What is Quick Heal Technologies 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. Quick Heal Technologies's Revenue for the
three
months ended in Mar. 2024 was ₹800 Mil. Quick Heal Technologies's average Accounts Receivable for the
three
months ended in Mar. 2024 was ₹1,317 Mil.
Hence, Quick Heal Technologies's Receivables Turnover for the
three
months ended in Mar. 2024 was 0.61.
Quick Heal Technologies Receivables Turnover Historical Data
The historical data trend for Quick Heal Technologies'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.
Competitive Comparison of Quick Heal Technologies's Receivables Turnover
For the Software - Application subindustry, Quick Heal Technologies'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.
Quick Heal Technologies's Receivables Turnover Distribution in the Software Industry
For the Software industry and Technology sector, Quick Heal Technologies's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Quick Heal Technologies's Receivables Turnover falls into.
* 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.
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.
Quick Heal Technologies Receivables Turnover Related Terms
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Quick Heal Technologies (BOM:539678) Business Description
Quick Heal Technologies Ltd is an India-based IT security solutions company. It is engaged in offering software security products and solutions. The company serves clients in various industries including manufacturing, BFSI, healthcare, hospitality, educational institutions, government organizations, emerging e-commerce, and the service sector. The group reports the operating segments based on the target customer groups to bring Retail; Enterprise and Government; and Mobile. It has a business presence in India and foreign countries, of which maximum revenue is derived within India. Its product range consists of Quick Heal Total Security, Quick Heal Internet Security, Quick Heal AntiVirus Pro, Quick Heal Total Security for Mac, Quick Heal PCTuner 3.0, and Guardian NetSecure.
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