Brightcom Group (BOM:532368) Receivables Turnover : 0.57 (As of Jun. 2023)

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What is Brightcom Group 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. Brightcom Group's Revenue for the three months ended in Jun. 2023 was ₹16,903 Mil. Brightcom Group's average Accounts Receivable for the three months ended in Jun. 2023 was ₹29,917 Mil. Hence, Brightcom Group's Receivables Turnover for the three months ended in Jun. 2023 was 0.57.

Brightcom Group Receivables Turnover Historical Data

The historical data trend for Brightcom Group'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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Brightcom Group Receivables Turnover Chart

Brightcom Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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2.92

2.89

2.73

3.35

3.04

Brightcom Group Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Receivables Turnover	Get a 7-Day Free Trial															0.79	0.73	1.24	0.46	0.57

Competitive Comparison of Brightcom Group's Receivables Turnover

For the Advertising Agencies subindustry, Brightcom Group'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.

Brightcom Group's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Brightcom Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Brightcom Group's Receivables Turnover falls into.

Brightcom Group Receivables Turnover Calculation

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

Brightcom Group'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 )
=	73967.673	/ (	(18813.791	+	29917.196)	/	2 )
=	73967.673	/	24365.4935
=	3.04

Brightcom Group's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	16903.224	/ (	(29917.196	+	0)	/	1 )
=	16903.224	/	29917.196
=	0.57

Brightcom Group (BOM:532368) 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.

Brightcom Group Receivables Turnover Related Terms

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Brightcom Group (BOM:532368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Brightcom Group Ltd (BOM:532368) » Definitions » Receivables Turnover

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BCG:India

Address

Road No. 2, Nanakramguda, 5th Floor, Fairfield by Marriott, Gachibowli, Hyderabad, TG, IND, 500032

Website

https://www.brightcomgroup.com

Brightcom Group Ltd is an Indian service company. It is engaged in providing digital marketing services, and the development of computer software and services locally and overseas. The firm operates through two segments: Digital Marketing and Software Development Segment. The company is also an information technology implementation and outsourcing services provider. It offers digital marketing solutions to businesses, agencies and online publishers around the world. It provides enterprise solution offerings and specializes in enterprise resource planning (ERP) solutions, Microsoft, and open source systems development. The firm derives key revenue from Digital Marketing Segment. Substantial revenue is generated from export sales of software and services.

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