Naapbooks (BOM:543351) Receivables Turnover : 1.28 (As of Sep. 2023)

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What is Naapbooks 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. Naapbooks's Revenue for the six months ended in Sep. 2023 was ₹19.81 Mil. Naapbooks's average Accounts Receivable for the six months ended in Sep. 2023 was ₹15.43 Mil. Hence, Naapbooks's Receivables Turnover for the six months ended in Sep. 2023 was 1.28.

Naapbooks Receivables Turnover Historical Data

The historical data trend for Naapbooks'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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Naapbooks Receivables Turnover Chart

Naapbooks Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

2.05

2.59

2.89

1.33

2.67

Naapbooks Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			0.72	0.51	0.46	2.84	1.28

Competitive Comparison of Naapbooks's Receivables Turnover

For the Information Technology Services subindustry, Naapbooks'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.

Naapbooks's Receivables Turnover Distribution in the Software Industry

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

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

Naapbooks Receivables Turnover Calculation

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

Naapbooks'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 )
=	52.138	/ (	(30.242	+	8.802)	/	2 )
=	52.138	/	19.522
=	2.67

Naapbooks'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 )
=	19.805	/ (	(8.802	+	22.059)	/	2 )
=	19.805	/	15.4305
=	1.28

Naapbooks (BOM:543351) 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.

Naapbooks Receivables Turnover Related Terms

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Naapbooks (BOM:543351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Naapbooks Ltd (BOM:543351) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Business Broadway Center, Third Floor, Above V-Mart, Law Garden, Ahmedabad, GJ, IND, 380006

Website

https://www.naapbooks.com

Naapbooks Ltd is engaged in developing and providing information technological solutions to corporates. The company develops Fintech App, Cloud Consulting, Blockchain App, Mobile App, Web App, Embedded App products to its clients.

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