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Mudra Financial Services (BOM:539819) Receivables Turnover : 14.38 (As of Jun. 2024)


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What is Mudra 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. Mudra Financial Services's Revenue for the three months ended in Jun. 2024 was ₹1.84 Mil. Mudra Financial Services's average Accounts Receivable for the three months ended in Jun. 2024 was ₹0.13 Mil. Hence, Mudra Financial Services's Receivables Turnover for the three months ended in Jun. 2024 was 14.38.


Mudra Financial Services Receivables Turnover Historical Data

The historical data trend for Mudra 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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Mudra Financial Services Receivables Turnover Chart

Mudra 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 5.39 37.49 44.97 64.50 63.98

Mudra Financial Services Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 16.58 - - 13.25 14.38

Competitive Comparison of Mudra Financial Services's Receivables Turnover

For the Credit Services subindustry, Mudra 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.


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

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

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



Mudra Financial Services Receivables Turnover Calculation

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

Mudra 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 )
=8.094 / ((0.125 + 0.128) / 2 )
=8.094 / 0.1265
=63.98

Mudra Financial Services'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 )
=1.84 / ((0.128 + 0) / 1 )
=1.84 / 0.128
=14.38

* 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.


Mudra Financial Services  (BOM:539819) 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.


Mudra Financial Services Receivables Turnover Related Terms

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Mudra Financial Services Business Description

Traded in Other Exchanges
N/A
Address
Azad Road, Above Central Bank of India, 3rd Floor, B Wing, Vaastu Darshan, Andheri (East), Mumbai, MH, IND, 400069
Mudra Financial Services Ltd is an Indian-based non-banking financial company. It is engaged in the business of trading and investment in shares, granting of loans & advances to various segments of the industry, and other financial activities.

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