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Systango Technologies (NSE:SYSTANGO) Receivables Turnover : 2.45 (As of Sep. 2024)


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What is Systango 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. Systango Technologies's Revenue for the six months ended in Sep. 2024 was ₹287.8 Mil. Systango Technologies's average Accounts Receivable for the six months ended in Sep. 2024 was ₹117.5 Mil. Hence, Systango Technologies's Receivables Turnover for the six months ended in Sep. 2024 was 2.45.

Systango Technologies Receivables Turnover Historical Data

The historical data trend for Systango 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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Systango Technologies Receivables Turnover Chart

Systango Technologies Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
- - 143.62 15.64 6.58

Systango Technologies Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Receivables Turnover Get a 7-Day Free Trial 23.17 7.33 5.73 4.34 2.45

Competitive Comparison of Systango Technologies's Receivables Turnover

For the Software - Infrastructure subindustry, Systango 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.

Systango Technologies's Receivables Turnover Distribution in the Software Industry

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

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


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Systango Technologies Receivables Turnover Calculation

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

Systango 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 )
=565.721 / ((64.655 + 107.424) / 2 )
=565.721 / 86.0395
=6.58

Systango Technologies's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=287.831 / ((107.424 + 127.489) / 2 )
=287.831 / 117.4565
=2.45

* 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.

Systango Technologies  (NSE:SYSTANGO) 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.

Systango Technologies Receivables Turnover Related Terms

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Systango Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Systango Technologies Ltd (NSE:SYSTANGO) » Definitions » Receivables Turnover
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BOM:532326 BOM:530175 BOM:544189 BOM:543451 NSE:TRIDHYA BOM:532402 BOM:544393 BOM:544052 NSE:GSTL NSE:VIVO MSFT ORCL PLTR PANW CRWD FTNT SNPS XAMS:ADYEN NET XYZ
Traded in Other Exchanges
N/A
Address
Ring Road, 3rd Floor (LHS), STP-I Crystal IT Park, Indore, MP, IND, 452010
Website
https://www.systango.com
Systango Technologies Ltd is engaged in the business of providing software solutions to design, implement, and manage their own Customized Digital Platforms including Web2, Web3, and Mobile applications, with an emphasis on data and analytics. The range of software solutions provided by the company is wide and includes website development, mobile app development for both IOS and Android applications, web3 development, decentralized finance, data engineering, implementation of blockchain, cloud computing, and digital marketing. Systango offers its services across various sectors like Hospitality, Property Tech, Financial Services, Fantasy Sports and many others.

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