Delhivery (BOM:543529) Receivables Turnover : 1.45 (As of Mar. 2024)

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What is Delhivery 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. Delhivery's Revenue for the three months ended in Mar. 2024 was ₹20,755 Mil. Delhivery's average Accounts Receivable for the three months ended in Mar. 2024 was ₹14,297 Mil. Hence, Delhivery's Receivables Turnover for the three months ended in Mar. 2024 was 1.45.

Delhivery Receivables Turnover Historical Data

The historical data trend for Delhivery'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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Delhivery Receivables Turnover Chart

Delhivery Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.82

6.10

8.69

7.47

6.86

Delhivery Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											1.97	2.05	1.46	1.65	1.45

Competitive Comparison of Delhivery's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Delhivery'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.

Delhivery's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Delhivery's Receivables Turnover distribution charts can be found below:

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

Delhivery Receivables Turnover Calculation

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

Delhivery'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 )
=	81415.38	/ (	(9436.37	+	14296.9)	/	2 )
=	81415.38	/	11866.635
=	6.86

Delhivery'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 )
=	20755.39	/ (	(0	+	14296.9)	/	1 )
=	20755.39	/	14296.9
=	1.45

Delhivery (BOM:543529) 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.

Delhivery Receivables Turnover Related Terms

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Delhivery (BOM:543529) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Delhivery Ltd (BOM:543529) » Definitions » Receivables Turnover

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DELHIVERY:India

Address

Plot 5, Sector 44, Gurugram, HR, IND, 122002

Website

https://www.delhivery.com

Delhivery Ltd is engaged in providing a full range of logistics services, including delivery of express parcel and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software. The company also offers value-added services such as e-commerce return services, payment collection and processing, installation and assembly services, and fraud detection. The company generates the majority of its revenue from India.

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