GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Clio Infotech Ltd (BOM:530839) » Definitions » Receivables Turnover

Clio Infotech (BOM:530839) Receivables Turnover : 1.00 (As of Mar. 2024)


View and export this data going back to 2000. Start your Free Trial

What is Clio Infotech 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. Clio Infotech's Revenue for the three months ended in Mar. 2024 was ₹0.85 Mil. Clio Infotech's average Accounts Receivable for the three months ended in Mar. 2024 was ₹0.85 Mil. Hence, Clio Infotech's Receivables Turnover for the three months ended in Mar. 2024 was 1.00.


Clio Infotech Receivables Turnover Historical Data

The historical data trend for Clio Infotech'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.

* Premium members only.

Clio Infotech Receivables Turnover Chart

Clio Infotech Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 1.71

Clio Infotech Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 1.00

Competitive Comparison of Clio Infotech's Receivables Turnover

For the Credit Services subindustry, Clio Infotech'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.


Clio Infotech's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Clio Infotech's Receivables Turnover distribution charts can be found below:

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



Clio Infotech Receivables Turnover Calculation

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

Clio Infotech'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 )
=1.455 / ((0 + 0.85) / 1 )
=1.455 / 0.85
=1.71

Clio Infotech'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 )
=0.852 / ((0 + 0.85) / 1 )
=0.852 / 0.85
=1.00

* 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.


Clio Infotech  (BOM:530839) 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.


Clio Infotech Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Clio Infotech's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Clio Infotech (BOM:530839) Business Description

Traded in Other Exchanges
N/A
Address
Atlanta Center, Sonawala Road, Office No. 901/902, 9th Floor, Opposite Udyog Bhavan, Goregaon (East), Mumbai, MH, IND, 400063
Clio Infotech Ltd is engaged in the business of credit services. The company provides secured and unsecured loans. It receives maximum revenue in the form of interest income. Geographically, the company operates only in the Indian market.

Clio Infotech (BOM:530839) Headlines

No Headlines