Mahaveer Infoway (BOM:539383) Receivables Turnover : 1.22 (As of Mar. 2024)

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What is Mahaveer Infoway 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. Mahaveer Infoway's Revenue for the three months ended in Mar. 2024 was ₹5.79 Mil. Mahaveer Infoway's average Accounts Receivable for the three months ended in Mar. 2024 was ₹4.74 Mil. Hence, Mahaveer Infoway's Receivables Turnover for the three months ended in Mar. 2024 was 1.22.

Mahaveer Infoway Receivables Turnover Historical Data

The historical data trend for Mahaveer Infoway'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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Mahaveer Infoway Receivables Turnover Chart

Mahaveer Infoway Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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1.06

0.72

1.98

3.25

7.14

Mahaveer Infoway 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															1.27	1.50	2.20	2.10	1.22

Competitive Comparison of Mahaveer Infoway's Receivables Turnover

For the Software - Application subindustry, Mahaveer Infoway'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.

Mahaveer Infoway's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Mahaveer Infoway's Receivables Turnover falls into.

Mahaveer Infoway Receivables Turnover Calculation

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

Mahaveer Infoway'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 )
=	54.131	/ (	(10.429	+	4.736)	/	2 )
=	54.131	/	7.5825
=	7.14

Mahaveer Infoway'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 )
=	5.788	/ (	(0	+	4.736)	/	1 )
=	5.788	/	4.736
=	1.22

Mahaveer Infoway (BOM:539383) 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.

Mahaveer Infoway Receivables Turnover Related Terms

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Mahaveer Infoway (BOM:539383) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Mahaveer Infoway Ltd (BOM:539383) » Definitions » Receivables Turnover

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Address

7-1-24/2/C, 301/A, Dhansi Surabhi Complex, Greenlands, Ameerpet, Hyderabad, TG, IND, 500016

Website

http://www.minfy.com

Mahaveer Infoway Ltd is a provider of Technology-oriented solutions and has business operations in the fields of Software Development, IT Consulting, Networking Solutions, Software Testing, and Offshore Staffing. The company also offers consulting and information technology (IT) services. It provides a range of services, including software development, Cloud Services in partnership with Amazon, Product and Application testing, packaged software integration, system maintenance, and engineering design services. Its software products segment engages in the product development and creation of propriety software. It generates the majority of its revenue from the sale of trading goods and software development and related services.

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