PB Fintech (BOM:543390) Receivables Turnover : 1.67 (As of Mar. 2024)

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What is PB Fintech 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. PB Fintech's Revenue for the three months ended in Mar. 2024 was ₹10,896 Mil. PB Fintech's average Accounts Receivable for the three months ended in Mar. 2024 was ₹6,505 Mil. Hence, PB Fintech's Receivables Turnover for the three months ended in Mar. 2024 was 1.67.

PB Fintech Receivables Turnover Historical Data

The historical data trend for PB Fintech'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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PB Fintech Receivables Turnover Chart

PB Fintech Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.98

5.04

5.34

4.93

5.18

PB Fintech Quarterly Data
	Mar19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												1.28	0.98	1.31	1.41	1.67

Competitive Comparison of PB Fintech's Receivables Turnover

For the Insurance Brokers subindustry, PB Fintech'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.

PB Fintech's Receivables Turnover Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, PB Fintech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PB Fintech's Receivables Turnover falls into.

PB Fintech Receivables Turnover Calculation

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

PB Fintech'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 )
=	34376.8	/ (	(6773.094	+	6505.2)	/	2 )
=	34376.8	/	6639.147
=	5.18

PB Fintech'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 )
=	10895.747	/ (	(0	+	6505.2)	/	1 )
=	10895.747	/	6505.2
=	1.67

PB Fintech (BOM:543390) 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.

PB Fintech Receivables Turnover Related Terms

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PB Fintech (BOM:543390) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PB Fintech Ltd (BOM:543390) » Definitions » Receivables Turnover

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POLICYBZR:India

Address

Plot No. 119, Sector 44, Gurgaon, HR, IND, 122 001

Website

https://www.pbfintech.in

PB Fintech Ltd is an online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage. The group earns its entire revenue within India only. The company has two operating segments Insurance services segment and the Other services segment. The company generates the majority of its revenue from the Other services segment, which consists of online marketing, consulting and support services provided largely to the financial service industry. The Insurance services segment consists of Insurance Broker services provided by the Group.

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