Emkay Global Financial Services (BOM:532737) Receivables Turnover : 0.66 (As of Mar. 2024)

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What is Emkay Global Financial Services 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. Emkay Global Financial Services's Revenue for the three months ended in Mar. 2024 was ₹820 Mil. Emkay Global Financial Services's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,252 Mil. Hence, Emkay Global Financial Services's Receivables Turnover for the three months ended in Mar. 2024 was 0.66.

Emkay Global Financial Services Receivables Turnover Historical Data

The historical data trend for Emkay Global Financial Services'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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Emkay Global Financial Services Receivables Turnover Chart

Emkay Global Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.24

2.28

2.20

1.75

2.14

Emkay Global Financial Services 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															0.37	0.40	0.51	0.50	0.66

Competitive Comparison of Emkay Global Financial Services's Receivables Turnover

For the Capital Markets subindustry, Emkay Global Financial Services'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.

Emkay Global Financial Services's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where Emkay Global Financial Services's Receivables Turnover falls into.

Emkay Global Financial Services Receivables Turnover Calculation

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

Emkay Global Financial Services'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 )
=	2467.459	/ (	(1052.929	+	1251.522)	/	2 )
=	2467.459	/	1152.2255
=	2.14

Emkay Global Financial Services'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 )
=	819.952	/ (	(0	+	1251.522)	/	1 )
=	819.952	/	1251.522
=	0.66

Emkay Global Financial Services (BOM:532737) 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.

Emkay Global Financial Services Receivables Turnover Related Terms

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Emkay Global Financial Services (BOM:532737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Emkay Global Financial Services Ltd (BOM:532737) » Definitions » Receivables Turnover

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EMKAY:India

Address

Senapati Bapat Marg, The Ruby, 7th Floor, Dadar (West), Mumbai, MH, IND, 400028

Website

https://www.emkayglobal.com

Emkay Global Financial Services Ltd is a holding company engaged in stockbroking. The company operates in two reportable segments that include Advisory and Transactional Services and Financing and Investment Activities. The company is involved in providing financial services and solutions, such as equity broking, asset management, wealth management, currency and commodity advisory and broking, investment banking, and financial education services. The majority of the revenue is generated from the Advisory and Transactional Services segment.

Emkay Global Financial Services (BOM:532737) Headlines

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