Virinchi (NSE:VIRINCHI) Receivables Turnover : 1.13 (As of Dec. 2024)

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What is Virinchi 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. Virinchi's Revenue for the three months ended in Dec. 2024 was ₹824 Mil. Virinchi's average Accounts Receivable for the three months ended in Dec. 2024 was ₹730 Mil. Hence, Virinchi's Receivables Turnover for the three months ended in Dec. 2024 was 1.13.

Virinchi Receivables Turnover Historical Data

The historical data trend for Virinchi'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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Virinchi Receivables Turnover Chart

Virinchi Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.97

4.58

4.50

3.58

3.41

Virinchi Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.87	0.19	1.02	1.02	1.13

Competitive Comparison of Virinchi's Receivables Turnover

For the Software - Application subindustry, Virinchi'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.

Virinchi's Receivables Turnover Distribution in the Software Industry

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

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

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Virinchi Receivables Turnover Calculation

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

Virinchi'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 )
=	2391.333	/ (	(661.81	+	740.433)	/	2 )
=	2391.333	/	701.1215
=	3.41

Virinchi's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	824.031	/ (	(730.474	+	0)	/	1 )
=	824.031	/	730.474
=	1.13

Virinchi (NSE:VIRINCHI) 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.

Virinchi Receivables Turnover Related Terms

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Virinchi Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Virinchi Ltd (NSE:VIRINCHI) » Definitions » Receivables Turnover

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532372:India

Address

Road No. 1, 8-2-672 / 5 & 6, 4th Floor, IIyas Mohammed Khan Estate, Banjara Hills, Hyderabad, TG, IND, 500034

Website

https://www.virinchi.com

Virinchi Ltd is an Indian information technology (IT) products and services company engaged in software development and research. The firm's segments include the development of Computer Software and Services and IT Enabled Services. The company's products and solutions include QFund, vCard, V23, KSoft, Virinchi Hospitals chain, and Bristlecone Hospitals. The company generates key revenue from SAAS Business.

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