Hypersoft Technologies (BOM:539724) Receivables Turnover : 3.83 (As of Mar. 2024)

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What is Hypersoft 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. Hypersoft Technologies's Revenue for the three months ended in Mar. 2024 was ₹1.89 Mil. Hypersoft Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was ₹0.49 Mil. Hence, Hypersoft Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 3.83.

Hypersoft Technologies Receivables Turnover Historical Data

The historical data trend for Hypersoft 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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Hypersoft Technologies Receivables Turnover Chart

Hypersoft Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.53

51.77

26.11

11.64

9.78

Hypersoft Technologies 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															2.95	2.36	3.74	4.28	3.83

Competitive Comparison of Hypersoft Technologies's Receivables Turnover

For the Information Technology Services subindustry, Hypersoft 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.

Hypersoft Technologies's Receivables Turnover Distribution in the Software Industry

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

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

Hypersoft Technologies Receivables Turnover Calculation

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

Hypersoft 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 )
=	8.267	/ (	(0.921	+	0.77)	/	2 )
=	8.267	/	0.8455
=	9.78

Hypersoft 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 )
=	1.885	/ (	(0.214	+	0.77)	/	2 )
=	1.885	/	0.492
=	3.83

Hypersoft Technologies (BOM:539724) 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.

Hypersoft Technologies Receivables Turnover Related Terms

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Hypersoft Technologies (BOM:539724) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Hypersoft Technologies Ltd (BOM:539724) » Definitions » Receivables Turnover

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Address

28, Goyal Society, Moti Valley, Tirmulgherry, Secunderabad, AP, IND, 500015

Website

http://www.hypersoftindia.net

Hypersoft Technologies Ltd is engaged in building turnkey web and windows applications, database applications, web application services, and web-commerce sites for individual clients worldwide. The company operates in one business segment that is Software. The company's service consists of information technology consulting, offshore IT development, and others. Its products consist of hyper stock, payroll software, flat accounts, and others. The sale of services generates maximum revenue for the company.

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