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Richfield Financial Services (BOM:539435) Receivables Turnover : 50.80 (As of Dec. 2024)


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What is Richfield Financial Services 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. Richfield Financial Services's Revenue for the three months ended in Dec. 2024 was ₹11.23 Mil. Richfield Financial Services's average Accounts Receivable for the three months ended in Dec. 2024 was ₹0.22 Mil. Hence, Richfield Financial Services's Receivables Turnover for the three months ended in Dec. 2024 was 50.80.


Richfield Financial Services Receivables Turnover Historical Data

The historical data trend for Richfield Financial Services'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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Richfield Financial Services Receivables Turnover Chart

Richfield Financial Services 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 3,811.00 15.96 15.28 0.92 148.26

Richfield Financial Services 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 - - - - 50.80

Competitive Comparison of Richfield Financial Services's Receivables Turnover

For the Credit Services subindustry, Richfield Financial Services'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.


Richfield Financial Services's Receivables Turnover Distribution in the Credit Services Industry

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

* The bar in red indicates where Richfield Financial Services's Receivables Turnover falls into.


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Richfield Financial Services Receivables Turnover Calculation

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

Richfield Financial Services'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 )
=17.939 / ((0.121 + 0) / 1 )
=17.939 / 0.121
=148.26

Richfield Financial Services'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 )
=11.227 / ((0 + 0.221) / 1 )
=11.227 / 0.221
=50.80

* 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.


Richfield Financial Services  (BOM:539435) 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.


Richfield Financial Services Receivables Turnover Related Terms

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Richfield Financial Services Business Description

Traded in Other Exchanges
N/A
Address
Subash Chandra Bose Road, Door No. 53/2320-C, 1st Floor, Ashiyana Building, Opposite CKCGHS, Ponnurunni, Vytilla, KL, IND, 682019
Richfield Financial Services Ltd is engaged in carrying on the business of providing financial services. The Company is also engaged in trading of shares and securities, and short-term financing ranging from three to six months.

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