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Infronics Systems (BOM:537985) Receivables Turnover : 0.63 (As of Dec. 2023)


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What is Infronics Systems 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. Infronics Systems's Revenue for the three months ended in Dec. 2023 was ₹6.43 Mil. Infronics Systems's average Accounts Receivable for the three months ended in Dec. 2023 was ₹10.21 Mil. Hence, Infronics Systems's Receivables Turnover for the three months ended in Dec. 2023 was 0.63.


Infronics Systems Receivables Turnover Historical Data

The historical data trend for Infronics Systems'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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Infronics Systems Receivables Turnover Chart

Infronics Systems Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.69 1.61 3.47 4.35 4.84

Infronics Systems Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.33 0.80 1.09 0.95 0.63

Competitive Comparison of Infronics Systems's Receivables Turnover

For the Software - Application subindustry, Infronics Systems'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.


Infronics Systems's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Infronics Systems's Receivables Turnover falls into.



Infronics Systems Receivables Turnover Calculation

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

Infronics Systems'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 )
=61.815 / ((12.494 + 13.058) / 2 )
=61.815 / 12.776
=4.84

Infronics Systems's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=6.434 / ((10.21 + 0) / 1 )
=6.434 / 10.21
=0.63

* 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.


Infronics Systems  (BOM:537985) 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.


Infronics Systems Receivables Turnover Related Terms

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Infronics Systems (BOM:537985) Business Description

Traded in Other Exchanges
N/A
Address
Plot No: 30, 31, Brigade Towers, West Wing, First Floor, Nanakramguda, Gachibowli, District - Rangareddi, Hyderabad, TG, IND, 500032
Infronics Systems Ltd is engaged in technology-enabled information technology solutions. The company offers industry-specific software and hardware solutions. The company designs and exports various applications and products like Real-time locating systems (RTLS), Smart Certificate and Radio Frequency Identification (RFID) in India and as well as overseas. The company revenue is being generated by Software Development.

Infronics Systems (BOM:537985) Headlines

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