Polo Queen Industrial and Fintech (BOM:540717) Receivables Turnover : 1.67 (As of Dec. 2023)

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What is Polo Queen Industrial and Fintech 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. Polo Queen Industrial and Fintech's Revenue for the three months ended in Dec. 2023 was ₹138.3 Mil. Polo Queen Industrial and Fintech's average Accounts Receivable for the three months ended in Dec. 2023 was ₹82.6 Mil. Hence, Polo Queen Industrial and Fintech's Receivables Turnover for the three months ended in Dec. 2023 was 1.67.

Polo Queen Industrial and Fintech Receivables Turnover Historical Data

The historical data trend for Polo Queen Industrial and Fintech'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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Polo Queen Industrial and Fintech Receivables Turnover Chart

Polo Queen Industrial and Fintech Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.86

2.36

4.48

4.63

4.34

Polo Queen Industrial and Fintech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.73	1.19	0.80	1.59	1.67

Competitive Comparison of Polo Queen Industrial and Fintech's Receivables Turnover

For the Conglomerates subindustry, Polo Queen Industrial and Fintech'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.

Polo Queen Industrial and Fintech's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Polo Queen Industrial and Fintech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Polo Queen Industrial and Fintech's Receivables Turnover falls into.

Polo Queen Industrial and Fintech Receivables Turnover Calculation

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

Polo Queen Industrial and Fintech's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	778.674	/ (	(170.473	+	188.552)	/	2 )
=	778.674	/	179.5125
=	4.34

Polo Queen Industrial and Fintech's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	138.288	/ (	(82.588	+	0)	/	1 )
=	138.288	/	82.588
=	1.67

Polo Queen Industrial and Fintech (BOM:540717) 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.

Polo Queen Industrial and Fintech Receivables Turnover Related Terms

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Polo Queen Industrial and Fintech (BOM:540717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Polo Queen Industrial and Fintech Ltd (BOM:540717) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ganpatrao Kadam Marg, 303/4/5 , A to Z Industrial Estate, Lower Parel (West), Mumbai, MH, IND, 400013

Website

https://www.poloqueen.com

Polo Queen Industrial and Fintech Ltd has its activities spread over many businesses like production and marketing of FMCG products in the domestic market with supplies to defense sector, development of I.T. Park as well trading in chemicals and minerals. Its operating segments include: Trading; Non Banking Financial Business; Pharma and IT/ITES. Substantial revenue comes from the Trading segment.

Polo Queen Industrial and Fintech (BOM:540717) Headlines

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