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Cholamandalam Financial Holdings (BOM:504973) Receivables Turnover : 32.53 (As of Mar. 2024)


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What is Cholamandalam Financial Holdings 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. Cholamandalam Financial Holdings's Revenue for the three months ended in Mar. 2024 was ₹69,667 Mil. Cholamandalam Financial Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was ₹2,142 Mil. Hence, Cholamandalam Financial Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 32.53.


Cholamandalam Financial Holdings Receivables Turnover Historical Data

The historical data trend for Cholamandalam Financial Holdings'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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Cholamandalam Financial Holdings Receivables Turnover Chart

Cholamandalam Financial Holdings 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 353.92 311.39 226.03 211.92 161.53

Cholamandalam Financial Holdings 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 52.06 55.82 8.88 9.57 32.53

Competitive Comparison of Cholamandalam Financial Holdings's Receivables Turnover

For the Credit Services subindustry, Cholamandalam Financial Holdings'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.


Cholamandalam Financial Holdings's Receivables Turnover Distribution in the Credit Services Industry

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

* The bar in red indicates where Cholamandalam Financial Holdings's Receivables Turnover falls into.



Cholamandalam Financial Holdings Receivables Turnover Calculation

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

Cholamandalam Financial Holdings'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 )
=253038.4 / ((991.3 + 2141.7) / 2 )
=253038.4 / 1566.5
=161.53

Cholamandalam Financial Holdings'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 )
=69666.6 / ((0 + 2141.7) / 1 )
=69666.6 / 2141.7
=32.53

* 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.


Cholamandalam Financial Holdings  (BOM:504973) 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.


Cholamandalam Financial Holdings Receivables Turnover Related Terms

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Cholamandalam Financial Holdings (BOM:504973) Business Description

Traded in Other Exchanges
Address
No. 234, NSC Bose Road, Dare House, Chennai, TN, IND, 600 001
Cholamandalam Financial Holdings Ltd along with its subsidiaries is a diversified investment company under the Murugappa Group. It offers financial services that include general insurance, residential mortgages, auto loans, risk services, and non-banking financial services. The company's activities are located exclusively in India. It has two primary products/service segments which are Financial Services and Insurance and allied services.

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