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Shri Niwas Leasing And Finance (BOM:538897) Receivables Turnover : 114.73 (As of Mar. 2024)


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What is Shri Niwas Leasing And 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. Shri Niwas Leasing And Finance's Revenue for the three months ended in Mar. 2024 was ₹1.26 Mil. Shri Niwas Leasing And Finance's average Accounts Receivable for the three months ended in Mar. 2024 was ₹0.01 Mil. Hence, Shri Niwas Leasing And Finance's Receivables Turnover for the three months ended in Mar. 2024 was 114.73.


Shri Niwas Leasing And Finance Receivables Turnover Historical Data

The historical data trend for Shri Niwas Leasing And 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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Shri Niwas Leasing And Finance Receivables Turnover Chart

Shri Niwas Leasing And Finance 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 - - - - 429.82

Shri Niwas Leasing And Finance 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 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 - - 34.95 41.29 114.73

Competitive Comparison of Shri Niwas Leasing And Finance's Receivables Turnover

For the Credit Services subindustry, Shri Niwas Leasing And 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.


Shri Niwas Leasing And Finance's Receivables Turnover Distribution in the Credit Services Industry

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

* The bar in red indicates where Shri Niwas Leasing And Finance's Receivables Turnover falls into.



Shri Niwas Leasing And Finance Receivables Turnover Calculation

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

Shri Niwas Leasing And 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 )
=4.728 / ((0 + 0.011) / 1 )
=4.728 / 0.011
=429.82

Shri Niwas Leasing And Finance'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 )
=1.262 / ((0 + 0.011) / 1 )
=1.262 / 0.011
=114.73

* 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.


Shri Niwas Leasing And Finance  (BOM:538897) 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.


Shri Niwas Leasing And Finance Receivables Turnover Related Terms

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Shri Niwas Leasing And Finance (BOM:538897) Business Description

Traded in Other Exchanges
N/A
Address
47/18, Rajendra Place Metro Station, Old Rajinder Nagar, New Delhi, IND, 110060
Shri Niwas Leasing And Finance Ltd is an India-based non-banking financial company. The company is engaged in offering loans and advances to customers who meet the eligibility criteria for availing services of the company.

Shri Niwas Leasing And Finance (BOM:538897) Headlines

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