Ekennis Software Service (BOM:543475) Receivables Turnover : 1.76 (As of Sep. 2024)

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What is Ekennis Software Service 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. Ekennis Software Service's Revenue for the six months ended in Sep. 2024 was ₹10.68 Mil. Ekennis Software Service's average Accounts Receivable for the six months ended in Sep. 2024 was ₹6.08 Mil. Hence, Ekennis Software Service's Receivables Turnover for the six months ended in Sep. 2024 was 1.76.

Ekennis Software Service Receivables Turnover Historical Data

The historical data trend for Ekennis Software Service'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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Ekennis Software Service Receivables Turnover Chart

Ekennis Software Service Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

11.12

11.53

9.38

13.81

6.16

Ekennis Software Service Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial				3.73	2.76	3.13	1.57	1.76

Competitive Comparison of Ekennis Software Service's Receivables Turnover

For the Information Technology Services subindustry, Ekennis Software Service'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.

Ekennis Software Service's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Ekennis Software Service's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ekennis Software Service's Receivables Turnover falls into.

Ekennis Software Service Receivables Turnover Calculation

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

Ekennis Software Service'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 )
=	28.015	/ (	(2.918	+	6.184)	/	2 )
=	28.015	/	4.551
=	6.16

Ekennis Software Service's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	10.681	/ (	(6.184	+	5.972)	/	2 )
=	10.681	/	6.078
=	1.76

Ekennis Software Service (BOM:543475) 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.

Ekennis Software Service Receivables Turnover Related Terms

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Ekennis Software Service Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ekennis Software Service Ltd (BOM:543475) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1&2 Second Floor, Neeladri Circle, Electronic City Phase-1, Dodathogur Village, Bangalore, KA, IND, 560100

Website

https://www.ekennis.com

Ekennis Software Service Ltd operates in the Information technology and Printing Industry. The company is into delivering IT software training and consultancy services, alongside its printing, designing, and packaging business operated under the brand name MyPerfectPack. The company has two business segments Manpower Supply Services and Printing & Packaging. The company generates the majority of its revenue from Manpower Supply Services.

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