Morepen Laboratories (NSE:MOREPENLAB) Receivables Turnover : 1.43 (As of Mar. 2025)

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What is Morepen Laboratories 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. Morepen Laboratories's Revenue for the three months ended in Mar. 2025 was ₹4,659 Mil. Morepen Laboratories's average Accounts Receivable for the three months ended in Mar. 2025 was ₹3,248 Mil. Hence, Morepen Laboratories's Receivables Turnover for the three months ended in Mar. 2025 was 1.43.

Morepen Laboratories Receivables Turnover Historical Data

The historical data trend for Morepen Laboratories'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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Morepen Laboratories Receivables Turnover Chart

Morepen Laboratories Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Receivables Turnover

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7.35

7.13

5.50

5.75

5.58

Morepen Laboratories Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															1.30	1.40	1.46	1.51	1.43

Competitive Comparison of Morepen Laboratories's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Morepen Laboratories'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.

Morepen Laboratories's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Morepen Laboratories's Receivables Turnover falls into.

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Morepen Laboratories Receivables Turnover Calculation

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

Morepen Laboratories's Receivables Turnover for the fiscal year that ended in Mar. 2025 is calculated as

	Receivables Turnover (A: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2025 )	/ (	(Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Mar. 2025 ))	/	count )
=	18115.758	/ (	(3249.381	+	3247.634)	/	2 )
=	18115.758	/	3248.5075
=	5.58

Morepen Laboratories's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	4658.533	/ (	(0	+	3247.634)	/	1 )
=	4658.533	/	3247.634
=	1.43

Morepen Laboratories (NSE:MOREPENLAB) 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.

Morepen Laboratories Receivables Turnover Related Terms

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Morepen Laboratories Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Morepen Laboratories Ltd (NSE:MOREPENLAB) » Definitions » Receivables Turnover

Traded in Other Exchanges

500288:India

Address

Udyog Vihar-III, Sector-20, 2nd Floor, Tower C, DLF Cyber Park, Gurugram, HR, IND, 122016

Website

https://www.morepen.com

Morepen Laboratories Ltd is in the business of manufacturing, producing, developing, and marketing various Active Pharmaceutical Ingredients (APIs), branded and generic formulations, and also Home Health products. Some of the products offered by the company include various drug formulations, APIs, digital thermometers, heat belts, pulse oximeters, nutritional tablets, pain sprays, and others. The company operates in a single segment namely, Pharmaceuticals. Geographically, the company derives maximum revenue from India and the rest from the United States of America, and the Rest of the world.

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