GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ashtasidhhi Industries Ltd (BOM:531341) » Definitions » Receivables Turnover

Ashtasidhhi Industries (BOM:531341) Receivables Turnover : 0.20 (As of Mar. 2024)


View and export this data going back to 2001. Start your Free Trial

What is Ashtasidhhi Industries 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. Ashtasidhhi Industries's Revenue for the three months ended in Mar. 2024 was ₹5.68 Mil. Ashtasidhhi Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₹27.71 Mil. Hence, Ashtasidhhi Industries's Receivables Turnover for the three months ended in Mar. 2024 was 0.20.


Ashtasidhhi Industries Receivables Turnover Historical Data

The historical data trend for Ashtasidhhi Industries'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.

Ashtasidhhi Industries Receivables Turnover Chart

Ashtasidhhi Industries 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 - 173.70 353.00 239.33 0.55

Ashtasidhhi Industries 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 32.75 40.42 85.75 80.75 0.20

Competitive Comparison of Ashtasidhhi Industries's Receivables Turnover

For the Credit Services subindustry, Ashtasidhhi Industries'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.


Ashtasidhhi Industries's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Ashtasidhhi Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ashtasidhhi Industries's Receivables Turnover falls into.



Ashtasidhhi Industries Receivables Turnover Calculation

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

Ashtasidhhi Industries'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 )
=7.676 / ((0.012 + 27.705) / 2 )
=7.676 / 13.8585
=0.55

Ashtasidhhi Industries'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 )
=5.678 / ((0 + 27.705) / 1 )
=5.678 / 27.705
=0.20

* 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.


Ashtasidhhi Industries  (BOM:531341) 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.


Ashtasidhhi Industries Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Ashtasidhhi Industries's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Ashtasidhhi Industries (BOM:531341) Business Description

Traded in Other Exchanges
N/A
Address
252, New Cloth Market, Opposite Raipur Gate, Ahmedabad, GJ, IND, 380002
Ashtasidhhi Industries Ltd Formerly Gujarat Investa Ltd operates as a non-banking finance company in India. It is engaged in the finance, investment, and leasing businesses, as well as the hire or acquisition of immovable or movable property. It has primary segments for revenue generation in finance. The company generates revenue from Interest income, Dividends received and the sale of Investments.

Ashtasidhhi Industries (BOM:531341) Headlines

No Headlines