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Aeries Technology (Aeries Technology) Receivables Turnover : 1.04 (As of Dec. 2023)


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What is Aeries 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. Aeries Technology's Revenue for the three months ended in Dec. 2023 was $18.90 Mil. Aeries Technology's average Accounts Receivable for the three months ended in Dec. 2023 was $18.15 Mil. Hence, Aeries Technology's Receivables Turnover for the three months ended in Dec. 2023 was 1.04.

Aeries Technology Receivables Turnover Historical Data

The historical data trend for Aeries 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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Aeries Technology Receivables Turnover Chart

Aeries Technology Annual Data
Trend Mar22 Mar23
Receivables Turnover
5.04 4.93

Aeries Technology Quarterly Data
Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial - 1.12 1.20 - 1.04

Competitive Comparison of Aeries Technology's Receivables Turnover

For the Consulting Services subindustry, Aeries 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.

Aeries Technology's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Aeries Technology's Receivables Turnover distribution charts can be found below:

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


Aeries Technology Receivables Turnover Calculation

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

Aeries 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 )
=53.099 / ((8.13 + 13.416) / 2 )
=53.099 / 10.773
=4.93

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

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=18.897 / ((0 + 18.152) / 1 )
=18.897 / 18.152
=1.04

* 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.

Aeries Technology  (NAS:AERTW) 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.

Aeries Technology Receivables Turnover Related Terms

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Aeries Technology (Aeries Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aeries Technology Inc (NAS:AERTW) » Definitions » Receivables Turnover
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Traded in Other Exchanges
AERT:USA
Address
Twin Towers Lane, Paville House, 5th Floor, Prabhadevi, Mumbai, MH, IND, 400025
Website
https://www.aeriestechnology.com
Aeries Technology Inc is a global professional and management services partner offering a range of management consultancy services for private equity sponsors and their portfolio companies with engagement models that are designed to provide a mix of deep vertical specialty, functional expertise, and digital systems and solutions to scale, optimize and transform a client's business operations. It supports and drives its client's global growth by providing a range of management consultancy services involving professional advisory services and operations management services to build and manage dedicated delivery centers in appropriate locations based on customer business needs.