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Alka Securities (BOM:532166) Receivables Turnover : 0.54 (As of Mar. 2024)


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What is Alka 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. Alka Securities's Revenue for the three months ended in Mar. 2024 was ₹2.16 Mil. Alka Securities's average Accounts Receivable for the three months ended in Mar. 2024 was ₹4.00 Mil. Hence, Alka Securities's Receivables Turnover for the three months ended in Mar. 2024 was 0.54.


Alka Securities Receivables Turnover Historical Data

The historical data trend for Alka 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.

Alka Securities Receivables Turnover Chart

Alka Securities 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 0.73 0.79 0.46 1.50 1.27

Alka 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 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 2.24 0.19 0.18 0.09 0.54

Competitive Comparison of Alka Securities's Receivables Turnover

For the Capital Markets subindustry, Alka 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.


Alka Securities's Receivables Turnover Distribution in the Capital Markets Industry

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

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



Alka Securities Receivables Turnover Calculation

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

Alka 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 )
=4.875 / ((5.738 + 1.955) / 2 )
=4.875 / 3.8465
=1.27

Alka 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 )
=2.163 / ((6.052 + 1.955) / 2 )
=2.163 / 4.0035
=0.54

* 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.


Alka Securities  (BOM:532166) 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.


Alka Securities Receivables Turnover Related Terms

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Alka Securities (BOM:532166) Business Description

Traded in Other Exchanges
N/A
Address
Subhas Road, 109, Frist Floor, Esquare Premises Co-operative society limited, Vile Parle (East), Mumbai, MH, IND, 400057
Alka Securities Ltd is a financial services company. It is engaged in investment advisory, restructuring and venture capital. The company is principally involved in the wholesale debt market primarily in Government securities.

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