Rategain Travel Technologies (BOM:543417) Receivables Turnover : 1.25 (As of Mar. 2024)

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What is Rategain Travel 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. Rategain Travel Technologies's Revenue for the three months ended in Mar. 2024 was ₹2,558 Mil. Rategain Travel Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was ₹2,050 Mil. Hence, Rategain Travel Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 1.25.

Rategain Travel Technologies Receivables Turnover Historical Data

The historical data trend for Rategain Travel 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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Rategain Travel Technologies Receivables Turnover Chart

Rategain Travel Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.66

3.47

4.55

4.67

5.43

Rategain Travel Technologies Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											1.24	1.45	1.17	1.26	1.25

Competitive Comparison of Rategain Travel Technologies's Receivables Turnover

For the Software - Application subindustry, Rategain Travel 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.

Rategain Travel Technologies's Receivables Turnover Distribution in the Software Industry

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

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

Rategain Travel Technologies Receivables Turnover Calculation

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

Rategain Travel 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 )
=	9570.31	/ (	(1477.11	+	2050.02)	/	2 )
=	9570.31	/	1763.565
=	5.43

Rategain Travel 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 )
=	2558.1	/ (	(0	+	2050.02)	/	1 )
=	2558.1	/	2050.02
=	1.25

Rategain Travel Technologies (BOM:543417) 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.

Rategain Travel Technologies Receivables Turnover Related Terms

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Rategain Travel Technologies (BOM:543417) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Rategain Travel Technologies Ltd (BOM:543417) » Definitions » Receivables Turnover

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RATEGAIN:India

Address

Plot No. A-3,4,5, Sector 125, Club 125, 4th, Prius Global, Noida, UP, IND, 201 301

Website

https://www.rategain.com

Rategain Travel Technologies Ltd is a SaaS company in the hospitality and travel industry offering solutions across a wide spectrum of verticals including hotels, airlines, online travel agents, meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries. Geographically, it derives a majority of its revenue from the United Kingdom.

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