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Maharashtra (BOM:505523) Receivables Turnover : 0.05 (As of Mar. 2024)


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What is Maharashtra 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. Maharashtra's Revenue for the three months ended in Mar. 2024 was ₹2.30 Mil. Maharashtra's average Accounts Receivable for the three months ended in Mar. 2024 was ₹42.27 Mil. Hence, Maharashtra's Receivables Turnover for the three months ended in Mar. 2024 was 0.05.


Maharashtra Receivables Turnover Historical Data

The historical data trend for Maharashtra'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.

* Premium members only.

Maharashtra Receivables Turnover Chart

Maharashtra Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.05 - 0.20 0.17

Maharashtra 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 - - 0.12 0.05

Competitive Comparison of Maharashtra's Receivables Turnover

For the Textile Manufacturing subindustry, Maharashtra'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.


Maharashtra's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Maharashtra's Receivables Turnover distribution charts can be found below:

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



Maharashtra Receivables Turnover Calculation

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

Maharashtra'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 )
=7.8 / ((49.314 + 42.27) / 2 )
=7.8 / 45.792
=0.17

Maharashtra'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 )
=2.3 / ((0 + 42.27) / 1 )
=2.3 / 42.27
=0.05

* 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.


Maharashtra  (BOM:505523) 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.


Maharashtra Receivables Turnover Related Terms

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Maharashtra (BOM:505523) Business Description

Traded in Other Exchanges
N/A
Address
S.V. Road, 9th Floor, 907/908, Dev Plaza, Opposite Andheri Fire Station, Andheri (West), Mumbai, MH, IND, 400058
Maharashtra Corp Ltd engages in investments, trading, and distribution of textile and agro commodity products. The company also trades in raw cashew nuts. The company's product portfolio includes Raw Cashew Nut, 60x60 Fabric, Viscose Fabric, Printed Fabrics, Dyed Fabrics, Misc. Agro-Commodities, Semi-Synthetic Fabric, 30x30 Fabric, Specialty Jacquards, and Other Textile Goods.

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