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Danlaw Technologies India (BOM:532329) Receivables Turnover : 1.77 (As of Mar. 2024)


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What is Danlaw Technologies 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. Danlaw Technologies India's Revenue for the three months ended in Mar. 2024 was ₹615 Mil. Danlaw Technologies India's average Accounts Receivable for the three months ended in Mar. 2024 was ₹348 Mil. Hence, Danlaw Technologies India's Receivables Turnover for the three months ended in Mar. 2024 was 1.77.


Danlaw Technologies India Receivables Turnover Historical Data

The historical data trend for Danlaw Technologies 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.

* Premium members only.

Danlaw Technologies India Receivables Turnover Chart

Danlaw Technologies India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.70 6.49 6.98 6.91 6.50

Danlaw Technologies India Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.60 1.54 1.16 1.23 1.77

Competitive Comparison of Danlaw Technologies India's Receivables Turnover

For the Auto Parts subindustry, Danlaw Technologies 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.


Danlaw Technologies India's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Danlaw Technologies India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Danlaw Technologies India's Receivables Turnover falls into.



Danlaw Technologies India Receivables Turnover Calculation

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

Danlaw Technologies 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 )
=2109.812 / ((300.897 + 348.433) / 2 )
=2109.812 / 324.665
=6.50

Danlaw Technologies India's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=615.225 / ((0 + 348.433) / 1 )
=615.225 / 348.433
=1.77

* 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.


Danlaw Technologies India  (BOM:532329) 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.


Danlaw Technologies India Receivables Turnover Related Terms

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Danlaw Technologies India (BOM:532329) Business Description

Traded in Other Exchanges
N/A
Address
Unit No. 201,202 & 203, Gowra Fountainhead, Huda Techno Enclave, Patrikanagar, Madhapur, Hyderabad, TG, IND, 500081
Danlaw Technologies India Ltd is providing engineering, software development consulting services, and Industrial electronics to the Automotive and aerospace industries. Its products include the DataLogger device, Telematics product, Body control products and testing products. The company generates revenue from the sale of products and services, where the majority of its revenue is from the sale of products.

Danlaw Technologies India (BOM:532329) Headlines

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