Updater Services (BOM:543996) Receivables Turnover : 1.27 (As of Dec. 2024)

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What is Updater Services 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. Updater Services's Revenue for the three months ended in Dec. 2024 was ₹6,949 Mil. Updater Services's average Accounts Receivable for the three months ended in Dec. 2024 was ₹5,465 Mil. Hence, Updater Services's Receivables Turnover for the three months ended in Dec. 2024 was 1.27.

Updater Services Receivables Turnover Historical Data

The historical data trend for Updater Services'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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Updater Services Receivables Turnover Chart

Updater Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

4.69

5.01

6.30

6.94

6.62

Updater Services Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial									1.20	1.57	1.62	1.24	1.27

Competitive Comparison of Updater Services's Receivables Turnover

For the Specialty Business Services subindustry, Updater Services'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.

Updater Services's Receivables Turnover Distribution in the Business Services Industry

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

* The bar in red indicates where Updater Services's Receivables Turnover falls into.

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Updater Services Receivables Turnover Calculation

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

Updater Services'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 )
=	24443.63	/ (	(3359.88	+	4019.96)	/	2 )
=	24443.63	/	3689.92
=	6.62

Updater Services's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	6948.86	/ (	(5465.33	+	0)	/	1 )
=	6948.86	/	5465.33
=	1.27

Updater Services (BOM:543996) 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.

Updater Services Receivables Turnover Related Terms

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Updater Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Updater Services Ltd (BOM:543996) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

UDS:India

Address

No. 2/302-A, UDS Salai, Off Old Mahabalipuram Road, Thoraipakkam, Chennai, TN, IND, 600097

Website

https://www.uds.in

Updater Services Ltd is a company offering d integrated business services platform in India offering integrated facilities management (IFM) services and business support services (BSS) to our clients, with a pan-India presence. It operates in the Business-to-Business (B2B) services space offering a spectrum of business services, which are broadly classified into the two following segments which are IFM & Other Services Segment and BSS Segment.

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