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Prajay Engineers Syndicate (NSE:PRAENG) Receivables Turnover : 0.13 (As of Dec. 2024)


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What is Prajay Engineers Syndicate 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. Prajay Engineers Syndicate's Revenue for the three months ended in Dec. 2024 was ₹115.2 Mil. Prajay Engineers Syndicate's average Accounts Receivable for the three months ended in Dec. 2024 was ₹857.9 Mil. Hence, Prajay Engineers Syndicate's Receivables Turnover for the three months ended in Dec. 2024 was 0.13.


Prajay Engineers Syndicate Receivables Turnover Historical Data

The historical data trend for Prajay Engineers Syndicate'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.

* Premium members only.

Prajay Engineers Syndicate Receivables Turnover Chart

Prajay Engineers Syndicate Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.22 0.54 0.20 0.51

Prajay Engineers Syndicate Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.27 0.05 0.30 0.13

Competitive Comparison of Prajay Engineers Syndicate's Receivables Turnover

For the Real Estate - Development subindustry, Prajay Engineers Syndicate'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.


Prajay Engineers Syndicate's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Prajay Engineers Syndicate's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Prajay Engineers Syndicate's Receivables Turnover falls into.


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Prajay Engineers Syndicate Receivables Turnover Calculation

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

Prajay Engineers Syndicate'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 )
=574.604 / ((1289.779 + 977.719) / 2 )
=574.604 / 1133.749
=0.51

Prajay Engineers Syndicate'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 )
=115.205 / ((857.866 + 0) / 1 )
=115.205 / 857.866
=0.13

* 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.


Prajay Engineers Syndicate  (NSE:PRAENG) 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.


Prajay Engineers Syndicate Receivables Turnover Related Terms

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Prajay Engineers Syndicate Business Description

Traded in Other Exchanges
Address
Prajay Corporate House, 1-10-63 and 64, 5th Floor, Chikoti Gardens, Begumpet, Hyderabad, TG, IND, 500016
Prajay Engineers Syndicate Ltd is a real estate company. Its operating segment includes the Real estate segment and Hospitality Hotels and Resorts. It generates maximum revenue from the Real estate segment which is into development, sale, management, and operation of all or any part of townships, housing projects as well as leasing of self-owned commercial premises. The hotels and resorts segment (HR) is involved in the upkeep and maintenance of hotels, restaurants, and resorts. Geographically, it operates only in India.

Prajay Engineers Syndicate Headlines

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