Tracxn Technologies (BOM:543638) Receivables Turnover : 2.44 (As of Mar. 2024)

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What is Tracxn Technologies 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. Tracxn Technologies's Revenue for the three months ended in Mar. 2024 was ₹203.2 Mil. Tracxn Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was ₹83.4 Mil. Hence, Tracxn Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 2.44.

Tracxn Technologies Receivables Turnover Historical Data

The historical data trend for Tracxn Technologies'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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Tracxn Technologies Receivables Turnover Chart

Tracxn Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

8.49

8.68

9.87

9.22

9.14

Tracxn Technologies Quarterly Data
	Mar20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								2.08	2.03	2.09	2.06	2.44

Competitive Comparison of Tracxn Technologies's Receivables Turnover

For the Software - Application subindustry, Tracxn Technologies'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.

Tracxn Technologies's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Tracxn Technologies's Receivables Turnover falls into.

Tracxn Technologies Receivables Turnover Calculation

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

Tracxn Technologies'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 )
=	827.705	/ (	(97.687	+	83.398)	/	2 )
=	827.705	/	90.5425
=	9.14

Tracxn Technologies'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 )
=	203.154	/ (	(0	+	83.398)	/	1 )
=	203.154	/	83.398
=	2.44

Tracxn Technologies (BOM:543638) 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.

Tracxn Technologies Receivables Turnover Related Terms

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Tracxn Technologies (BOM:543638) Business Description

Industry

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Traded in Other Exchanges

TRACXN:India

Address

Sector 6, H.S.R. Layout, L-248, 2nd Floor, 17th Cross, Bengaluru, KA, IND, 560 102

Website

https://www.tracxn.com

Tracxn Technologies Ltd provides market intelligence data for private companies. The company's extensive global database and customized solutions and features allow its customers to source and track companies across sectors and geographies to address requirements. It offers private company data to its customers for deal sourcing, identifying M&A targets, deal diligence, analysis, and tracking emerging themes across industries and markets, among other uses, through its Tracxn platform. Geographically the company generates its revenue from India, the United states of America, and other countries.

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