Centenial Surgical Suture (BOM:531380) Receivables Turnover : 0.61 (As of Dec. 2024)

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What is Centenial Surgical Suture 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. Centenial Surgical Suture's Revenue for the three months ended in Dec. 2024 was ₹122.0 Mil. Centenial Surgical Suture's average Accounts Receivable for the three months ended in Dec. 2024 was ₹201.2 Mil. Hence, Centenial Surgical Suture's Receivables Turnover for the three months ended in Dec. 2024 was 0.61.

Centenial Surgical Suture Receivables Turnover Historical Data

The historical data trend for Centenial Surgical Suture'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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Centenial Surgical Suture Receivables Turnover Chart

Centenial Surgical Suture Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.52

1.61

2.12

2.62

2.60

Centenial Surgical Suture 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															0.59	0.64	0.73	0.71	0.61

Competitive Comparison of Centenial Surgical Suture's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Centenial Surgical Suture'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.

Centenial Surgical Suture's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Centenial Surgical Suture's Receivables Turnover falls into.

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Centenial Surgical Suture Receivables Turnover Calculation

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

Centenial Surgical Suture'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 )
=	511.889	/ (	(205.935	+	188.044)	/	2 )
=	511.889	/	196.9895
=	2.60

Centenial Surgical Suture'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 )
=	121.988	/ (	(201.22	+	0)	/	1 )
=	121.988	/	201.22
=	0.61

Centenial Surgical Suture (BOM:531380) 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.

Centenial Surgical Suture Receivables Turnover Related Terms

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Centenial Surgical Suture Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Centenial Surgical Suture Ltd (BOM:531380) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

F-29, MIDC, Murbad, Thane, MH, IND, 421401

Website

https://www.centenialindia.com

Centenial Surgical Suture Ltd is an India-based company engaged in manufacturing, marketing, and selling quality atraumatic needles and sutures; absorbable - synthetic/natural (catgut plain and chromic); non-absorbable sutures; and other medical devices approved and licensed by Food and Drug Administration (FDA). The company's only segment is the manufacturing and sale of Medical Devices. The company sells its products in India and also exports internationally; generating a vast majority of the revenue within India.

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