Finelistings Technologies (BOM:544173) Receivables Turnover : 6.42 (As of Sep. 2024)

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What is Finelistings Technologies 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. Finelistings Technologies's Revenue for the six months ended in Sep. 2024 was ₹118.1 Mil. Finelistings Technologies's average Accounts Receivable for the six months ended in Sep. 2024 was ₹18.4 Mil. Hence, Finelistings Technologies's Receivables Turnover for the six months ended in Sep. 2024 was 6.42.

Finelistings Technologies Receivables Turnover Historical Data

The historical data trend for Finelistings Technologies'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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Finelistings Technologies Receivables Turnover Chart

Finelistings Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

14.76

3.61

Finelistings Technologies Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Receivables Turnover	-	-	-	1.10	6.42

Competitive Comparison of Finelistings Technologies's Receivables Turnover

For the Software - Application subindustry, Finelistings Technologies'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.

Finelistings Technologies's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Finelistings Technologies's Receivables Turnover falls into.

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Finelistings Technologies Receivables Turnover Calculation

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

Finelistings Technologies's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	138.875	/ (	(4.703	+	72.136)	/	2 )
=	138.875	/	38.4195
=	3.61

Finelistings Technologies'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: Sep. 2023 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	118.139	/ (	(0	+	18.409)	/	1 )
=	118.139	/	18.409
=	6.42

Finelistings Technologies (BOM:544173) 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.

Finelistings Technologies Receivables Turnover Related Terms

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Finelistings Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Finelistings Technologies Ltd (BOM:544173) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nelson Mandela Road, G-07, Ground Floor, Ambience Mall, ll, Nelson Mandela Road, Vasant Kunj, South West Delhi, New Delhi, IND, 110070

Website

https://www.finecars.co.in

Finelistings Technologies Ltd is engaged in the business for listing of Sale of used Luxury Car and Lite Motor Car. It provides platform to users to list their pre-owned cars to sell as well as company is engaging in the business of IT software and website development & maintenance, IT Consultancy & Support Services.

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