Secmark Consultancy (BOM:543234) Receivables Turnover : 11.86 (As of Mar. 2024)

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What is Secmark Consultancy 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. Secmark Consultancy's Revenue for the six months ended in Mar. 2024 was ₹137.6 Mil. Secmark Consultancy's average Accounts Receivable for the six months ended in Mar. 2024 was ₹11.6 Mil. Hence, Secmark Consultancy's Receivables Turnover for the six months ended in Mar. 2024 was 11.86.

Secmark Consultancy Receivables Turnover Historical Data

The historical data trend for Secmark Consultancy'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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Secmark Consultancy Receivables Turnover Chart

Secmark Consultancy Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.02

4.70

8.19

13.25

22.81

Secmark Consultancy Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial						6.92	4.96	5.44	8.64	11.86

Competitive Comparison of Secmark Consultancy's Receivables Turnover

For the Consulting Services subindustry, Secmark Consultancy'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.

Secmark Consultancy's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Secmark Consultancy's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Secmark Consultancy's Receivables Turnover falls into.

Secmark Consultancy Receivables Turnover Calculation

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

Secmark Consultancy'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 )
=	245.917	/ (	(11.713	+	9.846)	/	2 )
=	245.917	/	10.7795
=	22.81

Secmark Consultancy'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	137.593	/ (	(13.352	+	9.846)	/	2 )
=	137.593	/	11.599
=	11.86

Secmark Consultancy (BOM:543234) 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.

Secmark Consultancy Receivables Turnover Related Terms

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Secmark Consultancy (BOM:543234) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Secmark Consultancy Ltd (BOM:543234) » Definitions » Receivables Turnover

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Traded in Other Exchanges

SECMARK:India

Address

Near Ambamata Mandir, Plot No 36/ 227, RDP-10, CTS-1C/1/640, Sector-6, Charkop, Kandivali (West), Mumbai, MH, IND, 400067

Website

https://www.secmark.in

Secmark Consultancy Ltd offers services in the areas of compliance, operations, risk management, outsourcing, software development, and legal matters to financial market participants and others. The company's products include Order Instruction Management System; Compliancesutra; and E-learning product suite. Its clients include stock and commodity brokers, depository participants, stock exchanges, wealth managers, alternative investment funds, research analysts, insurance companies, insurance brokers, corporate agents, portfolio managers, investment advisors, NBFCs, etc.

Secmark Consultancy (BOM:543234) Headlines

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