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MIC ElectronicsNSE:MICEL +0.73%70 Receivables Turnover is 0.22 as of Jun. 2026. GuruFocus rates NSE:MICEL with a GF Score™ of 70/100. The stock has 1 warning sign investors should review. Among 2,467 Hardware companies, MIC Electronics ranks worse than 94.16% on this metric.
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. MIC Electronics's Revenue for the
three
months ended in Jun. 2026 was ₹437 Mil. MIC Electronics's average Accounts Receivable for the
three
months ended in Jun. 2026 was ₹1,959 Mil.
Hence, MIC Electronics's Receivables Turnover for the
three
months ended in Jun. 2026 was 0.22.
MIC Electronics (NSE:MICEL) 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.
MIC Electronics Receivables Turnover Related Terms
MIC Electronics Receivables Turnover Historical Data
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The historical data trend for MIC Electronics'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.
NSE:MICEL vs APH, GLW, TEL: Receivables Turnover Comparison
For the Electronic Components subindustry, MIC Electronics'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.
MIC Electronics Receivables Turnover vs Hardware Industry
For the Hardware industry and Technology sector, MIC Electronics's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where MIC Electronics'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.
MIC Electronics (NSE:MICEL) has a Receivables Turnover of 0.22 as of Jun. 2026. 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 MIC Electronics and its competitors. According to the industry distribution chart, MIC Electronics ranks #2323 out of 2467 companies in the Hardware industry, placing it in the top 94.2%.
Is MIC Electronics' Receivables Turnover too high?
MIC Electronics' current Receivables Turnover is 0.22. The Hardware industry median Receivables Turnover is 4.90. MIC Electronics' value of 0.22 is 95.5% below this industry median. Based on the distribution chart, MIC Electronics ranks #2323 out of 2467 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, MIC Electronics has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does MIC Electronics' Receivables Turnover compare to APH and GLW?
According to the Hardware industry distribution chart, MIC Electronics ranks #2323 out of 2467 companies for Receivables Turnover. This places MIC Electronics in the lower half of its industry. The industry median Receivables Turnover is 4.90. MIC Electronics' value of 0.22 is 95.5% 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 a Hardware company?
The median Receivables Turnover among Hardware companies is 4.90, based on 2,467 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. MIC Electronics's current Receivables Turnover of 0.22 is 95.5% 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 MIC Electronics and its competitors. For the Hardware industry, the median Receivables Turnover is 4.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIC Electronics's current Receivables Turnover is 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIC Electronics stock overvalued right now?
MIC Electronics (NSE:MICEL) has a current Receivables Turnover of 0.22. The current Receivables Turnover is 0.22 and 95.5% below the Hardware industry median of 4.90. MIC Electronics' overall GF Score™ is 70/100 with 1 warning sign to review. 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 MIC Electronics (NSE:MICEL), the current Receivables Turnover is 0.22 as of Jun. 2026. 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.
MIC Electronics Ltd designs, develops, and manufactures light-emitting diode (LED) video displays, and other electronic components. The operating segments of the group are LED products; Medical appliances and E Vehicles. Its products include LED lighting, LED displays, Oxygen concentrators, and Batteries. The company predominantly operates in India.
70GF Score
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