FCS Software Solutions (NSE:FCSSOFT) Receivables Turnover : 4.91 (As of Mar. 2024)

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What is FCS Software Solutions 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. FCS Software Solutions's Revenue for the three months ended in Mar. 2024 was ₹96.0 Mil. FCS Software Solutions's average Accounts Receivable for the three months ended in Mar. 2024 was ₹19.6 Mil. Hence, FCS Software Solutions's Receivables Turnover for the three months ended in Mar. 2024 was 4.91.

FCS Software Solutions Receivables Turnover Historical Data

The historical data trend for FCS Software Solutions'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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FCS Software Solutions Receivables Turnover Chart

FCS Software Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.34

4.53

6.40

12.30

12.90

FCS Software Solutions 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															2.23	2.31	2.65	2.58	4.91

Competitive Comparison of FCS Software Solutions's Receivables Turnover

For the Information Technology Services subindustry, FCS Software Solutions'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.

FCS Software Solutions's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where FCS Software Solutions's Receivables Turnover falls into.

FCS Software Solutions Receivables Turnover Calculation

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

FCS Software Solutions'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 )
=	365.651	/ (	(37.132	+	19.561)	/	2 )
=	365.651	/	28.3465
=	12.90

FCS Software Solutions'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 )
=	95.97	/ (	(0	+	19.561)	/	1 )
=	95.97	/	19.561
=	4.91

FCS Software Solutions (NSE:FCSSOFT) 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.

FCS Software Solutions Receivables Turnover Related Terms

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FCS Software Solutions (NSE:FCSSOFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » FCS Software Solutions Ltd (NSE:FCSSOFT) » Definitions » Receivables Turnover

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Traded in Other Exchanges

532666:India

Address

Noida Dadri Road, Plot No. 83, Noida Phase - II, Gautam Budh Nagar, FCS House, Noida Special Economic Zone, Noida, UP, IND, 201 305

Website

https://www.fcsltd.com

FCS Software Solutions Ltd is a company that provides Information Technology (IT) services and solutions. The company business consists of software development and marketing and providing support services for Business Process Outsourcing (BPO), software development, and others. Its geographical segments include India and the USA. The company derives a majority of revenue from India. The company's division consists of IT and IT Enable Services; Education/E-Learning and Infrastructure Management. It generates maximum revenue from the IT and IT Enable Services division.

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