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Firstsource Solutions (NSE:FSL) Receivables Turnover : 1.85 (As of Sep. 2024)


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What is Firstsource Solutions 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. Firstsource Solutions's Revenue for the three months ended in Sep. 2024 was ₹19,326 Mil. Firstsource Solutions's average Accounts Receivable for the three months ended in Sep. 2024 was ₹10,436 Mil. Hence, Firstsource Solutions's Receivables Turnover for the three months ended in Sep. 2024 was 1.85.


Firstsource Solutions Receivables Turnover Historical Data

The historical data trend for Firstsource Solutions'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.

* Premium members only.

Firstsource Solutions Receivables Turnover Chart

Firstsource Solutions Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.58 8.88 9.61 9.04 8.22

Firstsource Solutions Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.82 1.88 1.94 2.07 1.85

Competitive Comparison of Firstsource Solutions's Receivables Turnover

For the Information Technology Services subindustry, Firstsource Solutions'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.


Firstsource Solutions's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Firstsource Solutions's Receivables Turnover falls into.



Firstsource Solutions Receivables Turnover Calculation

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

Firstsource Solutions'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 )
=63325.28 / ((6800.47 + 8606.78) / 2 )
=63325.28 / 7703.625
=8.22

Firstsource Solutions'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: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=19326.12 / ((0 + 10436.27) / 1 )
=19326.12 / 10436.27
=1.85

* 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.


Firstsource Solutions  (NSE:FSL) 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.


Firstsource Solutions Receivables Turnover Related Terms

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Firstsource Solutions Business Description

Traded in Other Exchanges
Address
Mindspace, Link Road, 5th Floor, Paradigm ‘B’ Wing, Malad (West), Mumbai, MH, IND, 400 064
Firstsource Solutions Ltd is engaged in the business of providing customer management services like contact centers, transaction processing, and debt collection services. The company's business segment includes Banking and Financial Services, Healthcare, Communication, Media and Technology, and Diverse Industries. It generates maximum revenue from the Banking and Financial Services segment. Geographically, it derives a majority of its revenue from the United States of America.

Firstsource Solutions Headlines

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