.255)	/	2 )
=	8.826	/	0.2295
=	38.46

Zoomcar Holdings'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	2.421	/ (	(0.229	+	0.291)	/	2 )
=	2.421	/	0.26
=	9.31

Zoomcar Holdings (NAS:ZCAR) 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.

Zoomcar Holdings Receivables Turnover Related Terms

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Zoomcar Holdings (Zoomcar Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zoomcar Holdings Inc (NAS:ZCAR) » Definitions » Receivables Turnover

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Traded in Other Exchanges

EO3:Germany

Address

HAL Old Airport Road, No.147, 1st Floor, ISRO Colony, Anjaneya Techno Park, Kodihalli, Bangalore, KA, IND, 560008

Website

https://www.zoomcar.com

Zoomcar Holdings Inc is India's largest marketplace for cars on rent. Zoomcar is a leading emerging-market-focused peer-to-peer car-sharing marketplace, with approximately 21,000 vehicles registered through its platform. The Company derives its revenue principally from short-term self-drive rentals and vehicle subscriptions. The self-drive rental business generates the majority of revenue. Geographically The company operates in India, Egypt, Indonesia, Vietnam, and the Philippines, Out of which the majority of revenue is derived from India.