Shrydus Industries (BOM:511493) Receivables Turnover : 0.44 (As of Mar. 2024)

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What is Shrydus Industries 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. Shrydus Industries's Revenue for the three months ended in Mar. 2024 was ₹15.01 Mil. Shrydus Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₹34.42 Mil. Hence, Shrydus Industries's Receivables Turnover for the three months ended in Mar. 2024 was 0.44.

Shrydus Industries Receivables Turnover Historical Data

The historical data trend for Shrydus Industries'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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Shrydus Industries Receivables Turnover Chart

Shrydus Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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1.00

0.63

2.75

2.06

2.21

Shrydus Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.61	0.64	0.44	0.68	0.44

Competitive Comparison of Shrydus Industries's Receivables Turnover

For the Capital Markets subindustry, Shrydus Industries'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.

Shrydus Industries's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Shrydus Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shrydus Industries's Receivables Turnover falls into.

Shrydus Industries Receivables Turnover Calculation

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

Shrydus Industries'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 )
=	94.545	/ (	(51.07	+	34.418)	/	2 )
=	94.545	/	42.744
=	2.21

Shrydus Industries'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 )
=	15.011	/ (	(0	+	34.418)	/	1 )
=	15.011	/	34.418
=	0.44

Shrydus Industries (BOM:511493) 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.

Shrydus Industries Receivables Turnover Related Terms

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Shrydus Industries (BOM:511493) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Shrydus Industries Ltd (BOM:511493) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

107, SV Road, Sagar Avenue, Above Bata, Andheri (West), Mumbai, MH, IND, 400058

Website

https://www.shrydus.com

Shrydus Industries Ltd is engaged in the business of Retail Mobilization Services. Its core business activities include equity trading, commodities, portfolio management services, mutual funds, life insurance, foreign exchange, IPO (initial public offer), foreign exchange, currency derivatives, futures and options, retail mobilization depository services, and investment advisory. It also offers online services including online trading and professional back-office services. The Company has income from one segment only which is Trading.

Shrydus Industries (BOM:511493) Headlines

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