Omni AX's Software (BOM:532340) Receivables Turnover : 1.04 (As of Dec. 2023)

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What is Omni AX's Software 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. Omni AX's Software's Revenue for the three months ended in Dec. 2023 was ₹0.50 Mil. Omni AX's Software's average Accounts Receivable for the three months ended in Dec. 2023 was ₹0.48 Mil. Hence, Omni AX's Software's Receivables Turnover for the three months ended in Dec. 2023 was 1.04.

Omni AX's Software Receivables Turnover Historical Data

The historical data trend for Omni AX's Software'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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Omni AX's Software Receivables Turnover Chart

Omni AX's Software Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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1.11

0.92

Omni AX's Software 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															-	0.49	-	-	1.04

Competitive Comparison of Omni AX's Software's Receivables Turnover

For the Software - Application subindustry, Omni AX's Software'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.

Omni AX's Software's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Omni AX's Software's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Omni AX's Software's Receivables Turnover falls into.

Omni AX's Software Receivables Turnover Calculation

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

Omni AX's Software'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 )
=	0.581	/ (	(0.626	+	0.635)	/	2 )
=	0.581	/	0.6305
=	0.92

Omni AX's Software'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 )
=	0.5	/ (	(0.483	+	0)	/	1 )
=	0.5	/	0.483
=	1.04

Omni AX's Software (BOM:532340) 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.

Omni AX's Software Receivables Turnover Related Terms

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Omni AX's Software (BOM:532340) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Omni AX's Software Ltd (BOM:532340) » Definitions » Receivables Turnover

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Address

Dr. Ranga Road, New No.32, Old No. 106, 1st Floor, Mylapore, Chennai, TN, IND, 600004

Website

https://www.omniaxs.co.in

Omni AX's Software Ltd is an India based software service provider engaged in the development of computer software. The company provides services to large houses that offer technology and other research and development services globally. It also provides offshore outsourcing, software development outsourcing, custom application development, outsourced product development, e-commerce and wireless/mobile solutions to help businesses succeed.

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