Vilin Bio Med (NSE:VILINBIO) Receivables Turnover : 0.68 (As of Sep. 2023)

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What is Vilin Bio Med 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. Vilin Bio Med's Revenue for the six months ended in Sep. 2023 was ₹76.46 Mil. Vilin Bio Med's average Accounts Receivable for the six months ended in Sep. 2023 was ₹112.72 Mil. Hence, Vilin Bio Med's Receivables Turnover for the six months ended in Sep. 2023 was 0.68.

Vilin Bio Med Receivables Turnover Historical Data

The historical data trend for Vilin Bio Med'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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Vilin Bio Med Receivables Turnover Chart

Vilin Bio Med Annual Data

Trend

Mar20

Mar21

Mar22

Receivables Turnover

2.31

1.57

1.45

Vilin Bio Med Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Sep23
Receivables Turnover	-	-	-	0.53	0.68

Competitive Comparison of Vilin Bio Med's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Vilin Bio Med'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.

Vilin Bio Med's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Vilin Bio Med's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vilin Bio Med's Receivables Turnover falls into.

Vilin Bio Med Receivables Turnover Calculation

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

Vilin Bio Med's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Receivables Turnover (A: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2022 )	/ (	(Accounts Receivable (A: Mar. 2021 )	+	Accounts Receivable (A: Mar. 2022 ))	/	count )
=	112.149	/ (	(76.452	+	77.865)	/	2 )
=	112.149	/	77.1585
=	1.45

Vilin Bio Med'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: Sep. 2022 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	76.457	/ (	(0	+	112.722)	/	1 )
=	76.457	/	112.722
=	0.68

Vilin Bio Med (NSE:VILINBIO) 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.

Vilin Bio Med Receivables Turnover Related Terms

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Vilin Bio Med (NSE:VILINBIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Vilin Bio Med Ltd (NSE:VILINBIO) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Opposite Sub Registrar’s Office, Survey No.115/GF/J, Hanumanji Colony, Bowempally, Secunderabad, TG, IND, 500009

Website

http://www.vilinbiomed.co.in

Vilin Bio Med Ltd is engaged in the domestic business of manufacturing Pharmaceuticals products. It is manufacturing pharmaceutical formulations such as Oral Liquids, Dry syrups, Sachets, External Preparations, Beta and Non-Beta Lactam tablets, and Capsules & Nutritional Food supplements.

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