Shree Pacetronix (BOM:527005) Receivables Turnover : 0.61 (As of Dec. 2024)

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What is Shree Pacetronix 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. Shree Pacetronix's Revenue for the three months ended in Dec. 2024 was ₹36.3 Mil. Shree Pacetronix's average Accounts Receivable for the three months ended in Dec. 2024 was ₹59.3 Mil. Hence, Shree Pacetronix's Receivables Turnover for the three months ended in Dec. 2024 was 0.61.

Shree Pacetronix Receivables Turnover Historical Data

The historical data trend for Shree Pacetronix'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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Shree Pacetronix Receivables Turnover Chart

Shree Pacetronix Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.79

2.42

2.95

5.10

4.71

Shree Pacetronix Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.75	1.43	1.04	0.68	0.61

Competitive Comparison of Shree Pacetronix's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Shree Pacetronix'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.

Shree Pacetronix's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shree Pacetronix's Receivables Turnover distribution charts can be found below:

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

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Shree Pacetronix Receivables Turnover Calculation

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

Shree Pacetronix'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 )
=	220.405	/ (	(47.113	+	46.575)	/	2 )
=	220.405	/	46.844
=	4.71

Shree Pacetronix's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	36.251	/ (	(59.326	+	0)	/	1 )
=	36.251	/	59.326
=	0.61

Shree Pacetronix (BOM:527005) 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.

Shree Pacetronix Receivables Turnover Related Terms

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Shree Pacetronix Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shree Pacetronix Ltd (BOM:527005) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Plot Number 15, Sector II, Industrial Area, District Dhar, Pithampur, MP, IND, 454775

Website

https://www.pacetronix.com

Shree Pacetronix Ltd is engaged in the manufacturing of medical and surgical equipment and orthopedic appliances. It is in the business of manufacturing and selling Implantable Cardiac Pacemakers. Pacemakers are anti-bradycardia implantable devices intended for permanent ventricular or atrial pacing applications. The Company is engaged in only one segment i.e. manufacturing of pacemakers. It sells its life-saving devices in India and internationally, of which the majority of revenue is generated from the sales made in India.

Shree Pacetronix Headlines

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