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Prudentorate Advisory Services (NSE:PRUDENT) Receivables Turnover : 1.68 (As of Mar. 2024)


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What is Prudentorate Advisory 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. Prudentorate Advisory Services's Revenue for the three months ended in Mar. 2024 was ₹2,376 Mil. Prudentorate Advisory Services's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,416 Mil. Hence, Prudentorate Advisory Services's Receivables Turnover for the three months ended in Mar. 2024 was 1.68.


Prudentorate Advisory Services Receivables Turnover Historical Data

The historical data trend for Prudentorate Advisory 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.

* Premium members only.

Prudentorate Advisory Services Receivables Turnover Chart

Prudentorate Advisory Services Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial 3.92 5.15 5.46 6.14 6.53

Prudentorate Advisory Services Quarterly Data
Mar19 Mar20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
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 1.46 1.70 1.71 1.77 1.68

Competitive Comparison of Prudentorate Advisory Services's Receivables Turnover

For the Asset Management subindustry, Prudentorate Advisory 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.


Prudentorate Advisory Services's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Prudentorate Advisory Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Prudentorate Advisory Services's Receivables Turnover falls into.



Prudentorate Advisory Services Receivables Turnover Calculation

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

Prudentorate Advisory 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 )
=7990.675 / ((1032.638 + 1416.129) / 2 )
=7990.675 / 1224.3835
=6.53

Prudentorate Advisory Services'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 )
=2376.247 / ((0 + 1416.129) / 1 )
=2376.247 / 1416.129
=1.68

* 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.


Prudentorate Advisory Services  (NSE:PRUDENT) 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.


Prudentorate Advisory Services Receivables Turnover Related Terms

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Prudentorate Advisory Services (NSE:PRUDENT) Business Description

Traded in Other Exchanges
Address
Panjarapole Cross Road, Prudent House, 3 Devang Park Society, Nr. Polytechnic, Ambawadi, Ahmedabad, GJ, IND, 380 015
Prudent Corporate Advisory Services Ltd provides retail wealth management services. The company offers Mutual Fund products, Life and General Insurance solutions, Stock Broking services, SIP with Insurance, Gold Accumulation Plans, Asset Allocation, Fixed Income Products, Property, and loans.

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