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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. HCL Technologies's Revenue for the
three
months ended in Jun. 2026 was ₹345,790 Mil. HCL Technologies's average Accounts Receivable for the
three
months ended in Jun. 2026 was ₹235,850 Mil.
Hence, HCL Technologies's Receivables Turnover for the
three
months ended in Jun. 2026 was 1.47.
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.
HCL Technologies Receivables Turnover Related Terms
HCL Technologies Receivables Turnover Historical Data
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The historical data trend for HCL Technologies'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.
NSE:HCLTECH vs IBM, ACN, FISV: Receivables Turnover Comparison
For the Information Technology Services subindustry, HCL Technologies'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.
HCL Technologies Receivables Turnover vs Software Industry
For the Software industry and Technology sector, HCL Technologies's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where HCL Technologies'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.
HCL Technologies (NSE:HCLTECH) has a Receivables Turnover of 1.47 as of Jun. 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 HCL Technologies and its competitors. According to the industry distribution chart, HCL Technologies ranks #1223 out of 2784 companies in the Software industry, placing it in the top 43.9%.
Is HCL Technologies' Receivables Turnover too high?
HCL Technologies' current Receivables Turnover is 1.47. The Software industry median Receivables Turnover is 5.78. HCL Technologies' value of 1.47 is 74.5% below this industry median. Based on the distribution chart, HCL Technologies ranks #1223 out of 2784 companies in the Software industry, which is above the industry midpoint. Overall, HCL Technologies has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HCL Technologies' Receivables Turnover compare to IBM and ACN?
According to the Software industry distribution chart, HCL Technologies ranks #1223 out of 2784 companies for Receivables Turnover. This puts HCL Technologies in the upper half of its industry. The industry median Receivables Turnover is 5.78. HCL Technologies' value of 1.47 is 74.5% 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 5.78, based on 2,784 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. HCL Technologies's current Receivables Turnover of 1.47 is 74.5% 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 HCL Technologies and its competitors. For the Software industry, the median Receivables Turnover is 5.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HCL Technologies's current Receivables Turnover is 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HCL Technologies stock overvalued right now?
Based on GuruFocus' analysis, HCL Technologies (NSE:HCLTECH) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,814.41, compared to a current price of ₹1,346.90 — trading 25.8% below its estimated fair value. The current Receivables Turnover is 1.47 and 74.5% below the Software industry median of 5.78. HCL Technologies' overall GF Score™ is 83/100 with 3 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 HCL Technologies (NSE:HCLTECH), the current Receivables Turnover is 1.47 as of Jun. 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 HCL Technologies (NSE:HCLTECH) Overvalued in 2026?
Based on GuruFocus' analysis, HCL Technologies stock appears to be undervalued.
The current stock price of ₹1,346.90 is trading 25.8% below its estimated GF Value™ of ₹1,814.41.
GuruFocus considers HCL Technologies to be Modestly Undervalued.
Key valuation signals for NSE:HCLTECH:
Receivables Turnover: 1.47
GF Value™: ₹1,814.41 vs. price of ₹1,346.90 (25.8% below fair value)
Industry Position: 74.5% below the Software median (#1223 of 2784)
No single metric tells the full story. See the NSE:HCLTECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HCL Technologies Ltd provides enterprises with IT solutions. It focuses on offering Digital, Internet of Things, Cloud, Automation, Cybersecurity, Infrastructure Management, and Engineering services to solve business problems for clients. It offers solutions to a variety of industries, including Financial Services, Public Services, Consumer Services, Healthcare, and Manufacturing. It operates in three segments: IT and Business Services, Engineering and R&D Services, and HCL Software. The firm emphasizes consultation services for firms, intending to offer them digital and design solutions. The majority of the firm's revenue comes from the IT and Business Services segment. Geographically, it derives maximum revenue from the USA, and the rest from Europe, India, and the Rest of the world.
83GF Score
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Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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