Max Estates (BOM:544008) Receivables Turnover : 2.39 (As of Dec. 2024)

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What is Max Estates 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. Max Estates's Revenue for the three months ended in Dec. 2024 was ₹400 Mil. Max Estates's average Accounts Receivable for the three months ended in Dec. 2024 was ₹168 Mil. Hence, Max Estates's Receivables Turnover for the three months ended in Dec. 2024 was 2.39.

Max Estates Receivables Turnover Historical Data

The historical data trend for Max Estates'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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Max Estates Receivables Turnover Chart

Max Estates Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

64.59

55.27

56.81

27.83

13.47

Max Estates Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial									3.57	3.74	5.05	2.39	2.39

Competitive Comparison of Max Estates's Receivables Turnover

For the Real Estate - Development subindustry, Max Estates'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.

Max Estates's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Max Estates's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Max Estates's Receivables Turnover falls into.

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Max Estates Receivables Turnover Calculation

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

Max Estates'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 )
=	929.437	/ (	(57.806	+	80.144)	/	2 )
=	929.437	/	68.975
=	13.47

Max Estates'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 )
=	400.401	/ (	(167.81	+	0)	/	1 )
=	400.401	/	167.81
=	2.39

Max Estates (BOM:544008) 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.

Max Estates Receivables Turnover Related Terms

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Max Estates Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Max Estates Ltd (BOM:544008) » Definitions » Receivables Turnover

Traded in Other Exchanges

MAXESTATES:India

Address

Plot No C 001/A, Sector 16B, Max Towers L 15, Noida, UP, IND, 201301

Website

https://www.maxestates.in

Max Estates Ltd is engaged in the business of real estate development. The company has paid close attention to creating a confluence of spaces that enable collaboration, innovation, and community, that are not just functional and aesthetically pleasing, but environmentally sustainable, and designed to promote the holistic wellness of its users. The Group is a one-segment company in the business of real estate development. The company involves Residential and Commercial Projects.

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