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Sanmitra Commercial (BOM:512062) Receivables Turnover : 387.67 (As of Sep. 2024)


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What is Sanmitra Commercial 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. Sanmitra Commercial's Revenue for the three months ended in Sep. 2024 was ₹1.16 Mil. Sanmitra Commercial's average Accounts Receivable for the three months ended in Sep. 2024 was ₹0.00 Mil. Hence, Sanmitra Commercial's Receivables Turnover for the three months ended in Sep. 2024 was 387.67.


Sanmitra Commercial Receivables Turnover Historical Data

The historical data trend for Sanmitra Commercial'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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Sanmitra Commercial Receivables Turnover Chart

Sanmitra Commercial 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 - - - 0.28 -

Sanmitra Commercial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - - - - 387.67

Competitive Comparison of Sanmitra Commercial's Receivables Turnover

For the Capital Markets subindustry, Sanmitra Commercial'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.


Sanmitra Commercial's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where Sanmitra Commercial's Receivables Turnover falls into.



Sanmitra Commercial Receivables Turnover Calculation

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

Sanmitra Commercial'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 )
=0 / ((1.387 + 0) / 1 )
=0 / 1.387
=N/A

Sanmitra Commercial's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=1.163 / ((0 + 0.003) / 1 )
=1.163 / 0.003
=387.67

* 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.


Sanmitra Commercial  (BOM:512062) 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.


Sanmitra Commercial Receivables Turnover Related Terms

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Sanmitra Commercial Business Description

Traded in Other Exchanges
N/A
Address
Sir P M Road, 71, Laxmi Building, 4th Floor, Fort, Mumbai, MH, IND, 400001
Sanmitra Commercial Ltd provides securities trading services. It invests in shares, securities, and bonds and provides consultancy services. The company is also a dealer, importer, exporter, and commission agent of various goods.

Sanmitra Commercial Headlines

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