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Synoptics Technologies (NSE:SYNOPTICS) Receivables Turnover : 4.97 (As of Mar. 2022)


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What is Synoptics 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. Synoptics Technologies's Revenue for the six months ended in Mar. 2022 was ₹509.2 Mil. Synoptics Technologies's average Accounts Receivable for the six months ended in Mar. 2022 was ₹102.4 Mil. Hence, Synoptics Technologies's Receivables Turnover for the six months ended in Mar. 2022 was 4.97.

Synoptics Technologies Receivables Turnover Historical Data

The historical data trend for Synoptics 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.

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Synoptics Technologies Receivables Turnover Chart

Synoptics Technologies Annual Data
Trend Mar20 Mar21 Mar22
Receivables Turnover
1.64 3.00 4.97

Synoptics Technologies Semi-Annual Data
Mar20 Mar21 Mar22
Receivables Turnover 1.64 3.00 4.97

Competitive Comparison of Synoptics Technologies's Receivables Turnover

For the Information Technology Services subindustry, Synoptics 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.

Synoptics Technologies's Receivables Turnover Distribution in the Software Industry

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

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


Synoptics Technologies Receivables Turnover Calculation

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

Synoptics Technologies's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

Receivables Turnover (A: Mar. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2022 ) / ((Accounts Receivable (A: Mar. 2021 ) + Accounts Receivable (A: Mar. 2022 )) / count )
=509.232 / ((96.735 + 108.052) / 2 )
=509.232 / 102.3935
=4.97

Synoptics Technologies's Receivables Turnover for the quarter that ended in Mar. 2022 is calculated as

Receivables Turnover (Q: Mar. 2022 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2022 ) / ((Accounts Receivable (Q: Mar. 2021 ) + Accounts Receivable (Q: Mar. 2022 )) / count )
=509.232 / ((96.735 + 108.052) / 2 )
=509.232 / 102.3935
=4.97

* 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.

Synoptics Technologies  (NSE:SYNOPTICS) 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.

Synoptics Technologies Receivables Turnover Related Terms

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Synoptics Technologies (NSE:SYNOPTICS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Synoptics Technologies Ltd (NSE:SYNOPTICS) » Definitions » Receivables Turnover
Comparable Companies
BOM:533056 BOM:542367 BOM:517494 NSE:VERTEXPLUS NSE:QUICKTOUCH BOM:543281 BOM:532801 NSE:AAATECH NSE:RSSOFTWARE BOM:512149 ACN NSE:TCS IBM FI NSE:INFY NSE:HCLTECH CTSH XPAR:CAP FIS CDW
Traded in Other Exchanges
N/A
Address
301, A-Wing, 3rd Floor, Interface 16, Mindspace, Malad (West), Mumbai, MH, IND, 400064
Website
https://synoptics.co.in
Synoptics Technologies Ltd is an IT Services company offering solutions in the areas of IT Infrastructure like connectivity to the Branches, Supply, implementation and support of the network equipment needed to run the IT setup like routers, switches, etc. The company designs the solution for customers who need to put their applications on Cloud. It helps with the application migration and manages the setup in the cloud. It aims to reduce the Total Cost of Ownership (TCO) and increase Return on Investment (RoI) for its customers to adopt any kind of Digital Transformation use case with its technology-led and innovation-driven approach.

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