VXL Instruments (BOM:517399) Receivables Turnover : 0.26 (As of Dec. 2023)

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What is VXL Instruments 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. VXL Instruments's Revenue for the three months ended in Dec. 2023 was ₹23.62 Mil. VXL Instruments's average Accounts Receivable for the three months ended in Dec. 2023 was ₹92.19 Mil. Hence, VXL Instruments's Receivables Turnover for the three months ended in Dec. 2023 was 0.26.

VXL Instruments Receivables Turnover Historical Data

The historical data trend for VXL Instruments'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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VXL Instruments Receivables Turnover Chart

VXL Instruments Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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1.15

3.77

0.87

1.27

0.81

VXL Instruments 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															0.17	0.17	0.31	0.14	0.26

Competitive Comparison of VXL Instruments's Receivables Turnover

For the Computer Hardware subindustry, VXL Instruments'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.

VXL Instruments's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, VXL Instruments's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where VXL Instruments's Receivables Turnover falls into.

VXL Instruments Receivables Turnover Calculation

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

VXL Instruments'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 )
=	85.7	/ (	(113.461	+	99.315)	/	2 )
=	85.7	/	106.388
=	0.81

VXL Instruments'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 )
=	23.621	/ (	(92.191	+	0)	/	1 )
=	23.621	/	92.191
=	0.26

VXL Instruments (BOM:517399) 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.

VXL Instruments Receivables Turnover Related Terms

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VXL Instruments (BOM:517399) Business Description

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Address

Chakala Andheri Kurla Road, Unit No. 252, 5th Floor, Building No. 2, Solitaire Corporate Park, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.vxl.net

VXL Instruments Ltd is an India-based company engaged in the production, distribution, and sales of Data processing units. The company operates into two business segments: the Data processing segment, which comprises of manufacturing and sales of data processing units and which also contributes to the major part of revenue; and the Service charges segment which comprises of revenue from maintenance charges. Its products include thin client hardware with a wide range of models available for Windows Embedded and Linux or without an operating system and also software for homeworking, unified endpoint management, PC repurposing, and digital signage. Majority of its revenue is generated from India.

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