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. Dev Information Technology's Revenue for the
three
months ended in Mar. 2026 was ₹539 Mil. Dev Information Technology's average Accounts Receivable for the
three
months ended in Mar. 2026 was ₹910 Mil.
Hence, Dev Information Technology's Receivables Turnover for the
three
months ended in Mar. 2026 was 0.59.
Dev Information Technology (NSE:DEVIT) 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.
Dev Information Technology Receivables Turnover Related Terms
Dev Information Technology Receivables Turnover Historical Data
* 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.
Dev Information Technology Receivables Turnover Chart
NSE:DEVIT vs IBM, ACN, FISV: Receivables Turnover Comparison
For the Information Technology Services subindustry, Dev Information Technology'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.
Dev Information Technology Receivables Turnover vs Software Industry
For the Software industry and Technology sector, Dev Information Technology's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Dev Information Technology's Receivables Turnover falls into.
* 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.
Dev Information Technology (NSE:DEVIT) has a Receivables Turnover of 0.59 as of Mar. 2026. The accounts 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. View historical data on Dev Information Technology and its competitors. According to the industry distribution chart, Dev Information Technology ranks #2353 out of 2771 companies in the Software industry, placing it in the top 84.9%.
Is Dev Information Technology's Receivables Turnover too high?
Dev Information Technology's current Receivables Turnover is 0.59. The Software industry median Receivables Turnover is 5.67. Dev Information Technology's value of 0.59 is 89.6% below this industry median. Based on the distribution chart, Dev Information Technology ranks #2353 out of 2771 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Dev Information Technology has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dev Information Technology's Receivables Turnover compare to IBM and ACN?
According to the Software industry distribution chart, Dev Information Technology ranks #2353 out of 2771 companies for Receivables Turnover. This places Dev Information Technology in the lower half of its industry. The industry median Receivables Turnover is 5.67. Dev Information Technology's value of 0.59 is 89.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Software company?
The median Receivables Turnover among Software companies is 5.67, based on 2,771 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dev Information Technology's current Receivables Turnover of 0.59 is 89.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Dev Information Technology and its competitors. For the Software industry, the median Receivables Turnover is 5.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dev Information Technology's current Receivables Turnover is 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dev Information Technology stock overvalued right now?
Based on GuruFocus' analysis, Dev Information Technology (NSE:DEVIT) is currently considered Possible Value Trap. The stock's GF Value™ is ₹56.75, compared to a current price of ₹27.45 — trading 51.6% below its estimated fair value. The current Receivables Turnover is 0.59 and 89.6% below the Software industry median of 5.67. Dev Information Technology's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Dev Information Technology (NSE:DEVIT), the current Receivables Turnover is 0.59 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dev Information Technology (NSE:DEVIT) Overvalued in 2026?
Based on GuruFocus' analysis, Dev Information Technology stock appears to be undervalued.
The current stock price of ₹27.45 is trading 51.6% below its estimated GF Value™ of ₹56.75.
GuruFocus considers Dev Information Technology to be Possible Value Trap.
Key valuation signals for NSE:DEVIT:
Receivables Turnover: 0.59
GF Value™: ₹56.75 vs. price of ₹27.45 (51.6% below fair value)
Industry Position: 89.6% below the Software median (#2353 of 2771)
No single metric tells the full story. See the NSE:DEVIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dev Information Technology Ltd is engaged in providing information technology solutions and consultancy services in India. It offers advisory, architecture, implementation, and support services. The company provides various services namely enterprise applications and mobility, infrastructure management, cloud computing, digital services and licensing among others. It operates in a single segment being IT and IT enabled services.
69GF Score
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