Veranda Learning Solutions (BOM:543514) Receivables Turnover : 1.91 (As of Dec. 2024)

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What is Veranda Learning 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. Veranda Learning Solutions's Revenue for the three months ended in Dec. 2024 was ₹991 Mil. Veranda Learning Solutions's average Accounts Receivable for the three months ended in Dec. 2024 was ₹520 Mil. Hence, Veranda Learning Solutions's Receivables Turnover for the three months ended in Dec. 2024 was 1.91.

Veranda Learning Solutions Receivables Turnover Historical Data

The historical data trend for Veranda Learning 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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Veranda Learning Solutions Receivables Turnover Chart

Veranda Learning Solutions Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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8.06

39.65

35.99

16.21

Veranda Learning Solutions Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial													5.62	2.60	3.05	2.67	1.91

Competitive Comparison of Veranda Learning Solutions's Receivables Turnover

For the Education & Training Services subindustry, Veranda Learning 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.

Veranda Learning Solutions's Receivables Turnover Distribution in the Education Industry

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

* The bar in red indicates where Veranda Learning Solutions's Receivables Turnover falls into.

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Veranda Learning Solutions Receivables Turnover Calculation

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

Veranda Learning Solutions'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 )
=	3605.124	/ (	(55.056	+	389.617)	/	2 )
=	3605.124	/	222.3365
=	16.21

Veranda Learning Solutions's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	991.471	/ (	(519.61	+	0)	/	1 )
=	991.471	/	519.61
=	1.91

Veranda Learning Solutions (BOM:543514) 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.

Veranda Learning Solutions Receivables Turnover Related Terms

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Veranda Learning Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Veranda Learning Solutions Ltd (BOM:543514) » Definitions » Receivables Turnover

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VERANDA:India

Address

No. 807-808, Anna Salai, G.R Complex, First floor, Nandanam, Chennai, TN, IND, 600035

Website

https://www.verandalearning.com

Veranda Learning Solutions Ltd is an India-based company that serves as a holding company. The group is focused on developing and managing an integrated Online to Offline (O2O) EdTech platform. This platform offers a range of learning programs for individuals preparing for competitive and professional exams. It includes curated learning content, books, and Q&A in its repository for exams such as the Tamil Nadu Public Service Commission (TNPSC), SSC, RRB and Banking exams, Chartered Accountancy, and IAS courses. In addition to this, the group is involved in providing online training and coaching services. The company's operations are exclusively within India.

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