Dhani Services (BOM:532960) Receivables Turnover : 1.36 (As of Sep. 2024)

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What is Dhani 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. Dhani Services's Revenue for the three months ended in Sep. 2024 was ₹1,013 Mil. Dhani Services's average Accounts Receivable for the three months ended in Sep. 2024 was ₹743 Mil. Hence, Dhani Services's Receivables Turnover for the three months ended in Sep. 2024 was 1.36.

Dhani Services Receivables Turnover Historical Data

The historical data trend for Dhani 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.

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Dhani Services Receivables Turnover Chart

Dhani Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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23.57

13.47

12.73

5.23

3.70

Dhani Services Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.68	1.64	0.97	1.20	1.36

Competitive Comparison of Dhani Services's Receivables Turnover

For the Credit Services subindustry, Dhani 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.

Dhani Services's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Dhani Services's Receivables Turnover distribution charts can be found below:

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

Dhani Services Receivables Turnover Calculation

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

Dhani Services'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 )
=	3726.293	/ (	(1154.628	+	858.568)	/	2 )
=	3726.293	/	1006.598
=	3.70

Dhani Services's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	1012.562	/ (	(0	+	743.043)	/	1 )
=	1012.562	/	743.043
=	1.36

Dhani Services (BOM:532960) 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.

Dhani Services Receivables Turnover Related Terms

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Dhani Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Dhani Services Ltd (BOM:532960) » Definitions » Receivables Turnover

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Traded in Other Exchanges

DHANI:India

Address

Udyog Vihar, Phase 1, 5th Floor, Plot No. 108, IT Park, Industrial Complex Dundahera, Gurgaon, HR, IND, 122016

Website

https://www.dhani.com

Dhani Services Ltd along with its subsidiaries is engaged in various business segments such as Broking and Related activities, Financing, Digital wallet services and related activities, E-Commerce and Related activities, Asset Reconstruction and Related activities, Real Estate development and related activities, and Others. The maximum revenue for the company is generated from its Financing, Digital wallets and related activities segment which includes its business of financing loans and other ancillary services. Geographically, the company derives a majority of its revenue within India.

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