Mindteck (India) (BOM:517344) Receivables Turnover : 1.03 (As of Dec. 2023)

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What is Mindteck (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. Mindteck (India)'s Revenue for the three months ended in Dec. 2023 was ₹958 Mil. Mindteck (India)'s average Accounts Receivable for the three months ended in Dec. 2023 was ₹933 Mil. Hence, Mindteck (India)'s Receivables Turnover for the three months ended in Dec. 2023 was 1.03.

Mindteck (India) Receivables Turnover Historical Data

The historical data trend for Mindteck (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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Mindteck (India) Receivables Turnover Chart

Mindteck (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.68

4.32

5.34

5.71

5.68

Mindteck (India) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.95	1.38	1.45	1.06	1.03

Competitive Comparison of Mindteck (India)'s Receivables Turnover

For the Information Technology Services subindustry, Mindteck (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.

Mindteck (India)'s Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Mindteck (India)'s Receivables Turnover distribution charts can be found below:

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

Mindteck (India) Receivables Turnover Calculation

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

Mindteck (India)'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 )
=	3367.3	/ (	(542.2	+	643.2)	/	2 )
=	3367.3	/	592.7
=	5.68

Mindteck (India)'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 )
=	957.5	/ (	(933.2	+	0)	/	1 )
=	957.5	/	933.2
=	1.03

Mindteck (India) (BOM:517344) 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.

Mindteck (India) Receivables Turnover Related Terms

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Mindteck (India) (BOM:517344) Business Description

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MINDTECK:India

Address

Hosur Main Road, No. 664, 23/24, AMR Tech Park, Block-1, 3rd Floor, Bommanahalli, Bengaluru, KA, IND, 560068

Website

https://www.mindteck.com

Mindteck (India) Ltd provides product engineering and information technology services to clients, startups, universities, and the government. Its operations include providing software services to external customers and providing IT-enabled services to subsidiaries within the group. The company's core offerings are Product Engineering, Application Software, Electronic Design, Testing, IT Infrastructure & Managed Services, R&D Services, Energy Management Software Solutions, and Enterprise Business Services. Geographically, the group has a business presence in the United States, India, and other countries, of which key revenue is derived from the United States.

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