Tech Mahindra (BOM:532755) Receivables Turnover : 1.81 (As of Mar. 2024)

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What is Tech Mahindra 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. Tech Mahindra's Revenue for the three months ended in Mar. 2024 was ₹128,713 Mil. Tech Mahindra's average Accounts Receivable for the three months ended in Mar. 2024 was ₹71,256 Mil. Hence, Tech Mahindra's Receivables Turnover for the three months ended in Mar. 2024 was 1.81.

Tech Mahindra Receivables Turnover Historical Data

The historical data trend for Tech Mahindra'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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Tech Mahindra Receivables Turnover Chart

Tech Mahindra Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.07

4.56

4.26

4.29

5.20

Tech Mahindra 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															1.06	1.02	1.75	1.78	1.81

Competitive Comparison of Tech Mahindra's Receivables Turnover

For the Information Technology Services subindustry, Tech Mahindra'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.

Tech Mahindra's Receivables Turnover Distribution in the Software Industry

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

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

Tech Mahindra Receivables Turnover Calculation

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

Tech Mahindra'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 )
=	519955	/ (	(128816	+	71256)	/	2 )
=	519955	/	100036
=	5.20

Tech Mahindra'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 )
=	128713	/ (	(0	+	71256)	/	1 )
=	128713	/	71256
=	1.81

Tech Mahindra (BOM:532755) 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.

Tech Mahindra Receivables Turnover Related Terms

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Tech Mahindra (BOM:532755) Business Description

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TECHM:India

Address

Plot No. 1, Phase III, Rajiv Gandhi Infotech Park, Hinjewadi, Pune, MH, IND, 411 057

Website

https://www.techmahindra.com

Tech Mahindra Ltd is an IT services and consulting company in India. It offers a variety of technology solutions and services in addition to business process services. Its segments are Information Technology and Business Processing Outsourcing. The technology solutions include helping companies engage in cloud software, mobile solutions, network services, cybersecurity, and a variety of other options. The business process service is offered across various industries including telecom, financial services, retail, energy, hospitality, high-tech, agriculture, and food beverage. The company's approach includes cost reduction, process optimization, and ownership through automation and productivity improvements. Tech Mahindra generates approximately half of its revenue from the United States.

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