Wealth First Portfolio Managers (NSE:WEALTH) Receivables Turnover : 82.69 (As of Dec. 2023)

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What is Wealth First Portfolio Managers 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. Wealth First Portfolio Managers's Revenue for the three months ended in Dec. 2023 was ₹2,380 Mil. Wealth First Portfolio Managers's average Accounts Receivable for the three months ended in Dec. 2023 was ₹29 Mil. Hence, Wealth First Portfolio Managers's Receivables Turnover for the three months ended in Dec. 2023 was 82.69.

Wealth First Portfolio Managers Receivables Turnover Historical Data

The historical data trend for Wealth First Portfolio Managers'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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Wealth First Portfolio Managers Receivables Turnover Chart

Wealth First Portfolio Managers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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134.42

207.71

595.29

604.93

116.07

Wealth First Portfolio Managers Quarterly Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															20.91	20.09	25.59	77.12	82.69

Competitive Comparison of Wealth First Portfolio Managers's Receivables Turnover

For the Capital Markets subindustry, Wealth First Portfolio Managers'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.

Wealth First Portfolio Managers's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Wealth First Portfolio Managers's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Wealth First Portfolio Managers's Receivables Turnover falls into.

Wealth First Portfolio Managers Receivables Turnover Calculation

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

Wealth First Portfolio Managers'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 )
=	3895.849	/ (	(33.543	+	33.585)	/	2 )
=	3895.849	/	33.564
=	116.07

Wealth First Portfolio Managers'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	2379.953	/ (	(28.78	+	0)	/	1 )
=	2379.953	/	28.78
=	82.69

Wealth First Portfolio Managers (NSE:WEALTH) 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.

Wealth First Portfolio Managers Receivables Turnover Related Terms

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Wealth First Portfolio Managers (NSE:WEALTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Wealth First Portfolio Managers Ltd (NSE:WEALTH) » Definitions » Receivables Turnover

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Address

Near Prahaladnagar Garden, Off S.G. Highway, Capitol House, 10 Paras-II, Anandnagar, Near Campus Corner, Ahmedabad, GJ, IND, 380015

Website

https://www.wealth-firstonline.com

Wealth First Portfolio Managers Ltd is a financial service provider for various types of financial products available in the Indian market. The company offers research for products that deliver compatible performance in terms of yield. The product portfolio of the company consists of government bonds and securities, direct equity, cash management services, derivative products, mutual funds, insurance products, commodities, and market-making services. The mutual fund brokerage generates maximum revenue for the company. It offers its services only to the Indian market.

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