Innovation Software Exports (BOM:517433) Receivables Turnover : 0.03 (As of Sep. 2022)

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What is Innovation Software Exports 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. Innovation Software Exports's Revenue for the three months ended in Sep. 2022 was ₹8.5 Mil. Innovation Software Exports's average Accounts Receivable for the three months ended in Sep. 2022 was ₹319.6 Mil. Hence, Innovation Software Exports's Receivables Turnover for the three months ended in Sep. 2022 was 0.03.

Innovation Software Exports Receivables Turnover Historical Data

The historical data trend for Innovation Software Exports'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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Innovation Software Exports Receivables Turnover Chart

Innovation Software Exports Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar20

Mar21

Mar22

Receivables Turnover

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0.52

0.22

0.85

2.76

Innovation Software Exports Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Receivables Turnover	Get a 7-Day Free Trial															0.53	0.99	1.07	0.11	0.03

Competitive Comparison of Innovation Software Exports's Receivables Turnover

For the Education & Training Services subindustry, Innovation Software Exports'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.

Innovation Software Exports's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Innovation Software Exports's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Innovation Software Exports's Receivables Turnover falls into.

Innovation Software Exports Receivables Turnover Calculation

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

Innovation Software Exports's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Receivables Turnover (A: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2022 )	/ (	(Accounts Receivable (A: Mar. 2021 )	+	Accounts Receivable (A: Mar. 2022 ))	/	count )
=	827.655	/ (	(113.745	+	485.624)	/	2 )
=	827.655	/	299.6845
=	2.76

Innovation Software Exports's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

	Receivables Turnover (Q: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Sep. 2022 ))	/	count )
=	8.5	/ (	(316.275	+	322.929)	/	2 )
=	8.5	/	319.602
=	0.03

Innovation Software Exports (BOM:517433) 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.

Innovation Software Exports Receivables Turnover Related Terms

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Innovation Software Exports (BOM:517433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Innovation Software Exports Ltd (BOM:517433) » Definitions » Receivables Turnover

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Address

12, Kushal House 39, Nehru Place, New Delhi, IND, 1110019

Website

https://www.innovationsoftwareexports.com

Innovation Software Exports Ltd is engaged in offering information technology training in India. It provides short-term and long-term courses for high school and college students and working professionals. The company also offers special training and academic project guidance to universities and colleges on their campuses. Some of the courses offered by the company include Computer Fundamentals, MS Excel, Microsoft Office, Diploma in Programming, and Adobe Photoshop.

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