Getalong Enterprise (BOM:543372) Receivables Turnover : 3.00 (As of Sep. 2024)

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What is Getalong Enterprise 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. Getalong Enterprise's Revenue for the six months ended in Sep. 2024 was ₹9.77 Mil. Getalong Enterprise's average Accounts Receivable for the six months ended in Sep. 2024 was ₹3.26 Mil. Hence, Getalong Enterprise's Receivables Turnover for the six months ended in Sep. 2024 was 3.00.

Getalong Enterprise Receivables Turnover Historical Data

The historical data trend for Getalong Enterprise'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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Getalong Enterprise Receivables Turnover Chart

Getalong Enterprise Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

1.41

1.57

0.01

0.34

Getalong Enterprise Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			0.45	-	0.03	4.37	3.00

Competitive Comparison of Getalong Enterprise's Receivables Turnover

For the Personal Services subindustry, Getalong Enterprise'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.

Getalong Enterprise's Receivables Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Getalong Enterprise's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Getalong Enterprise's Receivables Turnover falls into.

Getalong Enterprise Receivables Turnover Calculation

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

Getalong Enterprise'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 )
=	17.038	/ (	(97.052	+	3.141)	/	2 )
=	17.038	/	50.0965
=	0.34

Getalong Enterprise's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	9.772	/ (	(3.141	+	3.379)	/	2 )
=	9.772	/	3.26
=	3.00

Getalong Enterprise (BOM:543372) 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.

Getalong Enterprise Receivables Turnover Related Terms

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Getalong Enterprise Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Getalong Enterprise Ltd (BOM:543372) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Damji Shamji Corporate Square, Office No. 402, B-Wing, Laxmi Nagar, Ghatkopar (East), Mumbai, MH, IND, 400 075

Website

https://www.getalongenterprise.com

Getalong Enterprise Ltd is engaged in the business of providing Tax Advisory and compliance Filing Services on a standalone basis and trading Garments in its subsidiary. The firm's service offering comprises Tax Advisory, Tax Compliance, Legal Services, Business Formation, Financial services and Allied services.

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