Kiran Vyapar (BOM:537750) Receivables Turnover : 10.71 (As of Mar. 2024)

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What is Kiran Vyapar 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. Kiran Vyapar's Revenue for the three months ended in Mar. 2024 was ₹256.9 Mil. Kiran Vyapar's average Accounts Receivable for the three months ended in Mar. 2024 was ₹24.0 Mil. Hence, Kiran Vyapar's Receivables Turnover for the three months ended in Mar. 2024 was 10.71.

Kiran Vyapar Receivables Turnover Historical Data

The historical data trend for Kiran Vyapar'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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Kiran Vyapar Receivables Turnover Chart

Kiran Vyapar Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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8.72

6.69

11.53

27.73

37.30

Kiran Vyapar 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															397.43	24.81	30.41	674.58	10.71

Competitive Comparison of Kiran Vyapar's Receivables Turnover

For the Capital Markets subindustry, Kiran Vyapar'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.

Kiran Vyapar's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where Kiran Vyapar's Receivables Turnover falls into.

Kiran Vyapar Receivables Turnover Calculation

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

Kiran Vyapar'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 )
=	619.702	/ (	(9.243	+	23.984)	/	2 )
=	619.702	/	16.6135
=	37.30

Kiran Vyapar'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 )
=	256.93	/ (	(0	+	23.984)	/	1 )
=	256.93	/	23.984
=	10.71

Kiran Vyapar (BOM:537750) 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.

Kiran Vyapar Receivables Turnover Related Terms

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Kiran Vyapar (BOM:537750) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Kiran Vyapar Ltd (BOM:537750) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

ATHIVA, Plot No. C2, Sector - III, HUDA Techno Enclave, Madhapur, Hyderabad, TG, IND, 500 081

Website

https://www.lnbgroup.com

Kiran Vyapar Ltd is a non-banking financial company mainly engaged in the business of providing Loans and making an investment in shares and securities. It carries the business of investments, trading and dealing in shares and securities, mutual funds, financing, and carrying on business in accordance with the regulatory framework. The company's operating segment include Investments and Trading. It generates maximum revenue from the Investments segment which involves buying and selling various kinds of securities and providing loans. The group operates in India.

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