Dharani Finance (BOM:511451) Receivables Turnover : 0.00 (As of Mar. 2024)

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What is Dharani 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. Dharani Finance's Revenue for the three months ended in Mar. 2024 was ₹-0.84 Mil. Dharani Finance's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1.54 Mil.

Dharani Finance Receivables Turnover Historical Data

The historical data trend for Dharani 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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Dharani Finance Receivables Turnover Chart

Dharani Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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0.88

0.33

0.31

0.40

0.56

Dharani Finance 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															0.10	0.10	0.10	0.18	-

Competitive Comparison of Dharani Finance's Receivables Turnover

For the Credit Services subindustry, Dharani 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.

Dharani Finance's Receivables Turnover Distribution in the Credit Services Industry

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

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

Dharani Finance Receivables Turnover Calculation

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

Dharani Finance'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 )
=	3.919	/ (	(12.5	+	1.535)	/	2 )
=	3.919	/	7.0175
=	0.56

Dharani Finance'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 )
=	-0.837	/ (	(0	+	1.535)	/	1 )
=	-0.837	/	1.535
=	N/A

Dharani Finance (BOM:511451) 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.

Dharani Finance Receivables Turnover Related Terms

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Dharani Finance (BOM:511451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Dharani Finance Ltd (BOM:511451) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

New No.59 (Old No. 57) Sterling Road, PGP House, Nungambakkam, Chennai, TN, IND, 600034

Website

https://www.dharanifinance.com

Dharani Finance Ltd operates as a non-banking finance company in India. The main activities of the company are to carry on the business of hire purchase, leasing of machinery and other equipment, financing industrial enterprises, undertaking the business of financial operations of all kinds, dealing in foreign exchange, providing financial services like investment planning, tax planning, consultancy and much more. In addition, it also acts as a tour agent, carries on the import and export of merchandise, functions as a forwarding agent, freight contractor, warehousing, and many more. The company's operating segments include Financial Services and Travel Services. The majority of its revenue is generated from the Financial Services segment.

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