Niks Technology (BOM:543282) Receivables Turnover : 2.47 (As of Sep. 2023)

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What is Niks 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. Niks Technology's Revenue for the six months ended in Sep. 2023 was ₹18.82 Mil. Niks Technology's average Accounts Receivable for the six months ended in Sep. 2023 was ₹7.62 Mil. Hence, Niks Technology's Receivables Turnover for the six months ended in Sep. 2023 was 2.47.

Niks Technology Receivables Turnover Historical Data

The historical data trend for Niks 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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Niks Technology Receivables Turnover Chart

Niks Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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8.66

5.96

6.09

9.22

5.49

Niks Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial					2.49	5.85	6.40	3.47	2.47

Competitive Comparison of Niks Technology's Receivables Turnover

For the Information Technology Services subindustry, Niks 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.

Niks Technology's Receivables Turnover Distribution in the Software Industry

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

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

Niks Technology Receivables Turnover Calculation

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

Niks 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 )
=	20.691	/ (	(0.78	+	6.763)	/	2 )
=	20.691	/	3.7715
=	5.49

Niks Technology's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	18.824	/ (	(6.763	+	8.48)	/	2 )
=	18.824	/	7.6215
=	2.47

Niks Technology (BOM:543282) 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.

Niks Technology Receivables Turnover Related Terms

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Niks Technology (BOM:543282) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Niks Technology Ltd (BOM:543282) » Definitions » Receivables Turnover

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Address

Old Bypass Main Road, Flat No. 501, Shiv Laxmi Plaza, Opposite Rajendra Nagar Terminal, Kankarbagh, Patna, BR, IND, 800020

Website

https://www.nikstech.com

Niks Technology Ltd is an information technology solution service provider company. It offers a range of services such as cyber security, digital marketing, software development, website development, mobile app development, android app development, and classroom training and certification courses to students through offline and online routes.

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