Resourceful Automobile (BOM:544236) Receivables Turnover : 26.28 (As of Mar. 2023)

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What is Resourceful Automobile 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. Resourceful Automobile's Revenue for the six months ended in Mar. 2023 was ₹188.4 Mil. Resourceful Automobile's average Accounts Receivable for the six months ended in Mar. 2023 was ₹7.2 Mil. Hence, Resourceful Automobile's Receivables Turnover for the six months ended in Mar. 2023 was 26.28.

Resourceful Automobile Receivables Turnover Historical Data

The historical data trend for Resourceful Automobile'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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Resourceful Automobile Receivables Turnover Chart

Resourceful Automobile Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

74.28

16.46

26.28

Resourceful Automobile Semi-Annual Data
	Mar21	Mar22	Mar23
Receivables Turnover	74.28	16.46	26.28

Competitive Comparison of Resourceful Automobile's Receivables Turnover

For the Auto & Truck Dealerships subindustry, Resourceful Automobile'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.

Resourceful Automobile's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Resourceful Automobile's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Resourceful Automobile's Receivables Turnover falls into.

Resourceful Automobile Receivables Turnover Calculation

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

Resourceful Automobile's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	188.392	/ (	(13.477	+	0.86)	/	2 )
=	188.392	/	7.1685
=	26.28

Resourceful Automobile's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	188.392	/ (	(13.477	+	0.86)	/	2 )
=	188.392	/	7.1685
=	26.28

Resourceful Automobile (BOM:544236) 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.

Resourceful Automobile Receivables Turnover Related Terms

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Resourceful Automobile Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Resourceful Automobile Ltd (BOM:544236) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

KH No. 107/10 Main Road, K-24, Upper Ground, Raja puri, West Delhi, New Delhi, IND, 110059

Website

https://www.sawhneyauto.com

Resourceful Automobile Ltd is engaged in the dealership of two-wheeler bike of Yamaha, operating under the showroom name Sawhney Automobile. It is also involved in the sales and servicing of motorcycles and scooters.

Resourceful Automobile Headlines

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