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Sonal Mercantile (BOM:538943) Receivables Turnover : 0.00 (As of Jun. 2024)


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What is Sonal Mercantile 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. Sonal Mercantile's Revenue for the three months ended in Jun. 2024 was ₹94.3 Mil. Sonal Mercantile's average Accounts Receivable for the three months ended in Jun. 2024 was ₹0.0 Mil.


Sonal Mercantile Receivables Turnover Historical Data

The historical data trend for Sonal Mercantile'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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Sonal Mercantile Receivables Turnover Chart

Sonal Mercantile Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
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Sonal Mercantile Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of Sonal Mercantile's Receivables Turnover

For the Credit Services subindustry, Sonal Mercantile'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.


Sonal Mercantile's Receivables Turnover Distribution in the Credit Services Industry

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

* The bar in red indicates where Sonal Mercantile's Receivables Turnover falls into.



Sonal Mercantile Receivables Turnover Calculation

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

Sonal Mercantile'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 )
=394.587 / ((0 + 0) / 1 )
=394.587 / 0
=N/A

Sonal Mercantile's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=94.317 / ((0 + 0) / 1 )
=94.317 / 0
=N/A

* 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.


Sonal Mercantile  (BOM:538943) 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.


Sonal Mercantile Receivables Turnover Related Terms

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Sonal Mercantile Business Description

Traded in Other Exchanges
N/A
Address
365, Vardhman Plaza, III Floor, Sector-3, Rohini, New Delhi, IND, 110085
Sonal Mercantile Ltd is an India-based non-banking financial company. It is engaged in providing secured and unsecured loans and advances and is also involved in investing in quoted and unquoted securities in the stock and commodity markets. The company offers inter-corporate loans, personal loans, long-term and short-term loans, Trade financing, Bills Discounting, Project Appraisal, Loans against Guarantees, and Properties.

Sonal Mercantile Headlines

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