Veefin Solutions (BOM:543931) Receivables Turnover : 1.52 (As of Mar. 2025)

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What is Veefin 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. Veefin Solutions's Revenue for the six months ended in Mar. 2025 was ₹595.1 Mil. Veefin Solutions's average Accounts Receivable for the six months ended in Mar. 2025 was ₹390.3 Mil. Hence, Veefin Solutions's Receivables Turnover for the six months ended in Mar. 2025 was 1.52.

Veefin Solutions Receivables Turnover Historical Data

The historical data trend for Veefin 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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Veefin Solutions Receivables Turnover Chart

Veefin Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Mar25

Receivables Turnover

8.11

14.22

3.40

2.90

2.65

Veefin Solutions Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24	Mar25
Receivables Turnover	Get a 7-Day Free Trial			-	1.00	1.56	1.00	1.52

Competitive Comparison of Veefin Solutions's Receivables Turnover

For the Software - Infrastructure subindustry, Veefin 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.

Veefin Solutions's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Veefin Solutions's Receivables Turnover distribution charts can be found below:

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

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Veefin Solutions Receivables Turnover Calculation

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

Veefin Solutions's Receivables Turnover for the fiscal year that ended in Mar. 2025 is calculated as

	Receivables Turnover (A: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2025 )	/ (	(Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Mar. 2025 ))	/	count )
=	785.976	/ (	(97.54	+	496.506)	/	2 )
=	785.976	/	297.023
=	2.65

Veefin Solutions's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	595.088	/ (	(284.034	+	496.506)	/	2 )
=	595.088	/	390.27
=	1.52

Veefin Solutions (BOM:543931) 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.

Veefin Solutions Receivables Turnover Related Terms

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Veefin Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Veefin Solutions Ltd (BOM:543931) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kirol Road, Office No-601, 602 & 603, Neelkanth Corporate IT Park, Vidhyavihar, Mumbai, MH, IND, 400 086

Website

https://www.veefin.com

Veefin Solutions Ltd is a Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai. Supply Chain Finance is a financial tool used to help businesses manage their cash flows and improve their working capital. The company provides its product solutions to a wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates. Its technology product solutions are offerings, which are designed with a user-led approach, data, and analytics, and built by experienced bankers for bankers.

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