Mahindra Holidays & Resorts India (NSE:MHRIL) Receivables Turnover : 0.73 (As of Mar. 2024)

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What is Mahindra Holidays & Resorts India 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. Mahindra Holidays & Resorts India's Revenue for the three months ended in Mar. 2024 was ₹8,002 Mil. Mahindra Holidays & Resorts India's average Accounts Receivable for the three months ended in Mar. 2024 was ₹11,024 Mil. Hence, Mahindra Holidays & Resorts India's Receivables Turnover for the three months ended in Mar. 2024 was 0.73.

Mahindra Holidays & Resorts India Receivables Turnover Historical Data

The historical data trend for Mahindra Holidays & Resorts India'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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Mahindra Holidays & Resorts India Receivables Turnover Chart

Mahindra Holidays & Resorts India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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1.89

1.47

1.98

2.54

2.55

Mahindra Holidays & Resorts India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.70	0.60	0.63	0.61	0.73

Competitive Comparison of Mahindra Holidays & Resorts India's Receivables Turnover

For the Resorts & Casinos subindustry, Mahindra Holidays & Resorts India'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.

Mahindra Holidays & Resorts India's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Mahindra Holidays & Resorts India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mahindra Holidays & Resorts India's Receivables Turnover falls into.

Mahindra Holidays & Resorts India Receivables Turnover Calculation

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

Mahindra Holidays & Resorts India'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 )
=	27045.96	/ (	(10198.809	+	11024.087)	/	2 )
=	27045.96	/	10611.448
=	2.55

Mahindra Holidays & Resorts India'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	8001.925	/ (	(0	+	11024.087)	/	1 )
=	8001.925	/	11024.087
=	0.73

Mahindra Holidays & Resorts India (NSE:MHRIL) 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.

Mahindra Holidays & Resorts India Receivables Turnover Related Terms

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Mahindra Holidays & Resorts India (NSE:MHRIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Mahindra Holidays & Resorts India Ltd (NSE:MHRIL) » Definitions » Receivables Turnover

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533088:India

Address

Dr. G.M. Bhosle Marg, P.K. Kurne Chowk, Mahindra Towers, 1st Floor, A Wing, Worli, Mumbai, MH, IND, 400 018

Website

https://www.clubmahindra.com

Mahindra Holidays & Resorts India Ltd is a resort and casino company that operates timeshares. The company's operating segment includes Mahindra Holidays and Resorts India Limited (MHRIL) and Holiday Club Resorts Oy (HCRO). It generates maximum revenue from the HCRO segment. The business sells family-based timeshares and has a variety of vacation options, such as water sports, adventure sports, hobby programs, and camping. It has a network of resorts that have beaches, wildlife sanctuaries, and cultural landmarks.

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