Chetana Education (NSE:CHETANA) Receivables Turnover : 1.96 (As of Mar. 2024)

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What is Chetana Education 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. Chetana Education's Revenue for the six months ended in Mar. 2024 was ₹935.1 Mil. Chetana Education's average Accounts Receivable for the six months ended in Mar. 2024 was ₹477.1 Mil. Hence, Chetana Education's Receivables Turnover for the six months ended in Mar. 2024 was 1.96.

Chetana Education Receivables Turnover Historical Data

The historical data trend for Chetana Education'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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Chetana Education Receivables Turnover Chart

Chetana Education Annual Data

Trend

Mar22

Mar23

Mar24

Receivables Turnover

1.22

1.93

1.96

Chetana Education Semi-Annual Data
	Mar22	Mar23	Mar24
Receivables Turnover	1.22	1.93	1.96

Competitive Comparison of Chetana Education's Receivables Turnover

For the Publishing subindustry, Chetana Education'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.

Chetana Education's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Chetana Education's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chetana Education's Receivables Turnover falls into.

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Chetana Education Receivables Turnover Calculation

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

Chetana Education'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 )
=	935.055	/ (	(428.566	+	525.691)	/	2 )
=	935.055	/	477.1285
=	1.96

Chetana Education'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: Mar. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	935.055	/ (	(428.566	+	525.691)	/	2 )
=	935.055	/	477.1285
=	1.96

Chetana Education (NSE:CHETANA) 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.

Chetana Education Receivables Turnover Related Terms

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Chetana Education Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Chetana Education Ltd (NSE:CHETANA) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Delisle Road, 401, E-Wing, B & C Block, Trade Link, Kamala Mill, Mumbai, MH, IND, 400013

Website

https://www.chetanaeducation.com

Chetana Education Ltd is a content-based company, engaged in educational book publishing for the CBSE/State Board curriculum catering to the K-12 segment. It provide access to educational software for learning videos (for teachers and Students) accessible through QR (Quick Response) codes. The company is focus on serving the Maharashtra State Board and Central Board of Secondary Education (CBSE), covering the spectrum of education books from early pre-primary learning to K12 course.

Chetana Education Headlines

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