GIC Housing Finance (BOM:511676) Receivables Turnover : 681.87 (As of Jun. 2024)

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What is GIC Housing 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. GIC Housing Finance's Revenue for the three months ended in Jun. 2024 was ₹2,591 Mil. GIC Housing Finance's average Accounts Receivable for the three months ended in Jun. 2024 was ₹4 Mil. Hence, GIC Housing Finance's Receivables Turnover for the three months ended in Jun. 2024 was 681.87.

GIC Housing Finance Receivables Turnover Historical Data

The historical data trend for GIC Housing 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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GIC Housing Finance Receivables Turnover Chart

GIC Housing Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3,695.82

4,136.36

4,521.54

3,222.97

GIC Housing Finance Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															1,023.38	1,463.94	1,443.56	634.34	681.87

Competitive Comparison of GIC Housing Finance's Receivables Turnover

For the Mortgage Finance subindustry, GIC Housing 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.

GIC Housing Finance's Receivables Turnover Distribution in the Banks Industry

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

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

GIC Housing Finance Receivables Turnover Calculation

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

GIC Housing 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 )
=	10313.5	/ (	(2.6	+	3.8)	/	2 )
=	10313.5	/	3.2
=	3,222.97

GIC Housing Finance's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	2591.1	/ (	(3.8	+	0)	/	1 )
=	2591.1	/	3.8
=	681.87

GIC Housing Finance (BOM:511676) 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.

GIC Housing Finance Receivables Turnover Related Terms

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GIC Housing Finance Business Description

Industry

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GICHSGFIN:India

Address

14, Jamshedji Tata Road, 6th Floor, National Insurance Building, Churchgate, Mumbai, MH, IND, 400 020

Website

https://www.gichfindia.com

GIC Housing Finance Ltd is a specialty finance firm located in India. It was formed with the objective of entering the field of direct lending to individuals and other corporates to accelerate housing activities in India. The primary activity of the company is granting housing loans to individuals and to persons/entities involved in the construction of houses for residential purposes. The company is exclusively engaged in the housing finance business and revenues are mainly derived from this activity. It operates in a single business segment that is financing.

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