Awfis Space Solutions (NSE:AWFIS) Receivables Turnover : 3.47 (As of Sep. 2024)

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What is Awfis Space 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. Awfis Space Solutions's Revenue for the three months ended in Sep. 2024 was ₹2,924 Mil. Awfis Space Solutions's average Accounts Receivable for the three months ended in Sep. 2024 was ₹843 Mil. Hence, Awfis Space Solutions's Receivables Turnover for the three months ended in Sep. 2024 was 3.47.

Awfis Space Solutions Receivables Turnover Historical Data

The historical data trend for Awfis Space 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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Awfis Space Solutions Receivables Turnover Chart

Awfis Space Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

11.59

11.15

13.77

Awfis Space Solutions Quarterly Data
	Mar21	Mar22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			2.89	2.55	2.42	2.83	3.47

Competitive Comparison of Awfis Space Solutions's Receivables Turnover

For the Rental & Leasing Services subindustry, Awfis Space 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.

Awfis Space Solutions's Receivables Turnover Distribution in the Business Services Industry

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

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

Awfis Space Solutions Receivables Turnover Calculation

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

Awfis Space Solutions'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 )
=	5452.82	/ (	(307.17	+	484.79)	/	2 )
=	5452.82	/	395.98
=	13.77

Awfis Space Solutions'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: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	2923.84	/ (	(0	+	843.33)	/	1 )
=	2923.84	/	843.33
=	3.47

Awfis Space Solutions (NSE:AWFIS) 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.

Awfis Space Solutions Receivables Turnover Related Terms

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Awfis Space Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Awfis Space Solutions Ltd (NSE:AWFIS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

544181:India

Address

Qutab Institutional Area, C-28-29, Kissan Bhawan, New Delhi, IND, 110016

Website

https://www.awfis.com

Awfis Space Solutions Ltd is a flexible workspace solutions company with a presence in various cities in India. It provides a wide spectrum of flexible workspace solutions ranging from individual flexible desk needs to customized office spaces for start-ups, small and medium enterprises (SMEs) as well as for large corporates and multi-national corporations. It also provides integrated facility management services and enterprise workspace designing and building services. The group is organized into several business segments: Providing co-working space on rent and allied services, Facility management services, Construction and fit-out services, and Other services. Key revenue is generated from Co-working space on rent and allied services.

Awfis Space Solutions Headlines

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