Destiny Logistics & Infra (NSE:DESTINY) Receivables Turnover : 2.73 (As of Mar. 2023)

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What is Destiny Logistics & Infra 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. Destiny Logistics & Infra's Revenue for the six months ended in Mar. 2023 was ₹567.2 Mil. Destiny Logistics & Infra's average Accounts Receivable for the six months ended in Mar. 2023 was ₹208.1 Mil. Hence, Destiny Logistics & Infra's Receivables Turnover for the six months ended in Mar. 2023 was 2.73.

Destiny Logistics & Infra Receivables Turnover Historical Data

The historical data trend for Destiny Logistics & Infra'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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Destiny Logistics & Infra Receivables Turnover Chart

Destiny Logistics & Infra Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

3.85

3.97

3.84

3.28

2.73

Destiny Logistics & Infra Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Mar23
Receivables Turnover	3.85	3.97	3.84	3.28	2.73

Competitive Comparison of Destiny Logistics & Infra's Receivables Turnover

For the Trucking subindustry, Destiny Logistics & Infra'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.

Destiny Logistics & Infra's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Destiny Logistics & Infra's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Destiny Logistics & Infra's Receivables Turnover falls into.

Destiny Logistics & Infra Receivables Turnover Calculation

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

Destiny Logistics & Infra'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 )
=	567.201	/ (	(175.561	+	240.677)	/	2 )
=	567.201	/	208.119
=	2.73

Destiny Logistics & Infra's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	567.201	/ (	(175.561	+	240.677)	/	2 )
=	567.201	/	208.119
=	2.73

Destiny Logistics & Infra (NSE:DESTINY) 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.

Destiny Logistics & Infra Receivables Turnover Related Terms

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Destiny Logistics & Infra (NSE:DESTINY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Destiny Logistics & Infra Ltd (NSE:DESTINY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

ECO Centre, Block - EM-4 Sector- V, Unit No. 708, 7th Floor, Salt Lake, Kolkata, WB, IND, 700091

Website

https://www.destinyinfra.in

Destiny Logistics & Infra Ltd provide logistics, manpower and infrastructural services. It offers land-based transportation through third-party service providers. It provides a wide range of services such as packaging, loading, transportation, unloading, and unpacking of items to offer end-to-end solutions. The company's operations are concentrated in the domestic market, particularly, in the state of West Bengal. The company operates in Transport and Construction services, out of which the majority is from the Construction services.

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