Max India (BOM:543223) Receivables Turnover : 9.12 (As of Mar. 2024)

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What is Max India 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. Max India's Revenue for the three months ended in Mar. 2024 was ₹450 Mil. Max India's average Accounts Receivable for the three months ended in Mar. 2024 was ₹49 Mil. Hence, Max India's Receivables Turnover for the three months ended in Mar. 2024 was 9.12.

Max India Receivables Turnover Historical Data

The historical data trend for Max India'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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Max India Receivables Turnover Chart

Max India Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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9.07

25.75

46.93

45.05

Max India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															19.73	14.24	10.43	8.62	9.12

Competitive Comparison of Max India's Receivables Turnover

For the Medical Care Facilities subindustry, Max India'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.

Max India's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Max India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Max India's Receivables Turnover falls into.

Max India Receivables Turnover Calculation

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

Max India'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 )
=	1756.3	/ (	(28.565	+	49.4)	/	2 )
=	1756.3	/	38.9825
=	45.05

Max India's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	450.4	/ (	(0	+	49.4)	/	1 )
=	450.4	/	49.4
=	9.12

Max India (BOM:543223) 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.

Max India Receivables Turnover Related Terms

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Max India (BOM:543223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Max India Ltd (BOM:543223) » Definitions » Receivables Turnover

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MAXIND:India

Address

L20M, Max Towers, Plot No. C-001/A/1, Sector-16B, Noida, UP, IND, 201301

Website

https://www.maxindia.com

Max India Ltd is a multi-business corporate that operates in the healthcare sector. The company provides healthcare services. Also, the company provides health insurance policies, senior-living communities, and other health-related training services. The business operates in four segments namely, Business Investments, Senior Living, Skill and Development, and Other.

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