Ascensive Educare (BOM:543443) Receivables Turnover : 0.88 (As of Mar. 2023)

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What is Ascensive Educare 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. Ascensive Educare's Revenue for the six months ended in Mar. 2023 was ₹112.2 Mil. Ascensive Educare's average Accounts Receivable for the six months ended in Mar. 2023 was ₹128.0 Mil. Hence, Ascensive Educare's Receivables Turnover for the six months ended in Mar. 2023 was 0.88.

Ascensive Educare Receivables Turnover Historical Data

The historical data trend for Ascensive Educare'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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Ascensive Educare Receivables Turnover Chart

Ascensive Educare Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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1.87

1.64

1.23

1.32

Ascensive Educare Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			0.89	0.79	0.47	0.88	-

Competitive Comparison of Ascensive Educare's Receivables Turnover

For the Education & Training Services subindustry, Ascensive Educare'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.

Ascensive Educare's Receivables Turnover Distribution in the Education Industry

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

* The bar in red indicates where Ascensive Educare's Receivables Turnover falls into.

Ascensive Educare Receivables Turnover Calculation

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

Ascensive Educare'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 )
=	208.972	/ (	(152.429	+	163.708)	/	2 )
=	208.972	/	158.0685
=	1.32

Ascensive Educare's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	112.217	/ (	(103.56	+	152.429)	/	2 )
=	112.217	/	127.9945
=	0.88

Ascensive Educare (BOM:543443) 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.

Ascensive Educare Receivables Turnover Related Terms

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Ascensive Educare (BOM:543443) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Ascensive Educare Ltd (BOM:543443) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

BF-32, 2nd Floor, Sector- I, Salt Lake City, Bidhannagar, Kolkata, WB, IND, 700064

Website

https://www.ascensiveeducare.com

Ascensive Educare Ltd is a responsive and innovative skill development company in Kolkata offering vocational training, and educational consulting in collaboration with Central and State Governments. The Company is exclusively engaged in the business of providing skill development training services.

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