Navoday Enterprises (BOM:543305) Receivables Turnover : 3.29 (As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Navoday Enterprises 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. Navoday Enterprises's Revenue for the six months ended in Sep. 2023 was ₹71.0 Mil. Navoday Enterprises's average Accounts Receivable for the six months ended in Sep. 2023 was ₹21.6 Mil. Hence, Navoday Enterprises's Receivables Turnover for the six months ended in Sep. 2023 was 3.29.

Navoday Enterprises Receivables Turnover Historical Data

The historical data trend for Navoday Enterprises'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.

Navoday Enterprises Receivables Turnover Chart

Navoday Enterprises Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

5.51

10.62

5.93

20.22

9.15

Navoday Enterprises Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial					3.38	8.47	3.51	6.16	3.29

Competitive Comparison of Navoday Enterprises's Receivables Turnover

For the Advertising Agencies subindustry, Navoday Enterprises'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.

Navoday Enterprises's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Navoday Enterprises's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Navoday Enterprises's Receivables Turnover falls into.

Navoday Enterprises Receivables Turnover Calculation

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

Navoday Enterprises'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 )
=	124.699	/ (	(17.547	+	9.699)	/	2 )
=	124.699	/	13.623
=	9.15

Navoday Enterprises'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 )
=	71.018	/ (	(9.699	+	33.452)	/	2 )
=	71.018	/	21.5755
=	3.29

Navoday Enterprises (BOM:543305) 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.

Navoday Enterprises Receivables Turnover Related Terms

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

Navoday Enterprises (BOM:543305) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Navoday Enterprises Ltd (BOM:543305) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Link Road, B-713, 7th Floor, Crystal Plaza, Opposite Infinity Mall, Andheri (West), Mumbai, MH, IND, 400 053

Website

https://www.navodayenterprise.com

Navoday Enterprises Ltd operates in three business verticals namely Marketing support and Advertising, Management and Financial Consultancy services, and Component Supply and support services to manufacturers of packaging and allied machines.

Navoday Enterprises (BOM:543305) Headlines

No Headlines