ROX Hi-Tech (NSE:ROXHITECH) Receivables Turnover : 7.57 (As of Mar. 2023)

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What is ROX Hi-Tech 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. ROX Hi-Tech's Revenue for the six months ended in Mar. 2023 was ₹1,333 Mil. ROX Hi-Tech's average Accounts Receivable for the six months ended in Mar. 2023 was ₹176 Mil. Hence, ROX Hi-Tech's Receivables Turnover for the six months ended in Mar. 2023 was 7.57.

ROX Hi-Tech Receivables Turnover Historical Data

The historical data trend for ROX Hi-Tech'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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ROX Hi-Tech Receivables Turnover Chart

ROX Hi-Tech Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

3.83

6.14

7.57

ROX Hi-Tech Semi-Annual Data
	Mar21	Mar22	Mar23
Receivables Turnover	3.83	6.14	7.57

Competitive Comparison of ROX Hi-Tech's Receivables Turnover

For the Information Technology Services subindustry, ROX Hi-Tech'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.

ROX Hi-Tech's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, ROX Hi-Tech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ROX Hi-Tech's Receivables Turnover falls into.

ROX Hi-Tech Receivables Turnover Calculation

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

ROX Hi-Tech'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 )
=	1333.279	/ (	(167.716	+	184.352)	/	2 )
=	1333.279	/	176.034
=	7.57

ROX Hi-Tech's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	1333.279	/ (	(167.716	+	184.352)	/	2 )
=	1333.279	/	176.034
=	7.57

ROX Hi-Tech (NSE:ROXHITECH) 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.

ROX Hi-Tech Receivables Turnover Related Terms

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ROX Hi-Tech (NSE:ROXHITECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ROX Hi-Tech Ltd (NSE:ROXHITECH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Mahalingapuram Main Road, Old No.101B, New No.160, 1st & 3rd Floor, Nungambakkam, Chennai, TN, IND, 600034

Website

https://www.rox.co.in

ROX Hi-Tech Ltd is a customer-centric IT solutions provider committed to excellence. It offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services. The company is India's leading end-to-end IT solution provider.

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