Max Financial Services (BOM:500271) Change In Receivables : ₹0 Mil (TTM As of Mar. 2024)

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What is Max Financial Services Change In Receivables?

Max Financial Services's change in receivables for the quarter that ended in Mar. 2024 was ₹0 Mil. It means Max Financial Services's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Max Financial Services's change in receivables for the fiscal year that ended in Mar. 2024 was ₹-2,413 Mil. It means Max Financial Services's Accounts Receivable increased by ₹2,413 Mil from Mar. 2023 to Mar. 2024 .

Max Financial Services's Accounts Receivable for the quarter that ended in Mar. 2024 was ₹1 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Max Financial Services's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Max Financial Services's liquidation value for the three months ended in Mar. 2024 was ₹-1,575,458 Mil.

Max Financial Services Change In Receivables Historical Data

The historical data trend for Max Financial Services's Change In Receivables 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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Max Financial Services Change In Receivables Chart

Max Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Receivables

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-1,886.98

2,121.67

-650.50

-235.70

-2,412.70

Max Financial Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Max Financial Services Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

Max Financial Services (BOM:500271) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Max Financial Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.5	/	149877.6	*	91
=	0.00

2. In Ben Graham's calculation of liquidation value, Max Financial Services's accounts receivable are only considered to be worth 75% of book value:

Max Financial Services's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	8581.2	-	1584039.4	+	0.75 * 0.5	+	0.5 * 0
=	-1,575,458

Max Financial Services Change In Receivables Related Terms

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Max Financial Services (BOM:500271) Business Description

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MFSL:India

Address

L20M, Plot No. C-001/A/1, Sector 16B, Max Towers, Noida, UP, IND, 201301

Website

https://www.maxfinancialservices.com

Max Financial Services Ltd is a non-bank private life insurance company. Max Group entities are Max Life Insurance Company, Max India, and Max Venture & Industries. Max Life Insurance Company is co-owned by Max Financial Services and Mitsui Sumitomo Insurance, a Japanese life insurance company. Max India offers healthcare and health insurance. The Max-Ventures and Industries division is an entrepreneurial division that helps the government with economic and commercial efforts. The company's operating segment involves Business Investment and Life Insurance. It earns the majority of revenue from Life Insurance segment.

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