AccelerateBS India (BOM:543938) Receivables Turnover : 1.99 (As of Sep. 2024)

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What is AccelerateBS 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. AccelerateBS India's Revenue for the six months ended in Sep. 2024 was ₹32.41 Mil. AccelerateBS India's average Accounts Receivable for the six months ended in Sep. 2024 was ₹16.25 Mil. Hence, AccelerateBS India's Receivables Turnover for the six months ended in Sep. 2024 was 1.99.

AccelerateBS India Receivables Turnover Historical Data

The historical data trend for AccelerateBS 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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AccelerateBS India Receivables Turnover Chart

AccelerateBS India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

13.98

12.98

21.33

16.93

3.52

AccelerateBS India Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			-	-	2.59	2.74	1.99

Competitive Comparison of AccelerateBS India's Receivables Turnover

For the Information Technology Services subindustry, AccelerateBS 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.

AccelerateBS India's Receivables Turnover Distribution in the Software Industry

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

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

AccelerateBS India Receivables Turnover Calculation

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

AccelerateBS India'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 )
=	67.888	/ (	(0	+	19.261)	/	1 )
=	67.888	/	19.261
=	3.52

AccelerateBS India's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	32.408	/ (	(19.261	+	13.244)	/	2 )
=	32.408	/	16.2525
=	1.99

AccelerateBS India (BOM:543938) 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.

AccelerateBS India Receivables Turnover Related Terms

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AccelerateBS India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AccelerateBS India Ltd (BOM:543938) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rambaug Lane, Off S V Road, Office 604, Quantum Tower, Malad West, Mumbai, MH, IND, 400064

Website

https://www.acceleratebs.com

AccelerateBS India Ltd is a Digital Technology Services company offering a multitude of boutique technology services to both B2B and B2C companies around the world. It is engaged in the business of consultancy advisory in the field of information technology and allied sectors. The services provided by the company include Digital Technology Services, DXP (Digital Experience Platforms) Consulting and Implementation Services, Digital Projects, Cloud Infrastructure, Cognitive AI, Intelligent Chatbots, and others.

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