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Marg Techno Projects (BOM:540254) Receivables Turnover : 5.82 (As of Dec. 2024)


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What is Marg Techno Projects 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. Marg Techno Projects's Revenue for the three months ended in Dec. 2024 was ₹13.90 Mil. Marg Techno Projects's average Accounts Receivable for the three months ended in Dec. 2024 was ₹2.39 Mil. Hence, Marg Techno Projects's Receivables Turnover for the three months ended in Dec. 2024 was 5.82.


Marg Techno Projects Receivables Turnover Historical Data

The historical data trend for Marg Techno Projects'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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Marg Techno Projects Receivables Turnover Chart

Marg Techno Projects 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 - - 4.64 4.45 25.05

Marg Techno Projects 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 - 5.77 5.19 4.26 5.82

Competitive Comparison of Marg Techno Projects's Receivables Turnover

For the Credit Services subindustry, Marg Techno Projects'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.


Marg Techno Projects's Receivables Turnover Distribution in the Credit Services Industry

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

* The bar in red indicates where Marg Techno Projects's Receivables Turnover falls into.


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Marg Techno Projects Receivables Turnover Calculation

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

Marg Techno Projects'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 )
=50.107 / ((0 + 2) / 1 )
=50.107 / 2
=25.05

Marg Techno Projects'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 )
=13.896 / ((2.388 + 0) / 1 )
=13.896 / 2.388
=5.82

* 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.


Marg Techno Projects  (BOM:540254) 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.


Marg Techno Projects Receivables Turnover Related Terms

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Marg Techno Projects Business Description

Traded in Other Exchanges
N/A
Address
Adajan-Hazira Road, 1206, Royal Trade Center, Opposite Star Bazar, Surat, GJ, IND, 395009
Marg Techno Projects Ltd is an Indian-based company engaged in the provision of financial services. It provides, extends, and lends money with or without guarantee, with or without security by way of a term loan, medium-term loan, short-term loan, deferred payment guarantee, lease finance, venture finance, and by any other mode or scheme.

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