Paranovus Entertainment Technology (Paranovus Entertainment Technology) Receivables Turnover : 7.31 (As of Sep. 2023)

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What is Paranovus Entertainment Technology 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. Paranovus Entertainment Technology's Revenue for the six months ended in Sep. 2023 was $6.29 Mil. Paranovus Entertainment Technology's average Accounts Receivable for the six months ended in Sep. 2023 was $0.86 Mil. Hence, Paranovus Entertainment Technology's Receivables Turnover for the six months ended in Sep. 2023 was 7.31.

Paranovus Entertainment Technology Receivables Turnover Historical Data

The historical data trend for Paranovus Entertainment Technology'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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Paranovus Entertainment Technology Receivables Turnover Chart

Paranovus Entertainment Technology Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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1.98

2.10

2.21

2.89

6.73

Paranovus Entertainment Technology Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial									1.74	1.83	0.65	6.14	7.31

Competitive Comparison of Paranovus Entertainment Technology's Receivables Turnover

For the Packaged Foods subindustry, Paranovus Entertainment Technology'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.

Paranovus Entertainment Technology's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Paranovus Entertainment Technology's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Paranovus Entertainment Technology's Receivables Turnover falls into.

Paranovus Entertainment Technology Receivables Turnover Calculation

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

Paranovus Entertainment Technology'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 )
=	98.153	/ (	(27.448	+	1.706)	/	2 )
=	98.153	/	14.577
=	6.73

Paranovus Entertainment Technology'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 )
=	6.294	/ (	(1.706	+	0.017)	/	2 )
=	6.294	/	0.8615
=	7.31

Paranovus Entertainment Technology (NAS:PAVS) 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.

Paranovus Entertainment Technology Receivables Turnover Related Terms

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Paranovus Entertainment Technology (Paranovus Entertainment Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Paranovus Entertainment Technology Ltd (NAS:PAVS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

2UO:Germany

Address

Number 11, Dongjiao East Road, Shuangxi, Shunchang, Fujian Province, Nanping, CHN, 353200

Website

https://www.happ.org.cn

Paranovus Entertainment Technology Ltd is a nutraceutical and dietary supplements producer focused on the research, development, manufacturing, and marketing of products made from Chinese herbal extracts. The company's segment includes Healthcare products; Automobile; Online store and Internet information and advertising service. It generates maximum revenue from the Online store segment.