Arihant Foundations & Housing (BOM:531381) Receivables Turnover : 1.03 (As of Mar. 2024)

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What is Arihant Foundations & Housing 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. Arihant Foundations & Housing's Revenue for the three months ended in Mar. 2024 was ₹455 Mil. Arihant Foundations & Housing's average Accounts Receivable for the three months ended in Mar. 2024 was ₹440 Mil. Hence, Arihant Foundations & Housing's Receivables Turnover for the three months ended in Mar. 2024 was 1.03.

Arihant Foundations & Housing Receivables Turnover Historical Data

The historical data trend for Arihant Foundations & Housing'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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Arihant Foundations & Housing Receivables Turnover Chart

Arihant Foundations & Housing Annual Data

Trend

Sep13

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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1.07

1.35

1.93

1.46

2.81

Arihant Foundations & Housing 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															0.31	0.83	0.18	0.64	1.03

Competitive Comparison of Arihant Foundations & Housing's Receivables Turnover

For the Real Estate - Development subindustry, Arihant Foundations & Housing'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.

Arihant Foundations & Housing's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Arihant Foundations & Housing's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Arihant Foundations & Housing's Receivables Turnover falls into.

Arihant Foundations & Housing Receivables Turnover Calculation

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

Arihant Foundations & Housing'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 )
=	1240.8	/ (	(443.62	+	439.7)	/	2 )
=	1240.8	/	441.66
=	2.81

Arihant Foundations & Housing'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 )
=	454.5	/ (	(0	+	439.7)	/	1 )
=	454.5	/	439.7
=	1.03

Arihant Foundations & Housing (BOM:531381) 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.

Arihant Foundations & Housing Receivables Turnover Related Terms

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Arihant Foundations & Housing (BOM:531381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Arihant Foundations & Housing Ltd (BOM:531381) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

3rd Street, Off. Cenotaph Road, New No. 3 (Old No. 25), Ganapathy Colony, Teynampet, Chennai, TN, IND, 600018

Website

https://www.arihantspaces.com

Arihant Foundations & Housing Ltd is engaged in the business of construction and providing infrastructure facilities. It develops both residential and commercial real estate properties. Its portfolio comprises villas, apartments, IT parks, hotels, shopping malls, multiplex, developed plots, and commercial buildings. The company serves a diverse range of clients from individual home buyers to commercial clients to multi-unit investors.

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