Comfort Fincap (BOM:535267) Receivables Turnover : 388.92 (As of Mar. 2024)

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What is Comfort Fincap 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. Comfort Fincap's Revenue for the three months ended in Mar. 2024 was ₹28.78 Mil. Comfort Fincap's average Accounts Receivable for the three months ended in Mar. 2024 was ₹0.07 Mil. Hence, Comfort Fincap's Receivables Turnover for the three months ended in Mar. 2024 was 388.92.

Comfort Fincap Receivables Turnover Historical Data

The historical data trend for Comfort Fincap'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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Comfort Fincap Receivables Turnover Chart

Comfort Fincap Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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606.64

457.65

274.88

265.85

379.10

Comfort Fincap Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															26.36	55.10	81.34	119.60	388.92

Competitive Comparison of Comfort Fincap's Receivables Turnover

For the Credit Services subindustry, Comfort Fincap'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.

Comfort Fincap's Receivables Turnover Distribution in the Credit Services Industry

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

* The bar in red indicates where Comfort Fincap's Receivables Turnover falls into.

Comfort Fincap Receivables Turnover Calculation

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

Comfort Fincap'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 )
=	117.522	/ (	(0.546	+	0.074)	/	2 )
=	117.522	/	0.31
=	379.10

Comfort Fincap'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 )
=	28.78	/ (	(0	+	0.074)	/	1 )
=	28.78	/	0.074
=	388.92

Comfort Fincap (BOM:535267) 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.

Comfort Fincap Receivables Turnover Related Terms

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Comfort Fincap (BOM:535267) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Comfort Fincap Ltd (BOM:535267) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

S.V. Road, Opposite Natraj Market, A-301, Hetal Arch, Malad (West), Mumbai, MH, IND, 400064

Website

http://www.comfortfincap.com

Comfort Fincap Ltd is an India based non-banking financial company. It provides various financial solutions to commercial, industrial and financial clients. Its offerings include advancing loans against listed shares, securities, and properties, corporate loans, personal loans, trade financing, promoter funding, IPO (initial public offer) financing, bills discounting, margin funding, trading in shares and securities and arbitrage business in stock and commodity market. It generates revenue in the form of professional fees and interest income received from loans and advances and term deposits.

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