KPIT Technologies (BOM:542651) Receivables Turnover : 1.76 (As of Mar. 2024)

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What is KPIT Technologies 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. KPIT Technologies's Revenue for the three months ended in Mar. 2024 was ₹13,178 Mil. KPIT Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was ₹7,489 Mil. Hence, KPIT Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 1.76.

KPIT Technologies Receivables Turnover Historical Data

The historical data trend for KPIT Technologies'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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KPIT Technologies Receivables Turnover Chart

KPIT Technologies Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.14

5.38

7.16

6.98

7.26

KPIT Technologies 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															1.72	1.85	1.73	1.81	1.76

Competitive Comparison of KPIT Technologies's Receivables Turnover

For the Information Technology Services subindustry, KPIT Technologies'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.

KPIT Technologies's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, KPIT Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where KPIT Technologies's Receivables Turnover falls into.

KPIT Technologies Receivables Turnover Calculation

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

KPIT Technologies'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 )
=	48715.41	/ (	(5924.4	+	7489.47)	/	2 )
=	48715.41	/	6706.935
=	7.26

KPIT Technologies'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 )
=	13178	/ (	(0	+	7489.47)	/	1 )
=	13178	/	7489.47
=	1.76

KPIT Technologies (BOM:542651) 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.

KPIT Technologies Receivables Turnover Related Terms

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KPIT Technologies (BOM:542651) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » KPIT Technologies Ltd (BOM:542651) » Definitions » Receivables Turnover

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KPITTECH:India

Address

Plot No. 17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Taluka- Mulshi, Hinjawadi, Pune, MH, IND, 411057

Website

https://www.kpit.com

KPIT Technologies Ltd is a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy, and Utilities companies. The Company derives revenues primarily from providing engineering services which includes design engineering services, embedded software development with its related services and from the sale of licenses and products. Geographically, it derives a majority of revenue from the Americas.

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