ABM Knowledgeware (BOM:531161) Receivables Turnover : 0.59 (As of Mar. 2024)

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What is ABM Knowledgeware 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. ABM Knowledgeware's Revenue for the three months ended in Mar. 2024 was ₹265.5 Mil. ABM Knowledgeware's average Accounts Receivable for the three months ended in Mar. 2024 was ₹452.7 Mil. Hence, ABM Knowledgeware's Receivables Turnover for the three months ended in Mar. 2024 was 0.59.

ABM Knowledgeware Receivables Turnover Historical Data

The historical data trend for ABM Knowledgeware'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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ABM Knowledgeware Receivables Turnover Chart

ABM Knowledgeware Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.69

3.08

2.99

2.01

2.15

ABM Knowledgeware 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															0.48	0.52	0.52	0.47	0.59

Competitive Comparison of ABM Knowledgeware's Receivables Turnover

For the Software - Application subindustry, ABM Knowledgeware'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.

ABM Knowledgeware's Receivables Turnover Distribution in the Software Industry

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

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

ABM Knowledgeware Receivables Turnover Calculation

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

ABM Knowledgeware'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 )
=	911.5	/ (	(396.304	+	452.683)	/	2 )
=	911.5	/	424.4935
=	2.15

ABM Knowledgeware'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 )
=	265.515	/ (	(0	+	452.683)	/	1 )
=	265.515	/	452.683
=	0.59

ABM Knowledgeware (BOM:531161) 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.

ABM Knowledgeware Receivables Turnover Related Terms

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ABM Knowledgeware (BOM:531161) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ABM Knowledgeware Ltd (BOM:531161) » Definitions » Receivables Turnover

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Address

Plot Number 268, Linking Road, ABM House, Bandra (West), Mumbai, MH, IND, 400050

Website

https://www.abmindia.com

ABM Knowledgeware Ltd is an information technology company. It is a software and services company engaged in computer programming, consultancy, and other related activities. The company also focuses on e-governance activities, information security, and technology-enabled applications. The service line of the company consists of e-municipality, enterprise resource planning practice, utilities, tourism portal, double-entry accounting reform, tax revenue reforms, cyber security, and customer relationship management. The business operates in one business segment which is Software and Services. The company offers its services only to Indian customers.

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