Siddharth Education Services (BOM:540736) Receivables Turnover : 0.38 (As of Mar. 2020)

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What is Siddharth Education 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. Siddharth Education Services's Revenue for the six months ended in Mar. 2020 was ₹28.97 Mil. Siddharth Education Services's average Accounts Receivable for the six months ended in Mar. 2020 was ₹76.51 Mil. Hence, Siddharth Education Services's Receivables Turnover for the six months ended in Mar. 2020 was 0.38.

Siddharth Education Services Receivables Turnover Historical Data

The historical data trend for Siddharth Education 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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Siddharth Education Services Receivables Turnover Chart

Siddharth Education Services Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Receivables Turnover

3.74

7.77

3.40

1.66

0.38

Siddharth Education Services Semi-Annual Data
	Mar16	Mar17	Mar18	Mar19	Mar20
Receivables Turnover	3.74	7.77	3.40	1.66	0.38

Competitive Comparison of Siddharth Education Services's Receivables Turnover

For the Education & Training Services subindustry, Siddharth Education 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.

Siddharth Education Services's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Siddharth Education Services's Receivables Turnover distribution charts can be found below:

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

Siddharth Education Services Receivables Turnover Calculation

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

Siddharth Education Services's Receivables Turnover for the fiscal year that ended in Mar. 2020 is calculated as

	Receivables Turnover (A: Mar. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2020 )	/ (	(Accounts Receivable (A: Mar. 2019 )	+	Accounts Receivable (A: Mar. 2020 ))	/	count )
=	28.965	/ (	(125.24	+	27.787)	/	2 )
=	28.965	/	76.5135
=	0.38

Siddharth Education Services's Receivables Turnover for the quarter that ended in Mar. 2020 is calculated as

	Receivables Turnover (Q: Mar. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2020 )	/ (	(Accounts Receivable (Q: Mar. 2019 )	+	Accounts Receivable (Q: Mar. 2020 ))	/	count )
=	28.965	/ (	(125.24	+	27.787)	/	2 )
=	28.965	/	76.5135
=	0.38

Siddharth Education Services (BOM:540736) 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.

Siddharth Education Services Receivables Turnover Related Terms

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Siddharth Education Services (BOM:540736) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Siddharth Education Services Ltd (BOM:540736) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

101, First Floor, Chirag Arcade, E. R. ROAD, Behind Nagrik Stores, Near Ashok Cinema, Thane, MH, IND, 400 601

Website

http://www.siddharthacademy.in

Siddharth Education Services Ltd is engaged in providing tutorial coaching services for students of professional courses. The company offers tutorial services to C.S., C.A., and C.M.A under the brand name of Siddharth Academy. It is also engaged in the farming business. The company generates its revenue from Education Fees, Farming Activities, and Online Education Service.

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