Plada Infotech Services (NSE:PLADAINFO) Receivables Turnover : 9.32 (As of Mar. 2024)

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What is Plada Infotech 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. Plada Infotech Services's Revenue for the six months ended in Mar. 2024 was ₹633.9 Mil. Plada Infotech Services's average Accounts Receivable for the six months ended in Mar. 2024 was ₹68.0 Mil. Hence, Plada Infotech Services's Receivables Turnover for the six months ended in Mar. 2024 was 9.32.

Plada Infotech Services Receivables Turnover Historical Data

The historical data trend for Plada Infotech 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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Plada Infotech Services Receivables Turnover Chart

Plada Infotech Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

9.95

11.10

13.98

9.32

Plada Infotech Services Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Receivables Turnover	9.95	11.10	13.98	9.32

Competitive Comparison of Plada Infotech Services's Receivables Turnover

For the Specialty Business Services subindustry, Plada Infotech 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.

Plada Infotech Services's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Plada Infotech Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Plada Infotech Services's Receivables Turnover falls into.

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Plada Infotech Services Receivables Turnover Calculation

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

Plada Infotech Services'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 )
=	633.914	/ (	(45.841	+	90.217)	/	2 )
=	633.914	/	68.029
=	9.32

Plada Infotech Services'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: Mar. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	633.914	/ (	(45.841	+	90.217)	/	2 )
=	633.914	/	68.029
=	9.32

Plada Infotech Services (NSE:PLADAINFO) 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.

Plada Infotech Services Receivables Turnover Related Terms

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Plada Infotech Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Plada Infotech Services Ltd (NSE:PLADAINFO) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Off. Old Nagardas Road, Mograpada, Mogra Village, Santosh A. Mishra Compound, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.pladainfotech.com

Plada Infotech Services Ltd is a company specializing in delivering comprehensive Business Process Outsourcing services tailored to their client's specific needs. The company focuses on providing end-to-end solutions to its clients. The company provides a wide range of services ranging from recruitment & payroll management, merchant acquisition, field support, software solutions, e-commerce, business correspondence, seller onboarding, account management, and other services to clients.

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