HRH Next Services (NSE:HRHNEXT) Receivables Turnover : 1.50 (As of Sep. 2023)

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What is HRH Next Services 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. HRH Next Services's Revenue for the six months ended in Sep. 2023 was ₹213.9 Mil. HRH Next Services's average Accounts Receivable for the six months ended in Sep. 2023 was ₹142.3 Mil. Hence, HRH Next Services's Receivables Turnover for the six months ended in Sep. 2023 was 1.50.

HRH Next Services Receivables Turnover Historical Data

The historical data trend for HRH Next Services'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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HRH Next Services Receivables Turnover Chart

HRH Next Services Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

7.67

8.89

5.40

HRH Next Services Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Receivables Turnover	-	-	-	1.50

Competitive Comparison of HRH Next Services's Receivables Turnover

For the Information Technology Services subindustry, HRH Next Services'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.

HRH Next Services's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, HRH Next Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where HRH Next Services's Receivables Turnover falls into.

HRH Next Services Receivables Turnover Calculation

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

HRH Next Services'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 )
=	511.363	/ (	(67.841	+	121.524)	/	2 )
=	511.363	/	94.6825
=	5.40

HRH Next Services's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	213.916	/ (	(121.524	+	163.136)	/	2 )
=	213.916	/	142.33
=	1.50

HRH Next Services (NSE:HRHNEXT) 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.

HRH Next Services Receivables Turnover Related Terms

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HRH Next Services (NSE:HRHNEXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » HRH Next Services Ltd (NSE:HRHNEXT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abid Road, C/o G.J. House, 2nd Floor, 4-1-976, Hyderabad, TG, IND, 500001

Website

https://www.hrhnext.com

HRH Next Services Ltd is engaged in Business Process Outsourcing (BPO) offering a comprehensive suite of Call Centre Services, covering Inbound Services, Outbound Services, Backend Support, Chat Support, Email Support and provides efficient end-to-end solutions.

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