Drone Destination (NSE:DRONE) Receivables Turnover : 3.56 (As of Mar. 2024)

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What is Drone Destination 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. Drone Destination's Revenue for the six months ended in Mar. 2024 was ₹318.2 Mil. Drone Destination's average Accounts Receivable for the six months ended in Mar. 2024 was ₹89.3 Mil. Hence, Drone Destination's Receivables Turnover for the six months ended in Mar. 2024 was 3.56.

Drone Destination Receivables Turnover Historical Data

The historical data trend for Drone Destination'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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Drone Destination Receivables Turnover Chart

Drone Destination Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

7.06

16.49

6.05

3.56

Drone Destination Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Receivables Turnover	7.06	16.49	6.05	3.56

Competitive Comparison of Drone Destination's Receivables Turnover

For the Education & Training Services subindustry, Drone Destination'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.

Drone Destination's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Drone Destination's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Drone Destination's Receivables Turnover falls into.

Drone Destination Receivables Turnover Calculation

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

Drone Destination'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 )
=	318.214	/ (	(37.339	+	141.351)	/	2 )
=	318.214	/	89.345
=	3.56

Drone Destination'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 )
=	318.214	/ (	(37.339	+	141.351)	/	2 )
=	318.214	/	89.345
=	3.56

Drone Destination (NSE:DRONE) 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.

Drone Destination Receivables Turnover Related Terms

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Drone Destination Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Drone Destination Ltd (NSE:DRONE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

C-13, Ground Floor, Panchsheel Enclave, Delhi, IND, 110017

Website

https://www.thedronedestination.com

Drone Destination Ltd is a DGCA-authorized Remote Pilot Training Organization that has developed an integrated drone eco-system built around drone manufacturing, certified training, services, and renting a drone. The company operates the largest network of DGCA-certified Drone Pilot Training Programs. Drone Destination currently operates nine Drone Hubs at Gurugram, Dharamshala, Chandigarh, Gwalior, Ahmedabad, Bangalore, Coimbatore, Madurai and IFFCO Phulpur.

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