L&T Technology Services (NSE:LTTS) Receivables Turnover : 1.16 (As of Mar. 2024)

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What is L&T Technology Services 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. L&T Technology Services's Revenue for the three months ended in Mar. 2024 was ₹25,376 Mil. L&T Technology Services's average Accounts Receivable for the three months ended in Mar. 2024 was ₹21,866 Mil. Hence, L&T Technology Services's Receivables Turnover for the three months ended in Mar. 2024 was 1.16.

L&T Technology Services Receivables Turnover Historical Data

The historical data trend for L&T Technology Services'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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L&T Technology Services Receivables Turnover Chart

L&T Technology Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.59

4.16

4.48

4.58

4.44

L&T Technology Services 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															1.10	1.07	0.87	0.89	1.16

Competitive Comparison of L&T Technology Services's Receivables Turnover

For the Information Technology Services subindustry, L&T Technology Services'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.

L&T Technology Services's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, L&T Technology Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where L&T Technology Services's Receivables Turnover falls into.

L&T Technology Services Receivables Turnover Calculation

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

L&T Technology Services'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 )
=	96473	/ (	(21543	+	21866)	/	2 )
=	96473	/	21704.5
=	4.44

L&T Technology Services'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 )
=	25376	/ (	(0	+	21866)	/	1 )
=	25376	/	21866
=	1.16

L&T Technology Services (NSE:LTTS) 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.

L&T Technology Services Receivables Turnover Related Terms

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L&T Technology Services (NSE:LTTS) Business Description

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540115:India

Address

National Highway No. 8, Ajwa Waghodia Crossing, 5th Floor, West Block-II, L&T Knowledge City (IT/ITES) SEZ, Vadodara, GJ, IND, 390 019

Website

https://www.ltts.com

L&T Technology Services Ltd is a provider of engineering and research services in connection to embedded systems and other engineering support services. The company's operating segments include Transportation; Industrial Products; Telecom and Hi-tech; Plant Engineering and Medical Devices. It generates maximum revenue from the Transportation segment. The transportation segment offers engineering services and solutions to the transportation industry, which includes OEM and Tier 1 suppliers in the automotive, trucks and off-highway vehicles, aerospace, and rail industries. Geographically, it derives a majority of its revenue from North America.

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