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Blue Cloud Softech Solutions (BOM:539607) Receivables Turnover : 2.05 (As of Mar. 2024)


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What is Blue Cloud Softech Solutions 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. Blue Cloud Softech Solutions's Revenue for the three months ended in Mar. 2024 was ₹2,131 Mil. Blue Cloud Softech Solutions's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,039 Mil. Hence, Blue Cloud Softech Solutions's Receivables Turnover for the three months ended in Mar. 2024 was 2.05.


Blue Cloud Softech Solutions Receivables Turnover Historical Data

The historical data trend for Blue Cloud Softech Solutions'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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Blue Cloud Softech Solutions Receivables Turnover Chart

Blue Cloud Softech Solutions 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 0.13 0.14 0.25 24.38 9.54

Blue Cloud Softech Solutions 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 20.55 24.84 1.13 2.17 2.05

Competitive Comparison of Blue Cloud Softech Solutions's Receivables Turnover

For the Software - Application subindustry, Blue Cloud Softech Solutions'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.


Blue Cloud Softech Solutions's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Blue Cloud Softech Solutions's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Blue Cloud Softech Solutions's Receivables Turnover falls into.



Blue Cloud Softech Solutions Receivables Turnover Calculation

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

Blue Cloud Softech Solutions'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 )
=5021.903 / ((13.887 + 1038.761) / 2 )
=5021.903 / 526.324
=9.54

Blue Cloud Softech Solutions'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 )
=2130.885 / ((0 + 1038.761) / 1 )
=2130.885 / 1038.761
=2.05

* 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.


Blue Cloud Softech Solutions  (BOM:539607) 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.


Blue Cloud Softech Solutions Receivables Turnover Related Terms

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Blue Cloud Softech Solutions (BOM:539607) Business Description

Traded in Other Exchanges
N/A
Address
No. 1-2-286, Domalguda, Hyderabad, TG, IND, 500029
Blue Cloud Softech Solutions Ltd is engaged in designing and developing computer software and marketing in India or abroad. The company is also engaged in providing data processing services of all kinds, including computer consultancy, systems analysis, and programming, and computer maintenance in India or abroad.

Blue Cloud Softech Solutions (BOM:539607) Headlines

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