Net Avenue Technologies (NSE:CBAZAAR) Receivables Turnover : 31.60 (As of Mar. 2024)

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What is Net Avenue Technologies 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. Net Avenue Technologies's Revenue for the six months ended in Mar. 2024 was ₹261.9 Mil. Net Avenue Technologies's average Accounts Receivable for the six months ended in Mar. 2024 was ₹8.3 Mil. Hence, Net Avenue Technologies's Receivables Turnover for the six months ended in Mar. 2024 was 31.60.

Net Avenue Technologies Receivables Turnover Historical Data

The historical data trend for Net Avenue Technologies'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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Net Avenue Technologies Receivables Turnover Chart

Net Avenue Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

19.33

48.26

35.86

31.60

Net Avenue Technologies Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Receivables Turnover	19.33	48.26	35.86	31.60

Competitive Comparison of Net Avenue Technologies's Receivables Turnover

For the Internet Retail subindustry, Net Avenue Technologies'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.

Net Avenue Technologies's Receivables Turnover Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Net Avenue Technologies's Receivables Turnover falls into.

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Net Avenue Technologies Receivables Turnover Calculation

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

Net Avenue Technologies'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 )
=	261.872	/ (	(12.843	+	3.732)	/	2 )
=	261.872	/	8.2875
=	31.60

Net Avenue Technologies'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: Mar. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	261.872	/ (	(12.843	+	3.732)	/	2 )
=	261.872	/	8.2875
=	31.60

Net Avenue Technologies (NSE:CBAZAAR) 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.

Net Avenue Technologies Receivables Turnover Related Terms

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Net Avenue Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Net Avenue Technologies Ltd (NSE:CBAZAAR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Floor Prithvi Avenue, New No. 16, Old No. 13, 1st, Alwarpet, Chennai, TN, IND, 600018

Website

https://www.natl.in

Net Avenue Technologies Ltd is engaged in online digital direct-to-consumer business for Indian Ethnic wear and accessories. Its core business sells Indian Ethnic wear and accessories, catering to the South Asian Diaspora and its product range includes Indian ethnic wear and accessories for women, men, teens, and kids. The company distributes its products through various prominent E-commerce platforms, including but not limited to Myntra, Nykaa, and Ajio, among others.

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