Primech Holdings (Primech Holdings) Receivables Turnover : 2.71 (As of Sep. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Primech Holdings 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. Primech Holdings's Revenue for the six months ended in Sep. 2023 was $35.16 Mil. Primech Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was $12.97 Mil. Hence, Primech Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 2.71.

Primech Holdings Receivables Turnover Historical Data

The historical data trend for Primech Holdings'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.

* Premium members only.

Primech Holdings Receivables Turnover Chart

Primech Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

5.17

4.48

4.67

5.91

Primech Holdings Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			2.14	2.41	2.43	2.59	2.71

Competitive Comparison of Primech Holdings's Receivables Turnover

For the Specialty Business Services subindustry, Primech Holdings'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.

Primech Holdings's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Primech Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Primech Holdings's Receivables Turnover falls into.

Primech Holdings Receivables Turnover Calculation

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

Primech Holdings'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 )
=	69.026	/ (	(11.126	+	12.24)	/	2 )
=	69.026	/	11.683
=	5.91

Primech Holdings's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	35.161	/ (	(12.24	+	13.692)	/	2 )
=	35.161	/	12.966
=	2.71

Primech Holdings (NAS:PMEC) 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.

Primech Holdings Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Primech Holdings's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Primech Holdings (Primech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Primech Holdings Ltd (NAS:PMEC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Ubi Crescent, Singapore, SGP, 408579

Website

https://www.primechholdings.com

Primech Holdings Ltd is a technology-driven facilities services provider in the public and private sectors operating mainly in Singapore. The services offered by the company include Facilities services, Stewarding services, Cleaning services to offices, Cleaning services to homes, and Cleaning Supplies.

Primech Holdings (Primech Holdings) Headlines

From GuruFocus

PRIMECH HOLDINGS LTD. Announces Pricing of US12.2 Million Initial Public Offering

By GlobeNewswire • 10-10-2023

PRIMECH HOLDINGS LTD. Announces Pricing of US12.2 Million Initial Public Offering

By Marketwired • 10-10-2023