Millennium Online Solutions (India) (BOM:511187) Receivables Turnover : 3.17 (As of Dec. 2024)

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What is Millennium Online Solutions (India) 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. Millennium Online Solutions (India)'s Revenue for the three months ended in Dec. 2024 was ₹4.36 Mil. Millennium Online Solutions (India)'s average Accounts Receivable for the three months ended in Dec. 2024 was ₹1.37 Mil. Hence, Millennium Online Solutions (India)'s Receivables Turnover for the three months ended in Dec. 2024 was 3.17.

Millennium Online Solutions (India) Receivables Turnover Historical Data

The historical data trend for Millennium Online Solutions (India)'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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Millennium Online Solutions (India) Receivables Turnover Chart

Millennium Online Solutions (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.45

10.10

9.51

10.67

7.26

Millennium Online Solutions (India) Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															-	1.73	1.07	2.65	3.17

Competitive Comparison of Millennium Online Solutions (India)'s Receivables Turnover

For the Electronics & Computer Distribution subindustry, Millennium Online Solutions (India)'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.

Millennium Online Solutions (India)'s Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Millennium Online Solutions (India)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Millennium Online Solutions (India)'s Receivables Turnover falls into.

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Millennium Online Solutions (India) Receivables Turnover Calculation

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

Millennium Online Solutions (India)'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 )
=	11.868	/ (	(1.556	+	1.714)	/	2 )
=	11.868	/	1.635
=	7.26

Millennium Online Solutions (India)'s Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	4.357	/ (	(1.374	+	0)	/	1 )
=	4.357	/	1.374
=	3.17

Millennium Online Solutions (India) (BOM:511187) 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.

Millennium Online Solutions (India) Receivables Turnover Related Terms

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Millennium Online Solutions (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Millennium Online Solutions (India) Ltd (BOM:511187) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

208-209-Regent Square, Anand Mahal Road, Above D-Mart, Near, Mahalaxmi Temple, Adajan, Surat, GJ, IND, 395009

Website

https://www.mosil.co

Millennium Online Solutions (India) Ltd is an Indian-based company involved in the selling of computers and computer peripherals.

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