Novatti Group (Novatti Group) Receivables Turnover : 2.67 (As of Dec. 2023)

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What is Novatti Group 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. Novatti Group's Revenue for the six months ended in Dec. 2023 was $14.36 Mil. Novatti Group's average Accounts Receivable for the six months ended in Dec. 2023 was $5.37 Mil. Hence, Novatti Group's Receivables Turnover for the six months ended in Dec. 2023 was 2.67.

Novatti Group Receivables Turnover Historical Data

The historical data trend for Novatti Group'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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Novatti Group Receivables Turnover Chart

Novatti Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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2.31

3.29

6.31

7.19

6.21

Novatti Group Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											2.69	3.98	2.74	2.52	2.67

Competitive Comparison of Novatti Group's Receivables Turnover

For the Software - Infrastructure subindustry, Novatti Group'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.

Novatti Group's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Novatti Group's Receivables Turnover distribution charts can be found below:

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

Novatti Group Receivables Turnover Calculation

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

Novatti Group's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	26.16	/ (	(4.008	+	4.411)	/	2 )
=	26.16	/	4.2095
=	6.21

Novatti Group'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	14.357	/ (	(4.411	+	6.327)	/	2 )
=	14.357	/	5.369
=	2.67

Novatti Group (OTCPK:NTTIF) 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.

Novatti Group Receivables Turnover Related Terms

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Novatti Group (Novatti Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Novatti Group Ltd (OTCPK:NTTIF) » Definitions » Receivables Turnover

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NOV:Australia

Address

461 Bourke Street, Level 3, Melbourne, VIC, AUS, 3000

Website

https://www.novatti.com

Novatti Group Ltd is a software technology company. The company's operating segment includes Technology, Business Automation, Acquiring, Alternative Payments, Banking Services, ATX Payments, Issuing and Corporate Overheads. The Alternative Payments segment that derives majority revenue provides a network that interconnects emerging payment platforms, remittance operators, financial institutions, retailers, utilities and all types of telecommunication operators. The company operates in Australia, Malta, Malaysia, Brazil, United States, United Arab Emirates, Netherlands, New Zealand, Gibraltar, Channel Island and Others.