Vedant Asset (BOM:543623) Receivables Turnover : 5.44 (As of Mar. 2024)

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What is Vedant Asset 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. Vedant Asset's Revenue for the six months ended in Mar. 2024 was ₹17.67 Mil. Vedant Asset's average Accounts Receivable for the six months ended in Mar. 2024 was ₹3.25 Mil. Hence, Vedant Asset's Receivables Turnover for the six months ended in Mar. 2024 was 5.44.

Vedant Asset Receivables Turnover Historical Data

The historical data trend for Vedant Asset'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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Vedant Asset Receivables Turnover Chart

Vedant Asset Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

1,338.75

206.35

11.74

Vedant Asset Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			-	838.50	73.36	18.55	5.44

Competitive Comparison of Vedant Asset's Receivables Turnover

For the Asset Management subindustry, Vedant Asset'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.

Vedant Asset's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Vedant Asset's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vedant Asset's Receivables Turnover falls into.

Vedant Asset Receivables Turnover Calculation

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

Vedant Asset'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 )
=	32.352	/ (	(0.296	+	5.215)	/	2 )
=	32.352	/	2.7555
=	11.74

Vedant Asset'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 )
=	17.673	/ (	(1.287	+	5.215)	/	2 )
=	17.673	/	3.251
=	5.44

Vedant Asset (BOM:543623) 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.

Vedant Asset Receivables Turnover Related Terms

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Vedant Asset (BOM:543623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Vedant Asset Ltd (BOM:543623) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 rd Floor, Gayways House, Pee Pee Compound, Ranchi, JH, IND, 834001

Website

https://www.vedantasset.com

Vedant Asset Ltd is engaged in a Financial Investment Super Market for private and rural investors. The core business is to earn revenue from brokerage and commission by managing funds of investors with various mutual fund houses and providing Banking Correspondence Services in association with various banks.

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