Reliable Data Services (NSE:RELIABLE) Receivables Turnover : 0.44 (As of Dec. 2024)

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What is Reliable Data 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. Reliable Data Services's Revenue for the three months ended in Dec. 2024 was ₹334 Mil. Reliable Data Services's average Accounts Receivable for the three months ended in Dec. 2024 was ₹757 Mil. Hence, Reliable Data Services's Receivables Turnover for the three months ended in Dec. 2024 was 0.44.

Reliable Data Services Receivables Turnover Historical Data

The historical data trend for Reliable Data 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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Reliable Data Services Receivables Turnover Chart

Reliable Data Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.44

2.25

2.04

2.42

1.84

Reliable Data Services Quarterly Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.43	0.68	0.39	0.31	0.44

Competitive Comparison of Reliable Data Services's Receivables Turnover

For the Information Technology Services subindustry, Reliable Data 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.

Reliable Data Services's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Reliable Data Services's Receivables Turnover falls into.

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Reliable Data Services Receivables Turnover Calculation

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

Reliable Data 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 )
=	793.79	/ (	(343.657	+	520.603)	/	2 )
=	793.79	/	432.13
=	1.84

Reliable Data Services's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	334.074	/ (	(757.192	+	0)	/	1 )
=	334.074	/	757.192
=	0.44

Reliable Data Services (NSE:RELIABLE) 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.

Reliable Data Services Receivables Turnover Related Terms

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Reliable Data Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Reliable Data Services Ltd (NSE:RELIABLE) » Definitions » Receivables Turnover

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544207:India

Address

C-70, Sector - 2, Noida, UP, IND, 201301

Website

https://www.rdspl.com

Reliable Data Services Ltd is an India-based company that provides IT and IT-enabled services to various banking, financial services, and other manufacturing industries in the field of back-office processing, front office follow-ups, and management services. The business segments comprises of which are Banking, Financial Services and Insurance and Non-Banking, Financial Services and Insurance. The Banking, Financial Services and Insurance segment derives majority of its revenue for the company. The company provides transaction processing services and payroll services as well.

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