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Purshottam Investofin (BOM:538647) Receivables Turnover : 4.08 (As of Dec. 2024)


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What is Purshottam Investofin 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. Purshottam Investofin's Revenue for the three months ended in Dec. 2024 was ₹18.6 Mil. Purshottam Investofin's average Accounts Receivable for the three months ended in Dec. 2024 was ₹4.6 Mil. Hence, Purshottam Investofin's Receivables Turnover for the three months ended in Dec. 2024 was 4.08.


Purshottam Investofin Receivables Turnover Historical Data

The historical data trend for Purshottam Investofin'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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Purshottam Investofin Receivables Turnover Chart

Purshottam Investofin 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 17.41 6.07 33.35 12.09 568.50

Purshottam Investofin 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 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 0.32 265.17 8.05 24.89 4.08

Competitive Comparison of Purshottam Investofin's Receivables Turnover

For the Capital Markets subindustry, Purshottam Investofin'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.


Purshottam Investofin's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where Purshottam Investofin's Receivables Turnover falls into.


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Purshottam Investofin Receivables Turnover Calculation

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

Purshottam Investofin'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 )
=784.529 / ((0.005 + 2.755) / 2 )
=784.529 / 1.38
=568.50

Purshottam Investofin'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 )
=18.615 / ((4.562 + 0) / 1 )
=18.615 / 4.562
=4.08

* 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.


Purshottam Investofin  (BOM:538647) 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.


Purshottam Investofin Receivables Turnover Related Terms

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Purshottam Investofin Business Description

Traded in Other Exchanges
N/A
Address
Green Park Extension, L-7, Menz Floor, New Delhi, IND, 110016
Purshottam Investofin Ltd is an India-based non-banking finance company. It is engaged in the business of trading in securities and providing finances to micro, small, and medium enterprises. A majority of revenue is generated from the trading in securities activity. It also provides advisory services.

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