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Arihant Capital Markets (BOM:511605) Receivables Turnover : 0.41 (As of Mar. 2024)


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What is Arihant Capital Markets 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 Capital Markets's Revenue for the three months ended in Mar. 2024 was ₹393 Mil. Arihant Capital Markets's average Accounts Receivable for the three months ended in Mar. 2024 was ₹964 Mil. Hence, Arihant Capital Markets's Receivables Turnover for the three months ended in Mar. 2024 was 0.41.


Arihant Capital Markets Receivables Turnover Historical Data

The historical data trend for Arihant Capital Markets'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 Capital Markets Receivables Turnover Chart

Arihant Capital Markets 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 0.55 0.64 0.56 0.43 0.90

Arihant Capital Markets 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 0.10 0.12 0.36 0.36 0.41

Competitive Comparison of Arihant Capital Markets's Receivables Turnover

For the Capital Markets subindustry, Arihant Capital Markets'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 Capital Markets's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where Arihant Capital Markets's Receivables Turnover falls into.



Arihant Capital Markets Receivables Turnover Calculation

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

Arihant Capital Markets'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 )
=1211.597 / ((1728.972 + 963.737) / 2 )
=1211.597 / 1346.3545
=0.90

Arihant Capital Markets'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 )
=392.873 / ((0 + 963.737) / 1 )
=392.873 / 963.737
=0.41

* 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.


Arihant Capital Markets  (BOM:511605) 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 Capital Markets Receivables Turnover Related Terms

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Arihant Capital Markets (BOM:511605) Business Description

Traded in Other Exchanges
Address
Andheri Ghatkopar Link Road, Building No. 10, 1st Floor, No. 1011, Solitaire Corporate Park, Chakala, Andheri (East), Mumbai, MH, IND, 400093
Arihant Capital Markets Ltd is a holding company, which is engaged in the provision of financial services. The company provides products and services including equities, commodities, currency, financial planning, depository services, priority client group services (PCG), merchant banking, and investment banking services to a substantial and diversified clientele that includes individuals, corporations, and financial institutions. It also offers online and mobile trading, algorithmic trading, depository, and real estate services, as well as provides stock lending and borrowing, investment and trading Webinars, insurance, and RGESS services. Geographically, all the operations functioned through the region of India.

Arihant Capital Markets (BOM:511605) Headlines

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