ITCONS E-Solutions (BOM:543806) Receivables Turnover : 1.70 (As of Sep. 2023)

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What is ITCONS E-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. ITCONS E-Solutions's Revenue for the six months ended in Sep. 2023 was ₹127.8 Mil. ITCONS E-Solutions's average Accounts Receivable for the six months ended in Sep. 2023 was ₹75.1 Mil. Hence, ITCONS E-Solutions's Receivables Turnover for the six months ended in Sep. 2023 was 1.70.

ITCONS E-Solutions Receivables Turnover Historical Data

The historical data trend for ITCONS E-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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ITCONS E-Solutions Receivables Turnover Chart

ITCONS E-Solutions Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

5.90

5.98

8.76

5.75

ITCONS E-Solutions Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			-	-	6.90	-	1.70

Competitive Comparison of ITCONS E-Solutions's Receivables Turnover

For the Staffing & Employment Services subindustry, ITCONS E-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.

ITCONS E-Solutions's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ITCONS E-Solutions's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ITCONS E-Solutions's Receivables Turnover falls into.

ITCONS E-Solutions Receivables Turnover Calculation

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

ITCONS E-Solutions's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	282.031	/ (	(27.804	+	70.224)	/	2 )
=	282.031	/	49.014
=	5.75

ITCONS E-Solutions's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	127.831	/ (	(70.224	+	79.979)	/	2 )
=	127.831	/	75.1015
=	1.70

ITCONS E-Solutions (BOM:543806) 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.

ITCONS E-Solutions Receivables Turnover Related Terms

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ITCONS E-Solutions (BOM:543806) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ITCONS E-Solutions Ltd (BOM:543806) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jamna Lal Bajaj Marg, 3rd Floor, B-10, Bajaj Bhawan, Sector-3, Noida, UP, IND, 201301

Website

https://www.itconsinc.com

ITCONS E-Solutions Ltd is engaged in the business of providing human resource services to both public and private organizations mostly in the organized sector in diverse roles and responsibilities. The company's services include Manpower Supply & Recruitment Services; and Manpower Sourcing & Staffing Services. The Manpower Supply Services account for a majority of its revenues, and Manpower Souring Services contribute to the rest of its revenues.

ITCONS E-Solutions (BOM:543806) Headlines

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