Maagh Advertising & Marketing Services (BOM:543624) Receivables Turnover : 1.60 (As of Sep. 2024)

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What is Maagh Advertising & Marketing Services 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. Maagh Advertising & Marketing Services's Revenue for the six months ended in Sep. 2024 was ₹159.0 Mil. Maagh Advertising & Marketing Services's average Accounts Receivable for the six months ended in Sep. 2024 was ₹99.1 Mil. Hence, Maagh Advertising & Marketing Services's Receivables Turnover for the six months ended in Sep. 2024 was 1.60.

Maagh Advertising & Marketing Services Receivables Turnover Historical Data

The historical data trend for Maagh Advertising & Marketing Services'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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Maagh Advertising & Marketing Services Receivables Turnover Chart

Maagh Advertising & Marketing Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

9.00

5.06

4.99

2.96

5.63

Maagh Advertising & Marketing Services Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			2.72	1.28	1.53	1.92	1.60

Competitive Comparison of Maagh Advertising & Marketing Services's Receivables Turnover

For the Advertising Agencies subindustry, Maagh Advertising & Marketing Services'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.

Maagh Advertising & Marketing Services's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Maagh Advertising & Marketing Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Maagh Advertising & Marketing Services's Receivables Turnover falls into.

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Maagh Advertising & Marketing Services Receivables Turnover Calculation

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

Maagh Advertising & Marketing Services'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 )
=	485.539	/ (	(86.413	+	85.973)	/	2 )
=	485.539	/	86.193
=	5.63

Maagh Advertising & Marketing Services'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 )
=	158.978	/ (	(85.973	+	112.264)	/	2 )
=	158.978	/	99.1185
=	1.60

Maagh Advertising & Marketing Services (BOM:543624) 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.

Maagh Advertising & Marketing Services Receivables Turnover Related Terms

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Maagh Advertising & Marketing Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Maagh Advertising & Marketing Services Ltd (BOM:543624) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Link Road, Office No. 302, 3rd Floor, Kuber Complex, Opposite Laxmi Industrial Estate, Andheri West, Mumbai, MH, IND, 400053

Website

https://www.maaghadvertising.in

Maagh Advertising & Marketing Services Ltd is an advertising agency offering creative and media services. It creates and executes advertising campaigns across various media that help clients businesses and brands grow. The company offers a complete range of designing, media and printing services. The company has one reportable segment namely Advertising & Media Agencies. The company conducts all of its operations within India.

Maagh Advertising & Marketing Services Headlines

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