Lex Nimble Solutions (BOM:541196) Receivables Turnover : 5.38 (As of Sep. 2023)

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What is Lex Nimble 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. Lex Nimble Solutions's Revenue for the six months ended in Sep. 2023 was ₹22.89 Mil. Lex Nimble Solutions's average Accounts Receivable for the six months ended in Sep. 2023 was ₹4.26 Mil. Hence, Lex Nimble Solutions's Receivables Turnover for the six months ended in Sep. 2023 was 5.38.

Lex Nimble Solutions Receivables Turnover Historical Data

The historical data trend for Lex Nimble 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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Lex Nimble Solutions Receivables Turnover Chart

Lex Nimble Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.43

10.38

9.65

16.01

13.74

Lex Nimble Solutions Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial													7.09	14.09	7.94	5.86	5.38

Competitive Comparison of Lex Nimble Solutions's Receivables Turnover

For the Information Technology Services subindustry, Lex Nimble 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.

Lex Nimble Solutions's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Lex Nimble Solutions's Receivables Turnover falls into.

Lex Nimble Solutions Receivables Turnover Calculation

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

Lex Nimble Solutions's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	43.183	/ (	(1.439	+	4.846)	/	2 )
=	43.183	/	3.1425
=	13.74

Lex Nimble Solutions's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	22.885	/ (	(4.846	+	3.664)	/	2 )
=	22.885	/	4.255
=	5.38

Lex Nimble Solutions (BOM:541196) 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.

Lex Nimble Solutions Receivables Turnover Related Terms

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Lex Nimble Solutions (BOM:541196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lex Nimble Solutions Ltd (BOM:541196) » Definitions » Receivables Turnover

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Address

Quardant 3, Module A1, Cyber Towers, 10th Floor, Hitech City, Madhapur, Hyderabad, TG, IND, 500 081

Website

https://www.lexnimble.in

Lex Nimble Solutions Ltd is engaged in IT consulting, support and solutions and appraisal advisory, certification, training and related services on quality models. The company's business segments are Software services and Consulting services. It derives key revenue from the Consulting services segment which covers IT staffing, Support Services and Payroll and accounting Service; and Quality Certification, Consulting and Training. Geographically, the group has customers located within India and other countries.

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