Techknowgreen Solutions (BOM:543991) Receivables Turnover : 2.33 (As of Mar. 2024)

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What is Techknowgreen 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. Techknowgreen Solutions's Revenue for the six months ended in Mar. 2024 was ₹142.2 Mil. Techknowgreen Solutions's average Accounts Receivable for the six months ended in Mar. 2024 was ₹61.0 Mil. Hence, Techknowgreen Solutions's Receivables Turnover for the six months ended in Mar. 2024 was 2.33.

Techknowgreen Solutions Receivables Turnover Historical Data

The historical data trend for Techknowgreen 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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Techknowgreen Solutions Receivables Turnover Chart

Techknowgreen Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

2.48

3.18

0.59

5.09

Techknowgreen Solutions Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
Receivables Turnover	-	-	-	1.91	2.33

Competitive Comparison of Techknowgreen Solutions's Receivables Turnover

For the Consulting Services subindustry, Techknowgreen 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.

Techknowgreen Solutions's Receivables Turnover Distribution in the Business Services Industry

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

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

Techknowgreen Solutions Receivables Turnover Calculation

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

Techknowgreen Solutions'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 )
=	234.457	/ (	(33.412	+	58.691)	/	2 )
=	234.457	/	46.0515
=	5.09

Techknowgreen Solutions'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 )
=	142.214	/ (	(63.352	+	58.691)	/	2 )
=	142.214	/	61.0215
=	2.33

Techknowgreen Solutions (BOM:543991) 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.

Techknowgreen Solutions Receivables Turnover Related Terms

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Techknowgreen Solutions (BOM:543991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Techknowgreen Solutions Ltd (BOM:543991) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Flat-202, Hem Opal Apartment, Plot No. 26, Ekta Park Society, Wakdewadi, Pune, MH, IND, 411003

Website

http://www.techknowgreen.com

Techknowgreen Solutions Ltd is an environmental consulting company. It is engaged in the business of 'providing consulting services in almost every realm of environment & infrastructure planning, solutions to every problem of environment & climate change, which are both environmentally as well as economically feasible. It is one of the first companies in India to provide environmental IT solutions through cutting-edge software applications and compliance solutions. The company has diverse experience in handling complex projects across various industries like infrastructure, chemical, automobile, healthcare, manufacturing, real estate and national/state governments. Its client base includes government, semi-government organizations, MNCs, large companies, mid-size companies and MSMEs.

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