Cigniti Technologies (NSE:CIGNITITEC) Receivables Turnover : 1.30 (As of Mar. 2025)

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What is Cigniti 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. Cigniti Technologies's Revenue for the three months ended in Mar. 2025 was ₹5,303 Mil. Cigniti Technologies's average Accounts Receivable for the three months ended in Mar. 2025 was ₹4,089 Mil. Hence, Cigniti Technologies's Receivables Turnover for the three months ended in Mar. 2025 was 1.30.

Cigniti Technologies Receivables Turnover Historical Data

The historical data trend for Cigniti 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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Cigniti Technologies Receivables Turnover Chart

Cigniti Technologies Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Receivables Turnover

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5.57

6.46

6.84

6.33

5.54

Cigniti Technologies Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															1.43	1.58	1.74	1.73	1.30

Competitive Comparison of Cigniti Technologies's Receivables Turnover

For the Information Technology Services subindustry, Cigniti 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.

Cigniti Technologies's Receivables Turnover Distribution in the Software Industry

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

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

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Cigniti Technologies Receivables Turnover Calculation

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

Cigniti Technologies's Receivables Turnover for the fiscal year that ended in Mar. 2025 is calculated as

	Receivables Turnover (A: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2025 )	/ (	(Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Mar. 2025 ))	/	count )
=	20143.409	/ (	(3186.365	+	4088.624)	/	2 )
=	20143.409	/	3637.4945
=	5.54

Cigniti Technologies's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	5302.771	/ (	(0	+	4088.624)	/	1 )
=	5302.771	/	4088.624
=	1.30

Cigniti Technologies (NSE:CIGNITITEC) 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.

Cigniti Technologies Receivables Turnover Related Terms

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Cigniti Technologies Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Cigniti Technologies Ltd (NSE:CIGNITITEC) » Definitions » Receivables Turnover

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534758:India

Address

MGR Estates, Dwarakapuri Colony, Suite No. 106 and 107, 6-3-456/C, Panjagutta, Hyderabad, TG, IND, 500082

Website

https://www.cigniti.com

Cigniti Technologies Ltd is an India-based company engaged in Independent Software Testing Services. Its test offerings include Quality Engineering, Advisory and Transformation, Next Generation Testing, and Core Testing. The Company has only one reportable business segment, which is rendering of Digital Assurance and Engineering (Software testing) Services. The company's services include Agile testing, DevOps QA, Service Virtualization, Test Data Management, mobile testing, digital QA, Big Data and analytics testing, e-commerce testing, energy and utilities, medical device testing and game testing. It also provides functional testing, test automation, performance testing, security testing, enterprise resource planning (ERP) testing, regression testing, and globalization testing.

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