Novelix Pharmaceuticals (BOM:536565) Receivables Turnover : 1.34 (As of Dec. 2024)

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What is Novelix Pharmaceuticals 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. Novelix Pharmaceuticals's Revenue for the three months ended in Dec. 2024 was ₹53.0 Mil. Novelix Pharmaceuticals's average Accounts Receivable for the three months ended in Dec. 2024 was ₹39.5 Mil. Hence, Novelix Pharmaceuticals's Receivables Turnover for the three months ended in Dec. 2024 was 1.34.

Novelix Pharmaceuticals Receivables Turnover Historical Data

The historical data trend for Novelix Pharmaceuticals'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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Novelix Pharmaceuticals Receivables Turnover Chart

Novelix Pharmaceuticals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.46

6.87

1.14

9.68

41.43

Novelix Pharmaceuticals 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															3.61	62.90	44.86	1.00	1.34

Competitive Comparison of Novelix Pharmaceuticals's Receivables Turnover

For the Medical Distribution subindustry, Novelix Pharmaceuticals'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.

Novelix Pharmaceuticals's Receivables Turnover Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Novelix Pharmaceuticals's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Novelix Pharmaceuticals's Receivables Turnover falls into.

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Novelix Pharmaceuticals Receivables Turnover Calculation

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

Novelix Pharmaceuticals'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 )
=	42.238	/ (	(1.905	+	0.134)	/	2 )
=	42.238	/	1.0195
=	41.43

Novelix Pharmaceuticals'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 )
=	52.998	/ (	(39.515	+	0)	/	1 )
=	52.998	/	39.515
=	1.34

Novelix Pharmaceuticals (BOM:536565) 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.

Novelix Pharmaceuticals Receivables Turnover Related Terms

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Novelix Pharmaceuticals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Novelix Pharmaceuticals Ltd (BOM:536565) » Definitions » Receivables Turnover

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Address

Chirag Ali Lane, 5-8-354/1106, office No. 1106, Ratna Block, Raghav Ratna towers, Abids, Hyderabad, TG, IND, 500001

Website

https://www.trimurthidrugs.com

Novelix Pharmaceuticals Ltd formerly Trimurthi Ltd is an India based pharmaceutical supplier. It operates as a holding company, which engages in the distribution, retail, and marketing of pharmaceutical products. It operates through the following business segments: Pharma Business, Financial Activity, Investment Activity, Foods, and Trading in Shares. Its products include medicine for contraception, obstetrics and gynecology, digestive system, and other areas.

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