Qgo Finance (BOM:538646) Receivables Turnover : 2.05 (As of Dec. 2024)

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What is Qgo 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. Qgo Finance's Revenue for the three months ended in Dec. 2024 was ₹40.7 Mil. Qgo Finance's average Accounts Receivable for the three months ended in Dec. 2024 was ₹19.8 Mil. Hence, Qgo Finance's Receivables Turnover for the three months ended in Dec. 2024 was 2.05.

Qgo Finance Receivables Turnover Historical Data

The historical data trend for Qgo 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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Qgo Finance Receivables Turnover Chart

Qgo Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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13.07

13.04

11.81

10.30

Qgo Finance Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															3.13	2.69	2.23	2.07	2.05

Competitive Comparison of Qgo Finance's Receivables Turnover

For the Credit Services subindustry, Qgo 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.

Qgo Finance's Receivables Turnover Distribution in the Credit Services Industry

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

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

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Qgo Finance Receivables Turnover Calculation

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

Qgo Finance'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 )
=	140.45	/ (	(10.683	+	16.58)	/	2 )
=	140.45	/	13.6315
=	10.30

Qgo Finance's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	40.653	/ (	(19.844	+	0)	/	1 )
=	40.653	/	19.844
=	2.05

Qgo Finance (BOM:538646) 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.

Qgo Finance Receivables Turnover Related Terms

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Qgo Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Qgo Finance Ltd (BOM:538646) » Definitions » Receivables Turnover

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Address

TTC Industrial Area, 3rd Floor, A-514, MIDC, Mahape, Navi Mumbai, Thane, MH, IND, 400701

Website

https://www.qgofinance.com

Qgo Finance Ltd is a Non-Banking Finance Company. It offers business loans, project finance loans, personal loans, and gold loans among others. The firm derives revenue in the form of interest from financial services provided. Geographically, the company operates in India. The company also provides services such as consultancy and advisory services, service/funding for Project loan, and peripheral tier-I satellite cities (presently in MMR).

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