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UTI Asset Management Co (NSE:UTIAMC) Receivables Turnover : 3.81 (As of Mar. 2024)


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What is UTI Asset Management Co 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. UTI Asset Management Co's Revenue for the three months ended in Mar. 2024 was ₹3,177 Mil. UTI Asset Management Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₹833 Mil. Hence, UTI Asset Management Co's Receivables Turnover for the three months ended in Mar. 2024 was 3.81.


UTI Asset Management Co Receivables Turnover Historical Data

The historical data trend for UTI Asset Management Co'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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UTI Asset Management Co Receivables Turnover Chart

UTI Asset Management Co Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial 22.00 18.44 18.48 13.71 13.87

UTI Asset Management Co 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 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 3.09 3.25 3.89 3.87 3.81

Competitive Comparison of UTI Asset Management Co's Receivables Turnover

For the Asset Management subindustry, UTI Asset Management Co'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.


UTI Asset Management Co's Receivables Turnover Distribution in the Asset Management Industry

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

* The bar in red indicates where UTI Asset Management Co's Receivables Turnover falls into.



UTI Asset Management Co Receivables Turnover Calculation

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

UTI Asset Management Co'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 )
=11820.6 / ((871.3 + 833.4) / 2 )
=11820.6 / 852.35
=13.87

UTI Asset Management Co'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 )
=3176.8 / ((0 + 833.4) / 1 )
=3176.8 / 833.4
=3.81

* 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.


UTI Asset Management Co  (NSE:UTIAMC) 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.


UTI Asset Management Co Receivables Turnover Related Terms

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UTI Asset Management Co (NSE:UTIAMC) Business Description

Traded in Other Exchanges
Address
G Block, Bandra Kurla Complex, UTI Tower, Bandra (East), Mumbai, MH, IND, 400051
UTI Asset Management Co Ltd is an asset management company in India. The company caters to a diverse group of individual and institutional investors through a wide variety of funds and services. It manages domestic mutual funds, provides portfolio management services, and manages retirement funds, offshore funds, and alternative investment funds. The objective of the group is to maximize the shareholder value as well as to maintain investor, creditor, and market confidence and sustain the future development of the group.

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