Nictus (JSE:NCS) Receivables Turnover : 0.07 (As of Sep. 2023)

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What is Nictus 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. Nictus's Revenue for the six months ended in Sep. 2023 was R14.25 Mil. Nictus's average Accounts Receivable for the six months ended in Sep. 2023 was R203.75 Mil. Hence, Nictus's Receivables Turnover for the six months ended in Sep. 2023 was 0.07.

Nictus Receivables Turnover Historical Data

The historical data trend for Nictus'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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Nictus Receivables Turnover Chart

Nictus Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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0.13

0.12

0.15

0.13

0.12

Nictus Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															0.05	0.08	0.05	0.08	0.07

Competitive Comparison of Nictus's Receivables Turnover

For the Specialty Retail subindustry, Nictus'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.

Nictus's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Nictus's Receivables Turnover distribution charts can be found below:

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

Nictus Receivables Turnover Calculation

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

Nictus'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 )
=	46.48	/ (	(361.162	+	395.239)	/	2 )
=	46.48	/	378.2005
=	0.12

Nictus'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 )
=	14.249	/ (	(395.239	+	12.252)	/	2 )
=	14.249	/	203.7455
=	0.07

Nictus (JSE:NCS) 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.

Nictus Receivables Turnover Related Terms

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Nictus (JSE:NCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nictus Ltd (JSE:NCS) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Block C, 1st Floor, 392 Main Road, The Main Straight Office Park, Bryanston, ZAF, 2191

Website

http://www.nictuslimited.co.za

Nictus Ltd operates as a retailer of household furniture, electrical appliances, and home electronics through the Nictus Furnishers brand and a short-term insurer through the Corporate Guarantee brand. The company owns three furniture retail stores located in Makhado, Polokwane and Randburg, South Africa. It operates in two segments namely Furniture segment and Insurance and Finance segment provides short-term insurance. Majority of the revenue is derived from the retailing of furniture and other products.

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