Abans Financial Services (BOM:543712) Receivables Turnover : 6.46 (As of Dec. 2024)

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What is Abans Financial 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. Abans Financial Services's Revenue for the three months ended in Dec. 2024 was ₹12,801 Mil. Abans Financial Services's average Accounts Receivable for the three months ended in Dec. 2024 was ₹1,981 Mil. Hence, Abans Financial Services's Receivables Turnover for the three months ended in Dec. 2024 was 6.46.

Abans Financial Services Receivables Turnover Historical Data

The historical data trend for Abans Financial 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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Abans Financial Services Receivables Turnover Chart

Abans Financial Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

6.19

3.17

1.79

4.05

5.68

Abans Financial Services Quarterly Data
	Mar20	Mar21	Mar22	Aug22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial								2.46	0.94	1.34	3.24	6.46

Competitive Comparison of Abans Financial Services's Receivables Turnover

For the Capital Markets subindustry, Abans Financial 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.

Abans Financial Services's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Abans Financial Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Abans Financial Services's Receivables Turnover falls into.

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Abans Financial Services Receivables Turnover Calculation

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

Abans Financial 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 )
=	13354.848	/ (	(2488.718	+	2210.193)	/	2 )
=	13354.848	/	2349.4555
=	5.68

Abans Financial Services's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	12801.418	/ (	(1980.78	+	0)	/	1 )
=	12801.418	/	1980.78
=	6.46

Abans Financial Services (BOM:543712) 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.

Abans Financial Services Receivables Turnover Related Terms

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Abans Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abans Financial Services Ltd (BOM:543712) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AFSL:India

Address

Backbay Reclamation, 36, 37, 38A, Floor 3, 227 Nariman Bhavan, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.abansholdings.com

Abans Financial Services Ltd, formerly Abans Holdings Ltd is engaged in providing financial services. The principal activities of the Company include wealth and asset management services including financial asset distribution, broking, lending, credit, investment solutions, asset and portfolio management, treasury operations, and allied activities. The company is also engaged in advisory services like Corporate Finance, Project Finance, Trade Finance, and providing Business & Retail Loans, unsecured and secured against collateral security, investment in government security, and bonds. The operating segments of the company are Agency business, Internal treasury operations, Lending activities, and Others. The majority of its revenue is derived from the Internal treasury operations segment.

Abans Financial Services Headlines

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