Nanavati Ventures (BOM:543522) Receivables Turnover : -5.05 (As of Sep. 2023)

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What is Nanavati Ventures 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. Nanavati Ventures's Revenue for the six months ended in Sep. 2023 was ₹115.1 Mil. Nanavati Ventures's average Accounts Receivable for the six months ended in Sep. 2023 was ₹-22.8 Mil. Hence, Nanavati Ventures's Receivables Turnover for the six months ended in Sep. 2023 was -5.05.

Nanavati Ventures Receivables Turnover Historical Data

The historical data trend for Nanavati Ventures'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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Nanavati Ventures Receivables Turnover Chart

Nanavati Ventures Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

2.30

4.12

2.26

2.28

Nanavati Ventures Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			2.35	0.87	0.76	0.64	-5.05

Competitive Comparison of Nanavati Ventures's Receivables Turnover

For the Luxury Goods subindustry, Nanavati Ventures'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.

Nanavati Ventures's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Nanavati Ventures's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nanavati Ventures's Receivables Turnover falls into.

Nanavati Ventures Receivables Turnover Calculation

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

Nanavati Ventures's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	159.888	/ (	(137.268	+	3.15)	/	2 )
=	159.888	/	70.209
=	2.28

Nanavati Ventures's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	115.131	/ (	(3.15	+	-48.751)	/	2 )
=	115.131	/	-22.8005
=	-5.05

Nanavati Ventures (BOM:543522) 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.

Nanavati Ventures Receivables Turnover Related Terms

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Nanavati Ventures (BOM:543522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nanavati Ventures Ltd (BOM:543522) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

S-414, OM Plaza, Adarsh App. Co-operative housing society, Village: Vijalpor, Taluka: Jalalpore, Navsari, GJ, IND, 396445

Website

http://www.nventures.co.in

Nanavati Ventures Ltd is a diamond trading company. The company sells diamonds largely to a domestic customer base that includes jewellery manufacturers, large department store chains, retail stores, and wholesalers.

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