IRIS Business Services (BOM:540735) Receivables Turnover : 1.36 (As of Mar. 2024)

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What is IRIS Business 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. IRIS Business Services's Revenue for the three months ended in Mar. 2024 was ₹304 Mil. IRIS Business Services's average Accounts Receivable for the three months ended in Mar. 2024 was ₹223 Mil. Hence, IRIS Business Services's Receivables Turnover for the three months ended in Mar. 2024 was 1.36.

IRIS Business Services Receivables Turnover Historical Data

The historical data trend for IRIS Business 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.

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IRIS Business Services Receivables Turnover Chart

IRIS Business Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.52

3.76

4.24

3.63

4.34

IRIS Business Services Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.83	0.83	1.26	1.43	1.36

Competitive Comparison of IRIS Business Services's Receivables Turnover

For the Software - Application subindustry, IRIS Business 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.

IRIS Business Services's Receivables Turnover Distribution in the Software Industry

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

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

IRIS Business Services Receivables Turnover Calculation

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

IRIS Business 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 )
=	1022.966	/ (	(248.361	+	223.163)	/	2 )
=	1022.966	/	235.762
=	4.34

IRIS Business Services'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 )
=	303.534	/ (	(0	+	223.163)	/	1 )
=	303.534	/	223.163
=	1.36

IRIS Business Services (BOM:540735) 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.

IRIS Business Services Receivables Turnover Related Terms

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IRIS Business Services (BOM:540735) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IRIS Business Services Ltd (BOM:540735) » Definitions » Receivables Turnover

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IRIS:India

Address

T-231, International Infortech Park, Tower 2, 3rd Floor, Vashi, Navi Mumbai, MH, IND, 400703

Website

https://www.irisbusiness.com

IRIS Business Services Ltd is a provider of software products for compliance, data, and analytics. It offers products such as IRIS CARBON, a cloud-based filing platform that helps companies and mutual funds to meet their enterprise reporting needs, IRIS FinX, an integrated consolidation application, which enables end-to-end financial reporting by extracting data from various source; IRIS Data Consumption Platform, a structured data repository to access financial and non-financial data of public and private companies and IRIS iDEAL, a regulation reporting application for banks and financial institutions. The group's segments are Collect, Create and Consume. Its geographic segments are Middle Eastern Countries, America (including Canada and South American countries), Europe, India, Others.

IRIS Business Services (BOM:540735) Headlines

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