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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. Novus Robotics's Revenue for the
three
months ended in Mar. 2019 was $0.88 Mil. Novus Robotics's average Accounts Receivable for the
three
months ended in Mar. 2019 was $0.40 Mil.
Hence, Novus Robotics's Receivables Turnover for the
three
months ended in Mar. 2019 was 2.18.
Novus Robotics (OTCPK:NRBT) 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.
Novus Robotics Receivables Turnover Related Terms
Novus Robotics Receivables Turnover Historical Data
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The historical data trend for Novus Robotics'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.
For the Specialty Industrial Machinery subindustry, Novus Robotics'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.
Novus Robotics Receivables Turnover vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Novus Robotics's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Novus Robotics's Receivables Turnover falls into.
* 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.
Novus Robotics (NRBT) has a Receivables Turnover of 2.18 as of Mar. 2019. The accounts 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. View historical data on Novus Robotics and its competitors.
Is Novus Robotics' Receivables Turnover too high?
Novus Robotics' current Receivables Turnover is 2.18. The Industrial Products industry median Receivables Turnover is 4.45. Novus Robotics' value of 2.18 is 51% below this industry median. Overall, Novus Robotics has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Novus Robotics' Receivables Turnover compare to SEII?
Novus Robotics' Receivables Turnover of 2.18 can be compared against companies in the Industrial Products industry. The industry median Receivables Turnover is 4.45. Novus Robotics' value of 2.18 is 51% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Industrial Products company?
The median Receivables Turnover among Industrial Products companies is 4.45, based on 3,033 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Novus Robotics's current Receivables Turnover of 2.18 is 51% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Novus Robotics and its competitors. For the Industrial Products industry, the median Receivables Turnover is 4.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novus Robotics's current Receivables Turnover is 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novus Robotics stock overvalued right now?
Novus Robotics (NRBT) has a current Receivables Turnover of 2.18. The current Receivables Turnover is 2.18 and 51% below the Industrial Products industry median of 4.45. Novus Robotics' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Novus Robotics (NRBT), the current Receivables Turnover is 2.18 as of Mar. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Novus Robotics Inc is involved in engineering, designing, and manufacturing robotics and automation solutions for tube forming machines. It provides state of the art technology for the Automotive Industry in passenger seating and for Aluminum applications for automotive panels and bumpers. The company also makes precision components using its manufacturing systems, knowledge, and technology.
12GF Score
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