Innovatus Entertainment Networks (BOM:543951) Receivables Turnover : 3.39 (As of Sep. 2024)

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What is Innovatus Entertainment Networks 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. Innovatus Entertainment Networks's Revenue for the six months ended in Sep. 2024 was ₹179.5 Mil. Innovatus Entertainment Networks's average Accounts Receivable for the six months ended in Sep. 2024 was ₹52.9 Mil. Hence, Innovatus Entertainment Networks's Receivables Turnover for the six months ended in Sep. 2024 was 3.39.

Innovatus Entertainment Networks Receivables Turnover Historical Data

The historical data trend for Innovatus Entertainment Networks'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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Innovatus Entertainment Networks Receivables Turnover Chart

Innovatus Entertainment Networks Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

3.73

2.10

1.78

2.04

3.21

Innovatus Entertainment Networks Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			1.50	0.72	1.47	2.01	3.39

Competitive Comparison of Innovatus Entertainment Networks's Receivables Turnover

For the Advertising Agencies subindustry, Innovatus Entertainment Networks'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.

Innovatus Entertainment Networks's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Innovatus Entertainment Networks's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Innovatus Entertainment Networks's Receivables Turnover falls into.

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Innovatus Entertainment Networks Receivables Turnover Calculation

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

Innovatus Entertainment Networks'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 )
=	199.289	/ (	(65.376	+	58.705)	/	2 )
=	199.289	/	62.0405
=	3.21

Innovatus Entertainment Networks'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 )
=	179.527	/ (	(58.705	+	47.176)	/	2 )
=	179.527	/	52.9405
=	3.39

Innovatus Entertainment Networks (BOM:543951) 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.

Innovatus Entertainment Networks Receivables Turnover Related Terms

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Innovatus Entertainment Networks Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Innovatus Entertainment Networks Ltd (BOM:543951) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Off New Link Road, 407, Crescent Royale, Andheri West, Mumbai, MH, IND, 400053

Website

https://www.innovatus.info

Innovatus Entertainment Networks Ltd is a creative platform for complete Infotainment with a 360-degree solution. The company provides media/advertising/marketing support services.

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