RR Financial Consultants (BOM:511626) Receivables Turnover : 0.70 (As of Mar. 2024)

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What is RR Financial Consultants 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. RR Financial Consultants's Revenue for the three months ended in Mar. 2024 was ₹40.9 Mil. RR Financial Consultants's average Accounts Receivable for the three months ended in Mar. 2024 was ₹58.4 Mil. Hence, RR Financial Consultants's Receivables Turnover for the three months ended in Mar. 2024 was 0.70.

RR Financial Consultants Receivables Turnover Historical Data

The historical data trend for RR Financial Consultants'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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RR Financial Consultants Receivables Turnover Chart

RR Financial Consultants Annual Data

Trend

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.94

2.37

2.85

3.29

3.30

RR Financial Consultants 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															0.66	0.89	0.80	0.73	0.70

Competitive Comparison of RR Financial Consultants's Receivables Turnover

For the Financial Conglomerates subindustry, RR Financial Consultants'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.

RR Financial Consultants's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, RR Financial Consultants's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where RR Financial Consultants's Receivables Turnover falls into.

RR Financial Consultants Receivables Turnover Calculation

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

RR Financial Consultants'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 )
=	197.506	/ (	(61.317	+	58.424)	/	2 )
=	197.506	/	59.8705
=	3.30

RR Financial Consultants'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 )
=	40.896	/ (	(0	+	58.424)	/	1 )
=	40.896	/	58.424
=	0.70

RR Financial Consultants (BOM:511626) 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.

RR Financial Consultants Receivables Turnover Related Terms

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RR Financial Consultants (BOM:511626) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » RR Financial Consultants Ltd (BOM:511626) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

21, Barakhamba Road, 412-422, 4th Floor, Indraprakash Building, New Delhi, IND, 110001

Website

https://www.rrfinance.com

RR Financial Consultants Ltd is an India-based company engaged in the finance and insurance business. The company is also involved in the activities of financial advisory. Its business activities include equity broking, insurance broking, investment banking, and distribution. The company offers products such as stockbroking, commodity broking, futures and options, interest rate derivatives, currency derivatives, corporate and life insurance, retail general insurance, corporate finance, equity capital markets, private equity, mutual funds, fixed deposits, initial public offerings and tax saving schemes. It derives a majority of its revenue from offering brokerage, consultancy, and auxiliary services.

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