Humming Bird Education (BOM:542592) Receivables Turnover : 29.38 (As of Sep. 2023)

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What is Humming Bird Education 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. Humming Bird Education's Revenue for the six months ended in Sep. 2023 was ₹39.50 Mil. Humming Bird Education's average Accounts Receivable for the six months ended in Sep. 2023 was ₹1.34 Mil. Hence, Humming Bird Education's Receivables Turnover for the six months ended in Sep. 2023 was 29.38.

Humming Bird Education Receivables Turnover Historical Data

The historical data trend for Humming Bird Education'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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Humming Bird Education Receivables Turnover Chart

Humming Bird Education Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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85.37

170.78

74.72

337.05

204.15

Humming Bird Education Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial									9.76	3.48	19.84	6.05	29.38

Competitive Comparison of Humming Bird Education's Receivables Turnover

For the Education & Training Services subindustry, Humming Bird Education'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.

Humming Bird Education's Receivables Turnover Distribution in the Education Industry

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

* The bar in red indicates where Humming Bird Education's Receivables Turnover falls into.

Humming Bird Education Receivables Turnover Calculation

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

Humming Bird Education'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 )
=	24.294	/ (	(0.026	+	0.212)	/	2 )
=	24.294	/	0.119
=	204.15

Humming Bird Education'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 )
=	39.501	/ (	(0.212	+	2.477)	/	2 )
=	39.501	/	1.3445
=	29.38

Humming Bird Education (BOM:542592) 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.

Humming Bird Education Receivables Turnover Related Terms

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Humming Bird Education (BOM:542592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Humming Bird Education Ltd (BOM:542592) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wazirpur Industrial Area, A 95/ 3, 2nd Floor, Delhi, IND, 110052

Website

https://hummingbirdeducation.com

Humming Bird Education Ltd is an Indian-based company operating in the education sector. It organizes Olympiads, where students are evaluated on a scientifically constructed syllabus and their academic performance is ranked relative to their peer group. Geographically, the company has a presence across India and Internationally.

Humming Bird Education (BOM:542592) Headlines

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