Deccan Health Care (BOM:542248) Receivables Turnover : 2.84 (As of Mar. 2024)

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What is Deccan Health Care 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. Deccan Health Care's Revenue for the six months ended in Mar. 2024 was ₹313.1 Mil. Deccan Health Care's average Accounts Receivable for the six months ended in Mar. 2024 was ₹110.3 Mil. Hence, Deccan Health Care's Receivables Turnover for the six months ended in Mar. 2024 was 2.84.

Deccan Health Care Receivables Turnover Historical Data

The historical data trend for Deccan Health Care'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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Deccan Health Care Receivables Turnover Chart

Deccan Health Care Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.12

2.05

2.62

3.62

5.45

Deccan Health Care Semi-Annual Data
	Mar16	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial									1.07	1.69	2.08	2.35	2.84

Competitive Comparison of Deccan Health Care's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Deccan Health Care'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.

Deccan Health Care's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Deccan Health Care's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Deccan Health Care's Receivables Turnover falls into.

Deccan Health Care Receivables Turnover Calculation

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

Deccan Health Care'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 )
=	597.289	/ (	(120.499	+	98.866)	/	2 )
=	597.289	/	109.6825
=	5.45

Deccan Health Care's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	313.113	/ (	(121.774	+	98.866)	/	2 )
=	313.113	/	110.32
=	2.84

Deccan Health Care (BOM:542248) 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.

Deccan Health Care Receivables Turnover Related Terms

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Deccan Health Care (BOM:542248) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Deccan Health Care Ltd (BOM:542248) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

H.No. 6-3-348/4, Dwarakapuri Colony, Punjagutta, Hyderabad, TG, IND, 500082

Website

https://www.deccanhealthcare.co.in

Deccan Health Care Ltd is into developing, manufacturing, and marketing a broad range of healthcare products including nutraceutical, cosmeceutical, and ayurveda products ( Fast Moving Consumer Health Products). Its products are Nutraceutical Food Products and other supplements and medicines. The company operates in India as well as exports its products to other countries and the maximum of its revenue comes from India.

Deccan Health Care (BOM:542248) Headlines

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