Diensten Tech (NSE:DTL) Receivables Turnover : 2.48 (As of Sep. 2024)

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What is Diensten Tech 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. Diensten Tech's Revenue for the six months ended in Sep. 2024 was ₹302.9 Mil. Diensten Tech's average Accounts Receivable for the six months ended in Sep. 2024 was ₹121.9 Mil. Hence, Diensten Tech's Receivables Turnover for the six months ended in Sep. 2024 was 2.48.

Diensten Tech Receivables Turnover Historical Data

The historical data trend for Diensten Tech'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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Diensten Tech Receivables Turnover Chart

Diensten Tech Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

5.46

0.93

12.63

Diensten Tech Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Receivables Turnover	-	-	-	2.48	2.48

Competitive Comparison of Diensten Tech's Receivables Turnover

For the Information Technology Services subindustry, Diensten Tech'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.

Diensten Tech's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Diensten Tech's Receivables Turnover falls into.

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Diensten Tech Receivables Turnover Calculation

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

Diensten Tech'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 )
=	375.268	/ (	(6.048	+	53.363)	/	2 )
=	375.268	/	29.7055
=	12.63

Diensten Tech's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	302.914	/ (	(0	+	121.905)	/	1 )
=	302.914	/	121.905
=	2.48

Diensten Tech (NSE:DTL) 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.

Diensten Tech Receivables Turnover Related Terms

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Diensten Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Diensten Tech Ltd (NSE:DTL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

F3, Sector-3, Noida, UP, IND, 201302

Website

https://www.dienstentech.com

Diensten Tech Ltd the business of Information Technology ('IT') professional resourcing, IT Consultancy, IT Training and Software AMC. It connect clients to individuals with a specific IT skill set, manage capacity across a team, or deliver in-house technology experts to take client project to full delivery. Diensten is providing technical consultancy, training, software services and other services to large corporates of the country, multinational companies, small and medium enterprises of diversified sectors.

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