IB Infotech Enterprises (BOM:519463) Receivables Turnover : 0.83 (As of Dec. 2024)

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What is IB Infotech Enterprises 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. IB Infotech Enterprises's Revenue for the three months ended in Dec. 2024 was ₹8.76 Mil. IB Infotech Enterprises's average Accounts Receivable for the three months ended in Dec. 2024 was ₹10.49 Mil. Hence, IB Infotech Enterprises's Receivables Turnover for the three months ended in Dec. 2024 was 0.83.

IB Infotech Enterprises Receivables Turnover Historical Data

The historical data trend for IB Infotech Enterprises'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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IB Infotech Enterprises Receivables Turnover Chart

IB Infotech Enterprises Annual Data

Trend

Mar15

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Mar24

Receivables Turnover

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906.42

1,767.97

IB Infotech Enterprises 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															218.72	-	-	2.06	0.83

Competitive Comparison of IB Infotech Enterprises's Receivables Turnover

For the Information Technology Services subindustry, IB Infotech Enterprises'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.

IB Infotech Enterprises's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, IB Infotech Enterprises's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where IB Infotech Enterprises's Receivables Turnover falls into.

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IB Infotech Enterprises Receivables Turnover Calculation

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

IB Infotech Enterprises'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 )
=	58.343	/ (	(0.033	+	0)	/	1 )
=	58.343	/	0.033
=	1,767.97

IB Infotech Enterprises'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 )
=	8.76	/ (	(10.493	+	0)	/	1 )
=	8.76	/	10.493
=	0.83

IB Infotech Enterprises (BOM:519463) 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.

IB Infotech Enterprises Receivables Turnover Related Terms

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IB Infotech Enterprises Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » IB Infotech Enterprises Ltd (BOM:519463) » Definitions » Receivables Turnover

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Address

428, Kailash Plaza, Vallabh Baug Lane, Ghatkopar (East), Mumbai, MH, IND, 400075

Website

https://www.ibinfotech.net.in

IB Infotech Enterprises Ltd is involved in the manufacturing, promotion, development, implementation, trading, and dealings of various information technology-related services, electronics, wireless application products, telecommunications, media, and advertising. The company is also engaged in internet technology, IT-enabled services, and data encryption. Its operations are located in India.

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