Harmony Capital Services (BOM:530055) Receivables Turnover : 0.00 (As of Dec. 2023)

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What is Harmony Capital 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. Harmony Capital Services's Revenue for the three months ended in Dec. 2023 was ₹0.00 Mil. Harmony Capital Services's average Accounts Receivable for the three months ended in Dec. 2023 was ₹0.00 Mil.

Harmony Capital Services Receivables Turnover Historical Data

The historical data trend for Harmony Capital 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.

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Harmony Capital Services Receivables Turnover Chart

Harmony Capital Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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0.77

Harmony Capital Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															-	0.77	-	-	-

Competitive Comparison of Harmony Capital Services's Receivables Turnover

For the Capital Markets subindustry, Harmony Capital 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.

Harmony Capital Services's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Harmony Capital Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Harmony Capital Services's Receivables Turnover falls into.

Harmony Capital Services Receivables Turnover Calculation

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

Harmony Capital Services'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 )
=	1.747	/ (	(0	+	2.273)	/	1 )
=	1.747	/	2.273
=	0.77

Harmony Capital Services's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0	/ (	(0.001	+	0)	/	1 )
=	0	/	0.001
=	N/A

Harmony Capital Services (BOM:530055) 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.

Harmony Capital Services Receivables Turnover Related Terms

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Harmony Capital Services (BOM:530055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Harmony Capital Services Ltd (BOM:530055) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

470-B, N.M. Joshi Marg, Office No. 8A, 8th Floor, Astral Centre, Chinchpokli (West), Mumbai, MH, IND, 400011

Website

https://www.hcsl.co.in

Harmony Capital Services Ltd is a financial services company. The Company is engaged in investment activities and other financial services for corporations and individuals. The services include financial consultancy, lease and hire purchase syndication, bill discounting, inter-corporate deposits, bridge loan against a public issue or right issue, preparation of feasibility reports, capital structuring, mergers, acquisitions, and divestments, consultancy to the public, loan syndication with banks and financial institutions, and investment banking, among others. It operates in the business segment of Finance and Shares trading activity.

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