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Ajcon Global Services (BOM:511692) Receivables Turnover : 7.81 (As of Jun. 2024)


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What is Ajcon Global Services 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. Ajcon Global Services's Revenue for the three months ended in Jun. 2024 was ₹37.4 Mil. Ajcon Global Services's average Accounts Receivable for the three months ended in Jun. 2024 was ₹4.8 Mil. Hence, Ajcon Global Services's Receivables Turnover for the three months ended in Jun. 2024 was 7.81.


Ajcon Global Services Receivables Turnover Historical Data

The historical data trend for Ajcon Global Services'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.

* Premium members only.

Ajcon Global Services Receivables Turnover Chart

Ajcon Global Services 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 16.63 36.90 124.66 12.17 14.75

Ajcon Global Services 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 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 2.38 4.06 5.17 6.42 7.81

Competitive Comparison of Ajcon Global Services's Receivables Turnover

For the Capital Markets subindustry, Ajcon Global Services'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.


Ajcon Global Services's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where Ajcon Global Services's Receivables Turnover falls into.



Ajcon Global Services Receivables Turnover Calculation

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

Ajcon Global Services'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 )
=119.545 / ((11.426 + 4.787) / 2 )
=119.545 / 8.1065
=14.75

Ajcon Global Services'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 )
=37.405 / ((4.787 + 0) / 1 )
=37.405 / 4.787
=7.81

* 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.


Ajcon Global Services  (BOM:511692) 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.


Ajcon Global Services Receivables Turnover Related Terms

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Ajcon Global Services Business Description

Traded in Other Exchanges
N/A
Address
Western Express Highway, 408, A-Wing, Express Zone, Near Patels, Goregaon (East), Mumbai, MH, IND, 400063
Ajcon Global Services Ltd is an India based company engages in the provision of financial services. Its services include equity broking, commodity broking, depository services, commodity broking, corporate advisory services, equity research, loan syndication, turnkey projects, corporate advisory services, investment banking and merchant banking. The company generates revenue from stock market operations, consultancy and advisory services, and facility fees.

Ajcon Global Services Headlines

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