Peeti Securities (BOM:531352) Receivables Turnover : 3.36 (As of Mar. 2024)

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

What is Peeti Securities 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. Peeti Securities's Revenue for the three months ended in Mar. 2024 was ₹75.7 Mil. Peeti Securities's average Accounts Receivable for the three months ended in Mar. 2024 was ₹22.5 Mil. Hence, Peeti Securities's Receivables Turnover for the three months ended in Mar. 2024 was 3.36.

Peeti Securities Receivables Turnover Historical Data

The historical data trend for Peeti Securities'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.

Peeti Securities Receivables Turnover Chart

Peeti Securities Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

8.73

8.86

10.39

11.32

10.51

Peeti Securities 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															3.18	2.22	2.64	3.72	3.36

Competitive Comparison of Peeti Securities's Receivables Turnover

For the Textile Manufacturing subindustry, Peeti Securities'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.

Peeti Securities's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Peeti Securities's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Peeti Securities's Receivables Turnover falls into.

Peeti Securities Receivables Turnover Calculation

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

Peeti Securities'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 )
=	248.342	/ (	(24.774	+	22.494)	/	2 )
=	248.342	/	23.634
=	10.51

Peeti Securities'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 )
=	75.675	/ (	(0	+	22.494)	/	1 )
=	75.675	/	22.494
=	3.36

Peeti Securities (BOM:531352) 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.

Peeti Securities Receivables Turnover Related Terms

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

Peeti Securities (BOM:531352) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Peeti Securities Ltd (BOM:531352) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Old Kurnool Road, Survey No. 71, Door No. 7-3-81/1, Beside M.P. Hardware Lane, Opposite BSNL Office, Kattedan, Hyderabad, TG, IND, 500077

Website

https://www.peetisecuritieslimited.com

Peeti Securities Ltd is engaged in the business of trading of textiles and garments. The company's textiles are used as furnishing fabrics. It has only one reportable segment, that is, Trading in Textile, and earns revenue from the same.

Peeti Securities (BOM:531352) Headlines

No Headlines