TBO Tek (BOM:544174) Receivables Turnover : 0.11 (As of Dec. 2024)

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What is TBO Tek 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. TBO Tek's Revenue for the three months ended in Dec. 2024 was ₹4,222 Mil. TBO Tek's average Accounts Receivable for the three months ended in Dec. 2024 was ₹37,703 Mil. Hence, TBO Tek's Receivables Turnover for the three months ended in Dec. 2024 was 0.11.

TBO Tek Receivables Turnover Historical Data

The historical data trend for TBO Tek'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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TBO Tek Receivables Turnover Chart

TBO Tek Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

1.08

1.41

1.00

0.55

TBO Tek Quarterly Data
	Mar21	Mar22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial					0.13	0.09	0.13	0.12	0.11

Competitive Comparison of TBO Tek's Receivables Turnover

For the Travel Services subindustry, TBO Tek'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.

TBO Tek's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, TBO Tek's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TBO Tek's Receivables Turnover falls into.

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TBO Tek Receivables Turnover Calculation

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

TBO Tek'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 )
=	12809.09	/ (	(14657.19	+	31540.75)	/	2 )
=	12809.09	/	23098.97
=	0.55

TBO Tek'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 )
=	4221.88	/ (	(37703.01	+	0)	/	1 )
=	4221.88	/	37703.01
=	0.11

TBO Tek (BOM:544174) 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.

TBO Tek Receivables Turnover Related Terms

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TBO Tek Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TBO Tek Ltd (BOM:544174) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TBOTEK:India

Address

Udyog Vihar Phase- V, Plot No. 728, Gurgaon, HR, IND, 122016

Website

https://www.tbo.com

TBO Tek Ltd is a travel distribution platform. It is engaged in the business of operating an online technology platform (TBO Portal) providing its customers access to book global travel inventory aggregated through travel suppliers like airlines, hotels, cruises, car rentals, transfers, and rail services among others. Its customers include retail and API buyers such as travel agencies, independent travel advisors, and enterprise buyers including tour operators, travel management companies, online travel companies, super-apps, and loyalty apps. The company's business activities fall within two primary business segments; Air ticketing which generates maximum revenue, and Hotels and packages. Geographically, it derives maximum revenue from India and also has its presence outside India.

TBO Tek Headlines

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