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Margo Finance (BOM:500206) Receivables Turnover : 0.18 (As of Sep. 2024)


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What is Margo 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. Margo Finance's Revenue for the three months ended in Sep. 2024 was ₹7.54 Mil. Margo Finance's average Accounts Receivable for the three months ended in Sep. 2024 was ₹42.78 Mil. Hence, Margo Finance's Receivables Turnover for the three months ended in Sep. 2024 was 0.18.


Margo Finance Receivables Turnover Historical Data

The historical data trend for Margo 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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Margo Finance Receivables Turnover Chart

Margo Finance 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 3.55 10.78 2.35 - 4.68

Margo Finance 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 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 3.27 0.61 0.53 1.14 0.18

Competitive Comparison of Margo Finance's Receivables Turnover

For the Credit Services subindustry, Margo 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.


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

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

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



Margo Finance Receivables Turnover Calculation

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

Margo 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 )
=7.782 / ((0.438 + 2.887) / 2 )
=7.782 / 1.6625
=4.68

Margo Finance'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 )
=7.536 / ((0 + 42.778) / 1 )
=7.536 / 42.778
=0.18

* 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.


Margo Finance  (BOM:500206) 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.


Margo Finance Receivables Turnover Related Terms

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Margo Finance Business Description

Traded in Other Exchanges
N/A
Address
2nd Floor, 15/76, Old Rajinder Nagar, New Delhi, IND, 110060
Margo Finance Ltd is a non-deposit accepting non-banking financial company. The company is engaged in Investment and investment-related financial activities.

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