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SecureKloud Technologies (NSE:SECURKLOUD) Receivables Turnover : 1.82 (As of Mar. 2024)


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What is SecureKloud Technologies 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. SecureKloud Technologies's Revenue for the three months ended in Mar. 2024 was ₹597 Mil. SecureKloud Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was ₹328 Mil. Hence, SecureKloud Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 1.82.


SecureKloud Technologies Receivables Turnover Historical Data

The historical data trend for SecureKloud Technologies'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.

* Premium members only.

SecureKloud Technologies Receivables Turnover Chart

SecureKloud Technologies Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.65 6.63 6.22 6.88 6.85

SecureKloud Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.60 1.49 1.75 1.64 1.82

Competitive Comparison of SecureKloud Technologies's Receivables Turnover

For the Software - Application subindustry, SecureKloud Technologies'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.


SecureKloud Technologies's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where SecureKloud Technologies's Receivables Turnover falls into.



SecureKloud Technologies Receivables Turnover Calculation

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

SecureKloud Technologies'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 )
=3403.158 / ((665.252 + 328.273) / 2 )
=3403.158 / 496.7625
=6.85

SecureKloud Technologies'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: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=596.732 / ((0 + 328.273) / 1 )
=596.732 / 328.273
=1.82

* 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.


SecureKloud Technologies  (NSE:SECURKLOUD) 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.


SecureKloud Technologies Receivables Turnover Related Terms

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SecureKloud Technologies (NSE:SECURKLOUD) Business Description

Traded in Other Exchanges
Address
Venkat Narayana Road, No. 37 and 38, ASV Ramana Towers, 5th Floor, T. Nagar, Chennai, TN, IND, 600 017
SecureKloud Technologies Ltd is a cloud-native company with a combination of products, frameworks, and services, designed to solve problems around Blockchain, Cloud, Enterprise Security, Decision Engineering, and Managed Services. The company provides Cloud Expertise Spans Security, Automation, and Analytics and has partnerships with Amazon Web Services, Microsoft Azure, IBM, Google Cloud Platform, and VMWare. Geographically, it derives a majority of its revenue from India.

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