Vanta Bioscience (BOM:540729) Receivables Turnover : 0.37 (As of Sep. 2024)

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What is Vanta Bioscience 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. Vanta Bioscience's Revenue for the six months ended in Sep. 2024 was ₹10.31 Mil. Vanta Bioscience's average Accounts Receivable for the six months ended in Sep. 2024 was ₹27.93 Mil. Hence, Vanta Bioscience's Receivables Turnover for the six months ended in Sep. 2024 was 0.37.

Vanta Bioscience Receivables Turnover Historical Data

The historical data trend for Vanta Bioscience'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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Vanta Bioscience Receivables Turnover Chart

Vanta Bioscience Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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9.57

5.89

6.15

4.06

3.81

Vanta Bioscience Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial											2.37	2.15	3.06	1.36	0.37

Competitive Comparison of Vanta Bioscience's Receivables Turnover

For the Diagnostics & Research subindustry, Vanta Bioscience'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.

Vanta Bioscience's Receivables Turnover Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Vanta Bioscience's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vanta Bioscience's Receivables Turnover falls into.

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Vanta Bioscience Receivables Turnover Calculation

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

Vanta Bioscience'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 )
=	97.229	/ (	(19.589	+	31.409)	/	2 )
=	97.229	/	25.499
=	3.81

Vanta Bioscience's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	10.305	/ (	(31.409	+	24.446)	/	2 )
=	10.305	/	27.9275
=	0.37

Vanta Bioscience (BOM:540729) 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.

Vanta Bioscience Receivables Turnover Related Terms

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Vanta Bioscience Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Vanta Bioscience Ltd (BOM:540729) » Definitions » Receivables Turnover

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Address

No. 02/G/308/G, Umajay Complex, No. 3/FF/SF/1-20-248, Rasoolpura, Secunderabad, TG, IND, 500003

Website

https://www.vantabio.com

Vanta Bioscience Ltd is a full-service preclinical contract research organization. It is engaged in the provision of testing and contract research in the fields of clinical research, pre-clinical research, biopharma services, analytical testing and research, and environmental studies. It offers toxicology, batch release tests, biocompatibility studies, chemical safety, and diet formulation services.

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