PTC India Financial Services (NSE:PFS) Receivables Turnover : 41.01 (As of Dec. 2023)

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What is PTC India Financial 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. PTC India Financial Services's Revenue for the three months ended in Dec. 2023 was ₹2,043 Mil. PTC India Financial Services's average Accounts Receivable for the three months ended in Dec. 2023 was ₹50 Mil. Hence, PTC India Financial Services's Receivables Turnover for the three months ended in Dec. 2023 was 41.01.

PTC India Financial Services Receivables Turnover Historical Data

The historical data trend for PTC India Financial 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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PTC India Financial Services Receivables Turnover Chart

PTC India Financial Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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185.57

216.30

287.55

380.88

282.30

PTC India Financial Services Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															42.49	42.16	36.08	41.45	41.01

Competitive Comparison of PTC India Financial Services's Receivables Turnover

For the Credit Services subindustry, PTC India Financial 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.

PTC India Financial Services's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, PTC India Financial Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PTC India Financial Services's Receivables Turnover falls into.

PTC India Financial Services Receivables Turnover Calculation

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

PTC India Financial 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 )
=	7485.77	/ (	(11.062	+	41.973)	/	2 )
=	7485.77	/	26.5175
=	282.30

PTC India Financial 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 )
=	2043.22	/ (	(49.817	+	0)	/	1 )
=	2043.22	/	49.817
=	41.01

PTC India Financial Services (NSE:PFS) 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.

PTC India Financial Services Receivables Turnover Related Terms

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PTC India Financial Services (NSE:PFS) Business Description

Industry

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533344:India

Address

8 Bhikaji Cama Place, 7th Floor, Telephone Exchange Building, New Delhi, IND, 110 066

Website

https://www.ptcfinancial.com

PTC India Financial Services Ltd provides total financial services to the entities in the energy value chain, which inter-alia includes investing in equity and extending debt to power projects in generation, transmission, distribution, fuel sources, fuel-related infrastructures like gas pipelines, LNG terminals, ports, equipment manufacturers, and EPC contractors. The company also provides non-fund-based financial services adding value to greenfield and brownfield projects at various stages of growth and development. The company is an India-based Non-Banking Financial company.