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OnMobile Global (BOM:532944) Receivables Turnover : 0.88 (As of Mar. 2024)


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What is OnMobile Global 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. OnMobile Global's Revenue for the three months ended in Mar. 2024 was ₹1,227 Mil. OnMobile Global's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,397 Mil. Hence, OnMobile Global's Receivables Turnover for the three months ended in Mar. 2024 was 0.88.


OnMobile Global Receivables Turnover Historical Data

The historical data trend for OnMobile Global'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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OnMobile Global Receivables Turnover Chart

OnMobile Global Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.52 3.54 3.33 3.58 3.76

OnMobile Global 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.96 1.03 1.27 1.13 0.88

Competitive Comparison of OnMobile Global's Receivables Turnover

For the Telecom Services subindustry, OnMobile Global'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.


OnMobile Global's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, OnMobile Global's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where OnMobile Global's Receivables Turnover falls into.



OnMobile Global Receivables Turnover Calculation

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

OnMobile Global'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 )
=5132.4 / ((1330.02 + 1397.44) / 2 )
=5132.4 / 1363.73
=3.76

OnMobile Global'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 )
=1226.81 / ((0 + 1397.44) / 1 )
=1226.81 / 1397.44
=0.88

* 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.


OnMobile Global  (BOM:532944) 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.


OnMobile Global Receivables Turnover Related Terms

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OnMobile Global (BOM:532944) Business Description

Traded in Other Exchanges
Address
Veerasandra Village, Attibele Hobli, Tower No. 1, 94/1C and 94/2, Anekal Taluk, Electronic City Phase 1, Bangalore, KA, IND, 560 100
OnMobile Global Ltd is an Indian company that provides mobile technology and services. The company's products include Ringback Tones, Digital Content Store, and Infotainment. Digital Content Store offers to discover digital content like videos, games, music, and images. Infotainment offers music, contest, news, and sports to consumers over the mobile. The geographic operational locations of the company are India, Latin America and United States of America, Europe, Africa, and Rest of the World. The company derives maximum revenue from telecom value-added services from Europe.

OnMobile Global (BOM:532944) Headlines

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