Kody Technolab (NSE:KODYTECH) Receivables Turnover : 1.33 (As of Mar. 2024)

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What is Kody Technolab 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. Kody Technolab's Revenue for the six months ended in Mar. 2024 was ₹166.8 Mil. Kody Technolab's average Accounts Receivable for the six months ended in Mar. 2024 was ₹125.1 Mil. Hence, Kody Technolab's Receivables Turnover for the six months ended in Mar. 2024 was 1.33.

Kody Technolab Receivables Turnover Historical Data

The historical data trend for Kody Technolab'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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Kody Technolab Receivables Turnover Chart

Kody Technolab Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

3.53

3.17

2.65

1.91

Kody Technolab Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			-	0.91	1.44	0.79	1.33

Competitive Comparison of Kody Technolab's Receivables Turnover

For the Information Technology Services subindustry, Kody Technolab'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.

Kody Technolab's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Kody Technolab's Receivables Turnover falls into.

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Kody Technolab Receivables Turnover Calculation

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

Kody Technolab'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 )
=	224.57	/ (	(65.404	+	169.833)	/	2 )
=	224.57	/	117.6185
=	1.91

Kody Technolab'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	166.847	/ (	(80.397	+	169.833)	/	2 )
=	166.847	/	125.115
=	1.33

Kody Technolab (NSE:KODYTECH) 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.

Kody Technolab Receivables Turnover Related Terms

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Kody Technolab Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kody Technolab Ltd (NSE:KODYTECH) » Definitions » Receivables Turnover

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Address

2nd Floor, Block-J, Safal Monde, Near Iscon Mall, Near Rajpathclub, S.G Highway, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.kodytechnolab.com

Kody Technolab Ltd is a company in the business of software development services to a diverse set of industries. It is a full-stack development company that provides creative and cutting-edge digital solutions to clients. It specializes in helping businesses undergo Digital Transformation by leveraging the latest technologies and trends. The company offers a wide range of services that include custom development, AI Consultation & Implementation, IOT Services, and IT consulting services.

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