Aeonx Digital Technology (BOM:524594) Receivables Turnover : 0.42 (As of Dec. 2023)

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What is Aeonx Digital Technology 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. Aeonx Digital Technology's Revenue for the three months ended in Dec. 2023 was ₹89.3 Mil. Aeonx Digital Technology's average Accounts Receivable for the three months ended in Dec. 2023 was ₹213.5 Mil. Hence, Aeonx Digital Technology's Receivables Turnover for the three months ended in Dec. 2023 was 0.42.

Aeonx Digital Technology Receivables Turnover Historical Data

The historical data trend for Aeonx Digital Technology'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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Aeonx Digital Technology Receivables Turnover Chart

Aeonx Digital Technology Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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5.89

5.28

1.72

1.51

1.80

Aeonx Digital Technology 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															0.84	0.40	0.40	0.35	0.42

Competitive Comparison of Aeonx Digital Technology's Receivables Turnover

For the Chemicals subindustry, Aeonx Digital Technology'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.

Aeonx Digital Technology's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Aeonx Digital Technology's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Aeonx Digital Technology's Receivables Turnover falls into.

Aeonx Digital Technology Receivables Turnover Calculation

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

Aeonx Digital Technology'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 )
=	277.19	/ (	(112.891	+	195.187)	/	2 )
=	277.19	/	154.039
=	1.80

Aeonx Digital Technology'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 )
=	89.283	/ (	(213.527	+	0)	/	1 )
=	89.283	/	213.527
=	0.42

Aeonx Digital Technology (BOM:524594) 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.

Aeonx Digital Technology Receivables Turnover Related Terms

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Aeonx Digital Technology (BOM:524594) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Aeonx Digital Technology Ltd (BOM:524594) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Dr. D. N. Road, 12/13, Jeevan Udyog Building, 278, Fort, Mumbai, MH, IND, 400 001

Website

https://www.ashokalcochem.com

Aeonx Digital Technology Ltd formerly Ashok Alco-Chem Ltd is engaged in the business of Manufacturing Chemicals and Trading in Minerals. It has also deepened its footprint in the minerals segment by acquiring a company engaged in the business of mineral-based pharmaceutical intermediates. Its product portfolio comprises the Chemical division, Ceramic material division, and Global trading division. The company has two segments namely, the Sale of products and IT services. The majority of revenue is generated from the sale of products.

Aeonx Digital Technology (BOM:524594) Headlines

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