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Ahasolar Technologies (BOM:543941) Receivables Turnover : 11.43 (As of Mar. 2024)


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What is Ahasolar 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. Ahasolar Technologies's Revenue for the six months ended in Mar. 2024 was ₹419.2 Mil. Ahasolar Technologies's average Accounts Receivable for the six months ended in Mar. 2024 was ₹36.7 Mil. Hence, Ahasolar Technologies's Receivables Turnover for the six months ended in Mar. 2024 was 11.43.

Ahasolar Technologies Receivables Turnover Historical Data

The historical data trend for Ahasolar 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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Ahasolar Technologies Receivables Turnover Chart

Ahasolar Technologies Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
3.71 6.72 21.63 9.95 11.43

Ahasolar Technologies Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover 3.71 6.72 21.63 9.95 11.43

Competitive Comparison of Ahasolar Technologies's Receivables Turnover

For the Software - Application subindustry, Ahasolar 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.

Ahasolar Technologies's Receivables Turnover Distribution in the Software Industry

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

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


Ahasolar Technologies Receivables Turnover Calculation

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

Ahasolar 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 )
=419.218 / ((28.232 + 45.101) / 2 )
=419.218 / 36.6665
=11.43

Ahasolar 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: Mar. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=419.218 / ((28.232 + 45.101) / 2 )
=419.218 / 36.6665
=11.43

* 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.

Ahasolar Technologies  (BOM:543941) 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.

Ahasolar Technologies Receivables Turnover Related Terms

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Ahasolar Technologies (BOM:543941) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Ahasolar Technologies Ltd (BOM:543941) » Definitions » Receivables Turnover
Comparable Companies
BOM:540143 BOM:530951 BOM:517429 BOM:540654 BOM:512093 BOM:532404 BOM:526544 BOM:512161 BOM:531616 BOM:538743 CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
N/A
Address
Sattadhar Cross Road, Office No. 207, Kalasagar Shopping Hub, Opposite Saibaba Temple, Ghatlodiya, Ahmedabad, GJ, IND, 380061
Website
https://www.ahasolar.in
Ahasolar Technologies Ltd is engaged in the business of Cleantech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy. Its primary focus in renewable energy has been in the solar industry and to cater to it the company developed an AI-based intelligent Solar Digital Platform. It has developed Software as a Service (SaaS) products for solar companies to streamline the processes, design PV, do project management, and monitor generation along with an integrated Marketplace to connect the demand & supply digitally. The company's core businesses are Solar Software Services, Solar Marketplace, and Solar Advisory and Consultancy services.

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