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Vax Housing Finance (BOM:531650) Receivables Turnover : 0.01 (As of Sep. 2022)


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What is Vax Housing Finance 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. Vax Housing Finance's Revenue for the three months ended in Sep. 2022 was ₹0.11 Mil. Vax Housing Finance's average Accounts Receivable for the three months ended in Sep. 2022 was ₹8.00 Mil. Hence, Vax Housing Finance's Receivables Turnover for the three months ended in Sep. 2022 was 0.01.


Vax Housing Finance Receivables Turnover Historical Data

The historical data trend for Vax Housing Finance'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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Vax Housing Finance Receivables Turnover Chart

Vax Housing Finance Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.06 0.06 0.06 0.05

Vax Housing Finance Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 0.01 0.01 0.01 - 0.01

Competitive Comparison of Vax Housing Finance's Receivables Turnover

For the Credit Services subindustry, Vax Housing Finance'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.


Vax Housing Finance's Receivables Turnover Distribution in the Credit Services Industry

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

* The bar in red indicates where Vax Housing Finance's Receivables Turnover falls into.



Vax Housing Finance Receivables Turnover Calculation

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

Vax Housing Finance's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

Receivables Turnover (A: Mar. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2022 ) / ((Accounts Receivable (A: Mar. 2021 ) + Accounts Receivable (A: Mar. 2022 )) / count )
=0.414 / ((7.998 + 7.998) / 2 )
=0.414 / 7.998
=0.05

Vax Housing Finance's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

Receivables Turnover (Q: Sep. 2022 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2022 ) / ((Accounts Receivable (Q: Jun. 2022 ) + Accounts Receivable (Q: Sep. 2022 )) / count )
=0.112 / ((0 + 7.998) / 1 )
=0.112 / 7.998
=0.01

* 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.


Vax Housing Finance  (BOM:531650) 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.


Vax Housing Finance Receivables Turnover Related Terms

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Vax Housing Finance (BOM:531650) Business Description

Traded in Other Exchanges
N/A
Address
301, Simandhar Estate, Near Sakar 3, Income Tax, Ahmedabad, GJ, IND, 380009
Vax Housing Finance Corp Ltd is engaged in credit services. The firm generates its revenue in the form of interest.

Vax Housing Finance (BOM:531650) Headlines

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