MFL India (BOM:526622) Receivables Turnover : 20.11 (As of Dec. 2024)

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What is MFL India 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. MFL India's Revenue for the three months ended in Dec. 2024 was ₹127.9 Mil. MFL India's average Accounts Receivable for the three months ended in Dec. 2024 was ₹6.4 Mil. Hence, MFL India's Receivables Turnover for the three months ended in Dec. 2024 was 20.11.

MFL India Receivables Turnover Historical Data

The historical data trend for MFL India'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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MFL India Receivables Turnover Chart

MFL India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.49

6.93

0.59

4.51

24.96

MFL India Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															7.61	10.32	9.24	19.88	20.11

Competitive Comparison of MFL India's Receivables Turnover

For the Integrated Freight & Logistics subindustry, MFL India'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.

MFL India's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MFL India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where MFL India's Receivables Turnover falls into.

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MFL India Receivables Turnover Calculation

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

MFL India'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 )
=	536.126	/ (	(30.515	+	12.448)	/	2 )
=	536.126	/	21.4815
=	24.96

MFL India's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	127.919	/ (	(6.362	+	0)	/	1 )
=	127.919	/	6.362
=	20.11

MFL India (BOM:526622) 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.

MFL India Receivables Turnover Related Terms

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MFL India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MFL India Ltd (BOM:526622) » Definitions » Receivables Turnover

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Address

94/4, Main Market, UG-F, UG-9, Village-Patparganj, Patparganj, New Delhi, IND, 110091

Website

https://www.mflindia.info

MFL India Ltd is an India-based transport and logistics company. Its only operating segment is Transportation/Trucking. The company fleet includes a mixed variety of heavy-weight cargo carriers, along with a diversified portfolio of transportation services that includes high-capacity trucks and trailers. Its logistics portfolio includes freight management, cargo brokerage, and intermodal. The commodities mainly transported are retail store merchandise, two-wheeler motorcycles, consumer products, fast-moving consumer goods, other manufactured products, and grocery products.

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