Indian Railway Catering And Tourism (NSE:IRCTC) Receivables Turnover : 0.85 (As of Dec. 2023)

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What is Indian Railway Catering And Tourism 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. Indian Railway Catering And Tourism's Revenue for the three months ended in Dec. 2023 was ₹11,183 Mil. Indian Railway Catering And Tourism's average Accounts Receivable for the three months ended in Dec. 2023 was ₹13,111 Mil. Hence, Indian Railway Catering And Tourism's Receivables Turnover for the three months ended in Dec. 2023 was 0.85.

Indian Railway Catering And Tourism Receivables Turnover Historical Data

The historical data trend for Indian Railway Catering And Tourism'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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Indian Railway Catering And Tourism Receivables Turnover Chart

Indian Railway Catering And Tourism Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.28

3.32

1.20

3.44

4.13

Indian Railway Catering And Tourism Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.14	0.84	0.88	0.76	0.85

Competitive Comparison of Indian Railway Catering And Tourism's Receivables Turnover

For the Railroads subindustry, Indian Railway Catering And Tourism'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.

Indian Railway Catering And Tourism's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Indian Railway Catering And Tourism's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Indian Railway Catering And Tourism's Receivables Turnover falls into.

Indian Railway Catering And Tourism Receivables Turnover Calculation

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

Indian Railway Catering And Tourism's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	35407.641	/ (	(5715.197	+	11429.14)	/	2 )
=	35407.641	/	8572.1685
=	4.13

Indian Railway Catering And Tourism's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	11183.022	/ (	(13111.134	+	0)	/	1 )
=	11183.022	/	13111.134
=	0.85

Indian Railway Catering And Tourism (NSE:IRCTC) 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.

Indian Railway Catering And Tourism Receivables Turnover Related Terms

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Indian Railway Catering And Tourism (NSE:IRCTC) Business Description

Industry

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542830:India

Address

Barakhamba Road, B-148, 11th Floor, Statesman House, New Delhi, IND, 110001

Website

https://www.irctc.com

Indian Railway Catering And Tourism Corp Ltd is engaged in catering and hospitality services at stations, on trains, and other locations and to promote domestic and international tourism through the development of budget hotels, special tour packages, information and commercial publicity, and global reservation systems. The company's core services include Catering and Hospitality, Internet Ticketing, Travel and Tourism, and Packaged Drinking Water. A vast majority of its revenues are derived from the Catering business.

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