Timescan Logistics (India) (NSE:TIMESCAN) Receivables Turnover : 4.92 (As of Sep. 2023)

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What is Timescan Logistics (India) 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. Timescan Logistics (India)'s Revenue for the six months ended in Sep. 2023 was ₹962 Mil. Timescan Logistics (India)'s average Accounts Receivable for the six months ended in Sep. 2023 was ₹196 Mil. Hence, Timescan Logistics (India)'s Receivables Turnover for the six months ended in Sep. 2023 was 4.92.

Timescan Logistics (India) Receivables Turnover Historical Data

The historical data trend for Timescan Logistics (India)'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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Timescan Logistics (India) Receivables Turnover Chart

Timescan Logistics (India) Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

6.96

7.12

6.51

6.65

8.40

Timescan Logistics (India) Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			3.11	3.48	3.75	3.38	4.92

Competitive Comparison of Timescan Logistics (India)'s Receivables Turnover

For the Integrated Freight & Logistics subindustry, Timescan Logistics (India)'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.

Timescan Logistics (India)'s Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Timescan Logistics (India)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Timescan Logistics (India)'s Receivables Turnover falls into.

Timescan Logistics (India) Receivables Turnover Calculation

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

Timescan Logistics (India)'s Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	2031.288	/ (	(291.99	+	191.396)	/	2 )
=	2031.288	/	241.693
=	8.40

Timescan Logistics (India)'s Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	961.774	/ (	(191.396	+	199.957)	/	2 )
=	961.774	/	195.6765
=	4.92

Timescan Logistics (India) (NSE:TIMESCAN) 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.

Timescan Logistics (India) Receivables Turnover Related Terms

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Timescan Logistics (India) (NSE:TIMESCAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Timescan Logistics (India) Ltd (NSE:TIMESCAN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

18/3, Rukmani Lakshmipathy Road, (Marshalls Road), Rajah Annamalai Buildings, Annex 3rd Floor, Egmore, Chennai, TN, IND, 600 008

Website

http://www.timescan.in

Timescan Logistics (India) Ltd is a multimodal transport operator that offers logistics services involving land, air, and sea transportation and third-party logistics provider. The business provides a complete range of transport and freight-related services like freight forwarding, customs clearance, warehousing, transportation, multimodal transportation, project cargo, vessel charter and packaging.

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