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HOV Services (BOM:532761) Receivables Turnover : 0.44 (As of Sep. 2024)


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What is HOV Services 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. HOV Services's Revenue for the three months ended in Sep. 2024 was ₹55.8 Mil. HOV Services's average Accounts Receivable for the three months ended in Sep. 2024 was ₹127.1 Mil. Hence, HOV Services's Receivables Turnover for the three months ended in Sep. 2024 was 0.44.


HOV Services Receivables Turnover Historical Data

The historical data trend for HOV Services'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.

HOV Services Receivables Turnover Chart

HOV Services 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 2.54 1.79 1.98 2.13 2.24

HOV Services Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.48 0.45 0.52 0.67 0.44

Competitive Comparison of HOV Services's Receivables Turnover

For the Information Technology Services subindustry, HOV Services'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.


HOV Services's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where HOV Services's Receivables Turnover falls into.



HOV Services Receivables Turnover Calculation

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

HOV Services'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 )
=161.236 / ((60.973 + 82.782) / 2 )
=161.236 / 71.8775
=2.24

HOV Services's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=55.834 / ((0 + 127.088) / 1 )
=55.834 / 127.088
=0.44

* 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.


HOV Services  (BOM:532761) 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.


HOV Services Receivables Turnover Related Terms

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HOV Services Business Description

Traded in Other Exchanges
Address
Pune Satara Road, 3rd Floor, Sharda Arcade, Bibwewadi, Pune, MH, IND, 411037
HOV Services Ltd operates as a hybrid between an investment company and a diversified services corporation. The company is engaged in providing information technology (IT) and IT-enabled services, such as data entry services, software development, and support services. It also provides business process outsourcing (BPO) services. Its Software and IT Enabled Services segment acts as a key revenue driver for the firm.

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