Career Point (NSE:CAREERP) Receivables Turnover : 2.53 (As of Mar. 2024)

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What is Career Point 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. Career Point's Revenue for the three months ended in Mar. 2024 was ₹256 Mil. Career Point's average Accounts Receivable for the three months ended in Mar. 2024 was ₹101 Mil. Hence, Career Point's Receivables Turnover for the three months ended in Mar. 2024 was 2.53.

Career Point Receivables Turnover Historical Data

The historical data trend for Career Point'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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Career Point Receivables Turnover Chart

Career Point Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.09

1.07

1.64

4.59

8.33

Career Point Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.74	2.03	1.47	1.90	2.53

Competitive Comparison of Career Point's Receivables Turnover

For the Conglomerates subindustry, Career Point'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.

Career Point's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Career Point's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Career Point's Receivables Turnover falls into.

Career Point Receivables Turnover Calculation

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

Career Point'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 )
=	1015.824	/ (	(142.604	+	101.384)	/	2 )
=	1015.824	/	121.994
=	8.33

Career Point'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	256.465	/ (	(0	+	101.384)	/	1 )
=	256.465	/	101.384
=	2.53

Career Point (NSE:CAREERP) 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.

Career Point Receivables Turnover Related Terms

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Career Point (NSE:CAREERP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Career Point Ltd (NSE:CAREERP) » Definitions » Receivables Turnover

Comparable Companies

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533260:India

Address

Road No. 1, CP Tower 1, IPIA, Kota, RJ, IND, 324005

Website

https://www.ecareerpoint.com

Career Point Ltd is an Indian based company which provides education and hostel services. The service line of the company consists of pre-school, school education, test preparation, higher education, e-learning, and vocational education. It also provides education consultancy and management services for the administration of the school. The operating segments of the group are Education and Related Activities Division; Financing (NBFC) Division; Infra Division and Other Segment. It derives key revenue from the Financing (NBFC) Division. The Company derives the larger share of its revenue from Kota in Rajasthan and Northern part of India.

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