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Sancode Technologies (BOM:543897) Receivables Turnover : 8.35 (As of Mar. 2024)


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What is Sancode Technologies 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. Sancode Technologies's Revenue for the six months ended in Mar. 2024 was ₹39.15 Mil. Sancode Technologies's average Accounts Receivable for the six months ended in Mar. 2024 was ₹4.69 Mil. Hence, Sancode Technologies's Receivables Turnover for the six months ended in Mar. 2024 was 8.35.

Sancode Technologies Receivables Turnover Historical Data

The historical data trend for Sancode Technologies'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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Sancode Technologies Receivables Turnover Chart

Sancode Technologies Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
0.22 1.78 1.60 0.82 13.77

Sancode Technologies Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Receivables Turnover Get a 7-Day Free Trial - 0.57 - 1.42 8.35

Competitive Comparison of Sancode Technologies's Receivables Turnover

For the Consulting Services subindustry, Sancode Technologies'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.

Sancode Technologies's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Sancode Technologies's Receivables Turnover distribution charts can be found below:

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


Sancode Technologies Receivables Turnover Calculation

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

Sancode Technologies'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 )
=47.578 / ((0 + 3.454) / 1 )
=47.578 / 3.454
=13.77

Sancode Technologies'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: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=39.148 / ((5.922 + 3.454) / 2 )
=39.148 / 4.688
=8.35

* 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.

Sancode Technologies  (BOM:543897) 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.

Sancode Technologies Receivables Turnover Related Terms

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Sancode Technologies (BOM:543897) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sancode Technologies Ltd (BOM:543897) » Definitions » Receivables Turnover
Comparable Companies
BOM:541735 BOM:501622 BOM:531834 BOM:531259 BOM:543234 BOM:543991 VRSK LSE:EXPN EFX BAH XSWX:SGSN XPAR:BVI TRU FCN TSE:6532 XSWX:DKSH SZSE:300012 ASX:ALQ ICFI XPAR:IPS
Traded in Other Exchanges
N/A
Address
B.M. Road, Opposite Elphinstone Station, 107, Prime Plaza, J.V. Patel Compound, Mumbai, MH, IND, 400013
Website
https://www.sancodetech.com
Sancode Technologies Ltd provides management consultancy services and ancillary services to startups and other entities. The firm's entire business falls under one segment namely Management consultancy services. It engages in software and product Digital transformation. Workflow automation., Artificial intelligence (AI), and Machine learning (ML). Robotic Process Automation (RPA) and Data Analytics, Metaverse, Web3 applications, and System Integration. development offering an API-enabled platform and solutions that enable organizations to adopt powerful technology applications addressing their strategic business needs rapidly.

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