Innokaiz India (BOM:543905) Receivables Turnover : 2.98 (As of Sep. 2023)

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What is Innokaiz India 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. Innokaiz India's Revenue for the six months ended in Sep. 2023 was ₹574.7 Mil. Innokaiz India's average Accounts Receivable for the six months ended in Sep. 2023 was ₹192.6 Mil. Hence, Innokaiz India's Receivables Turnover for the six months ended in Sep. 2023 was 2.98.

Innokaiz India Receivables Turnover Historical Data

The historical data trend for Innokaiz India'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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Innokaiz India Receivables Turnover Chart

Innokaiz India Annual Data

Trend

Mar20

Mar21

Mar22

Receivables Turnover

20.59

15.14

14.58

Innokaiz India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Sep23
Receivables Turnover	-	-	-	6.83	2.98

Competitive Comparison of Innokaiz India's Receivables Turnover

For the Specialty Business Services subindustry, Innokaiz India'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.

Innokaiz India's Receivables Turnover Distribution in the Business Services Industry

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

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

Innokaiz India Receivables Turnover Calculation

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

Innokaiz India's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Receivables Turnover (A: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2022 )	/ (	(Accounts Receivable (A: Mar. 2021 )	+	Accounts Receivable (A: Mar. 2022 ))	/	count )
=	2859.269	/ (	(176.981	+	215.11)	/	2 )
=	2859.269	/	196.0455
=	14.58

Innokaiz India'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: Sep. 2022 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	574.708	/ (	(0	+	192.574)	/	1 )
=	574.708	/	192.574
=	2.98

Innokaiz India (BOM:543905) 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.

Innokaiz India Receivables Turnover Related Terms

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Innokaiz India (BOM:543905) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Innokaiz India Ltd (BOM:543905) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Josier Street, Flat No. 1, 4th Floor, Door No. 43, Old No. 22, Real Enclave, Nungambakkam, Chennai, TN, IND, 600034

Website

https://www.innokaizindia.com

Innokaiz India Ltd is a corporate services and solutions provider Company. The company offers a comprehensive range of services covering Advertising and Marketing Solutions including Digital Marketing, Corporate Travel Arrangements, Gifting Solutions, Event Management, etc. Geographically It operates only in India. It has also ventured into new business verticals i.e., E-Commerce Business.

Innokaiz India (BOM:543905) Headlines

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