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Vinsys IT Services India (NSE:VINSYS) Receivables Turnover : 2.08 (As of Mar. 2024)


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What is Vinsys IT Services India 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. Vinsys IT Services India's Revenue for the six months ended in Mar. 2024 was ₹913 Mil. Vinsys IT Services India's average Accounts Receivable for the six months ended in Mar. 2024 was ₹438 Mil. Hence, Vinsys IT Services India's Receivables Turnover for the six months ended in Mar. 2024 was 2.08.

Vinsys IT Services India Receivables Turnover Historical Data

The historical data trend for Vinsys IT Services India'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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Vinsys IT Services India Receivables Turnover Chart

Vinsys IT Services India Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Receivables Turnover
2.60 3.49 5.61 5.10

Vinsys IT Services India Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Receivables Turnover Get a 7-Day Free Trial - 3.28 2.60 2.35 2.08

Competitive Comparison of Vinsys IT Services India's Receivables Turnover

For the Education & Training Services subindustry, Vinsys IT Services India'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.

Vinsys IT Services India's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Vinsys IT Services India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vinsys IT Services India's Receivables Turnover falls into.


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Vinsys IT Services India Receivables Turnover Calculation

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

Vinsys IT Services India'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 )
=1704.938 / ((233.759 + 434.703) / 2 )
=1704.938 / 334.231
=5.10

Vinsys IT Services India'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: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=912.551 / ((441.403 + 434.703) / 2 )
=912.551 / 438.053
=2.08

* 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.

Vinsys IT Services India  (NSE:VINSYS) 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.

Vinsys IT Services India Receivables Turnover Related Terms

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Vinsys IT Services India Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Vinsys IT Services India Ltd (NSE:VINSYS) » Definitions » Receivables Turnover
Comparable Companies
BOM:539761 BOM:540403 BOM:543443 NSE:DRONE NSE:GLOBAL BOM:540062 NSE:LAWSIKHO BOM:533287 BOM:532475 NSE:ARIHANTACA EDU LRN TAL LOPE GHC ATGE LAUR SZSE:002607 HKSE:09636 SZSE:300364
Traded in Other Exchanges
N/A
Address
S. No. 28/11- 12, Shivaji Niketan, C.T.S. No. 458A, Tejas Housing Society, Near Mantri Park Behind Kothrud Bus Stand, Kothrud, Pune, MH, IND, 411038
Website
https://www.vinsys.com
Vinsys IT Services India Ltd is engaged in the IT business. The core competencies of the company include Training and Certifications, Digital Learning, IT Services, Business Academy, and technology training. The company is dedicated to becoming an accredited training service provider to meet the growing demand for training and workforce development. The company specializes in corporate training and consulting across a broad range of domains. The company caters to professionals across all industries and domains and offers assistance to organizations in formulating their learning and development strategies.

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