Elnet Technologies (BOM:517477) Receivables Turnover : 2.33 (As of Mar. 2024)

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What is Elnet 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. Elnet Technologies's Revenue for the three months ended in Mar. 2024 was ₹58.9 Mil. Elnet Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was ₹25.3 Mil. Hence, Elnet Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 2.33.

Elnet Technologies Receivables Turnover Historical Data

The historical data trend for Elnet 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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Elnet Technologies Receivables Turnover Chart

Elnet Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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9.78

7.58

7.50

11.01

10.57

Elnet Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.68	2.67	2.78	-	2.33

Competitive Comparison of Elnet Technologies's Receivables Turnover

For the Real Estate - Diversified subindustry, Elnet 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.

Elnet Technologies's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Elnet Technologies's Receivables Turnover distribution charts can be found below:

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

Elnet Technologies Receivables Turnover Calculation

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

Elnet 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 )
=	261.497	/ (	(24.199	+	25.287)	/	2 )
=	261.497	/	24.743
=	10.57

Elnet Technologies'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	58.911	/ (	(0	+	25.287)	/	1 )
=	58.911	/	25.287
=	2.33

Elnet Technologies (BOM:517477) 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.

Elnet Technologies Receivables Turnover Related Terms

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Elnet Technologies (BOM:517477) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Elnet Technologies Ltd (BOM:517477) » Definitions » Receivables Turnover

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Address

Rajiv Gandhi Salai, Elnet Software City, TS 140, Block Number 2 and 9, Taramani, Chennai, TN, IND, 600 113

Website

http://www.elnettechnologies.com

Elnet Technologies Ltd is engaged in providing infrastructure to Software and Business Process Outsourcing Industries. It also provides renting of office space. The company operates in developing and managing Software Technology Park in India. In addition, the firm provides infrastructure for the information technology (IT) and IT-enabled service (ITES) industry. It operates in the segment of Developing and maintaining integrated software technology parks. Geographically, the group has a business presence in India.

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