Route Mobile (BOM:543228) Receivables Turnover : 0.95 (As of Mar. 2024)

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What is Route Mobile 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. Route Mobile's Revenue for the three months ended in Mar. 2024 was ₹10,170 Mil. Route Mobile's average Accounts Receivable for the three months ended in Mar. 2024 was ₹10,716 Mil. Hence, Route Mobile's Receivables Turnover for the three months ended in Mar. 2024 was 0.95.

Route Mobile Receivables Turnover Historical Data

The historical data trend for Route Mobile'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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Route Mobile Receivables Turnover Chart

Route Mobile Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.49

6.68

5.46

5.86

4.54

Route Mobile Quarterly Data
	Mar18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.81	1.44	1.27	1.14	0.95

Competitive Comparison of Route Mobile's Receivables Turnover

For the Telecom Services subindustry, Route Mobile'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.

Route Mobile's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Route Mobile's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Route Mobile's Receivables Turnover falls into.

Route Mobile Receivables Turnover Calculation

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

Route Mobile'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 )
=	40232.9	/ (	(7015.4	+	10715.8)	/	2 )
=	40232.9	/	8865.6
=	4.54

Route Mobile'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 )
=	10170.3	/ (	(0	+	10715.8)	/	1 )
=	10170.3	/	10715.8
=	0.95

Route Mobile (BOM:543228) 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.

Route Mobile Receivables Turnover Related Terms

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Route Mobile (BOM:543228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Route Mobile Ltd (BOM:543228) » Definitions » Receivables Turnover

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ROUTE:India

Address

4th Dimension, 3rd Floor, Mind space, Malad (West), Mumbai, MH, IND, 400 064

Website

https://www.routemobile.com

Route Mobile Ltd is a Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO). Its range of enterprise communication services includes smart solutions in Messaging, Voice, Email, SMS Filtering, Analytics, and Monetization. The company's products and services include Messaging; Operator; Voice; Email; Identity Solution; and Bespoke Solutions. Its geographical operations are spread across India, Dubai, United Kingdom and Nigeria.

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