Dr. Lal PathLabs (NSE:LALPATHLAB) Receivables Turnover : 7.05 (As of Mar. 2024)

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What is Dr. Lal PathLabs 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. Dr. Lal PathLabs's Revenue for the three months ended in Mar. 2024 was ₹5,453 Mil. Dr. Lal PathLabs's average Accounts Receivable for the three months ended in Mar. 2024 was ₹774 Mil. Hence, Dr. Lal PathLabs's Receivables Turnover for the three months ended in Mar. 2024 was 7.05.

Dr. Lal PathLabs Receivables Turnover Historical Data

The historical data trend for Dr. Lal PathLabs'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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Dr. Lal PathLabs Receivables Turnover Chart

Dr. Lal PathLabs Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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25.43

26.78

27.45

25.82

30.04

Dr. Lal PathLabs Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															6.93	7.64	7.03	6.30	7.05

Competitive Comparison of Dr. Lal PathLabs's Receivables Turnover

For the Diagnostics & Research subindustry, Dr. Lal PathLabs'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.

Dr. Lal PathLabs's Receivables Turnover Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Dr. Lal PathLabs's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dr. Lal PathLabs's Receivables Turnover falls into.

Dr. Lal PathLabs Receivables Turnover Calculation

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

Dr. Lal PathLabs'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 )
=	22265.02	/ (	(708.24	+	774.02)	/	2 )
=	22265.02	/	741.13
=	30.04

Dr. Lal PathLabs'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	5453.02	/ (	(0	+	774.02)	/	1 )
=	5453.02	/	774.02
=	7.05

Dr. Lal PathLabs (NSE:LALPATHLAB) 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.

Dr. Lal PathLabs Receivables Turnover Related Terms

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Dr. Lal PathLabs (NSE:LALPATHLAB) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Dr. Lal PathLabs Ltd (NSE:LALPATHLAB) » Definitions » Receivables Turnover

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539524:India

Address

12th Floor, Tower B, SAS Tower, Sector 38, Medicity, Gurugram, HR, IND, 122 001

Website

https://www.lalpathlabs.com

Dr. Lal PathLabs Ltd is a pathology lab based in India. It is involved in providing diagnostic services and other healthcare tests in the area of pathology and radiology. The company operates laboratories for carrying out pathological diagnostic services in various branches of biochemistry, hematology, histopathology, microbiology, electrophoresis, immunochemistry, immunology, virology, cytology, and other pathological and radiological investigations. Its diagnostic services assist to prevent, monitor and treat diseases and improving health conditions. The company has business operations in India and other countries, of which maximum revenue is generated within India.

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