Arihant Institute (BOM:541401) Receivables Turnover : 0.01 (As of Sep. 2023)

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What is Arihant Institute 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. Arihant Institute's Revenue for the six months ended in Sep. 2023 was ₹0.54 Mil. Arihant Institute's average Accounts Receivable for the six months ended in Sep. 2023 was ₹45.63 Mil. Hence, Arihant Institute's Receivables Turnover for the six months ended in Sep. 2023 was 0.01.

Arihant Institute Receivables Turnover Historical Data

The historical data trend for Arihant Institute'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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Arihant Institute Receivables Turnover Chart

Arihant Institute Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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0.52

0.14

0.01

0.02

Arihant Institute Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial												-	-	0.01	0.01	0.01

Competitive Comparison of Arihant Institute's Receivables Turnover

For the Education & Training Services subindustry, Arihant Institute'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.

Arihant Institute's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Arihant Institute's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Arihant Institute's Receivables Turnover falls into.

Arihant Institute Receivables Turnover Calculation

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

Arihant Institute'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 )
=	0.89	/ (	(43.43	+	44.249)	/	2 )
=	0.89	/	43.8395
=	0.02

Arihant Institute's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.539	/ (	(44.249	+	47.016)	/	2 )
=	0.539	/	45.6325
=	0.01

Arihant Institute (BOM:541401) 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.

Arihant Institute Receivables Turnover Related Terms

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Arihant Institute (BOM:541401) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Arihant Institute Ltd (BOM:541401) » Definitions » Receivables Turnover

Comparable Companies

PBYA BOM:530093 BOM:542592 BOM:543443 TSXV:CHN

Traded in Other Exchanges

N/A

Address

201,202, Ratna High Street, Near Naranpura Crossroad, 2nd Floor, Naranpura, Ahmedabad, GJ, IND, 380 013

Website

http://www.arihantinstitute.com

Arihant Institute Ltd is engaged in providing coaching and educational guidance for students appearing for professional courses such as Company Secretary, Chartered Accountant, and CMA, among others. It provides coaching and guidance from entry-level test exams till the final exam and covers all the subjects in depth with the test series. The company operates the educational program and coaching under the brand name Arihant Institute. It generates its revenue in the form of income from Education, E-learning, E-library, Online study materials, and others.

Arihant Institute (BOM:541401) Headlines

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