Silicon Rental Solutions (BOM:543615) Receivables Turnover : 1.98 (As of Mar. 2024)

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What is Silicon Rental Solutions 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. Silicon Rental Solutions's Revenue for the six months ended in Mar. 2024 was ₹391.1 Mil. Silicon Rental Solutions's average Accounts Receivable for the six months ended in Mar. 2024 was ₹197.8 Mil. Hence, Silicon Rental Solutions's Receivables Turnover for the six months ended in Mar. 2024 was 1.98.

Silicon Rental Solutions Receivables Turnover Historical Data

The historical data trend for Silicon Rental Solutions'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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Silicon Rental Solutions Receivables Turnover Chart

Silicon Rental Solutions Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.98

2.97

4.83

5.37

3.70

Silicon Rental Solutions Semi-Annual Data
	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial					-	3.13	2.37	2.28	1.98

Competitive Comparison of Silicon Rental Solutions's Receivables Turnover

For the Information Technology Services subindustry, Silicon Rental Solutions'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.

Silicon Rental Solutions's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Silicon Rental Solutions's Receivables Turnover falls into.

Silicon Rental Solutions Receivables Turnover Calculation

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

Silicon Rental Solutions'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 )
=	632.496	/ (	(79.054	+	263.271)	/	2 )
=	632.496	/	171.1625
=	3.70

Silicon Rental Solutions'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	391.063	/ (	(132.405	+	263.271)	/	2 )
=	391.063	/	197.838
=	1.98

Silicon Rental Solutions (BOM:543615) 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.

Silicon Rental Solutions Receivables Turnover Related Terms

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Silicon Rental Solutions (BOM:543615) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Silicon Rental Solutions Ltd (BOM:543615) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 579/580, 5th Road, 5, Mohini Heights, Ground Floor, Khar (West), Mumbai, MH, IND, 400052

Website

https://www.silicongroup1.com

Silicon Rental Solutions Ltd is an IT equipment outsourcing company. It is engaged in providing end-to-end IT equipment on a rental and returnable basis in India. It provides laptops, desktops, printers, servers, and other peripherals like CCTV cameras, projectors, storage devices, etc., mainly to small, medium, and large corporate.

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