Navneet Education (NSE:NAVNETEDUL) Receivables Turnover : 1.18 (As of Mar. 2024)

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What is Navneet Education 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. Navneet Education's Revenue for the three months ended in Mar. 2024 was ₹4,353 Mil. Navneet Education's average Accounts Receivable for the three months ended in Mar. 2024 was ₹3,673 Mil. Hence, Navneet Education's Receivables Turnover for the three months ended in Mar. 2024 was 1.18.

Navneet Education Receivables Turnover Historical Data

The historical data trend for Navneet Education'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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Navneet Education Receivables Turnover Chart

Navneet Education Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.28

3.60

5.08

5.92

5.01

Navneet Education Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.98	1.23	2.39	-	1.18

Competitive Comparison of Navneet Education's Receivables Turnover

For the Publishing subindustry, Navneet Education'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.

Navneet Education's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Navneet Education's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Navneet Education's Receivables Turnover falls into.

Navneet Education Receivables Turnover Calculation

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

Navneet Education'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 )
=	17512.7	/ (	(3313.8	+	3673.3)	/	2 )
=	17512.7	/	3493.55
=	5.01

Navneet Education'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	4352.8	/ (	(0	+	3673.3)	/	1 )
=	4352.8	/	3673.3
=	1.18

Navneet Education (NSE:NAVNETEDUL) 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.

Navneet Education Receivables Turnover Related Terms

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Navneet Education (NSE:NAVNETEDUL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Navneet Education Ltd (NSE:NAVNETEDUL) » Definitions » Receivables Turnover

Traded in Other Exchanges

508989:India

Address

Bhavani Shankar Road, Navneet Bhavan, Near Shardashram Society, Dadar (West), Mumbai, MH, IND, 400028

Website

https://www.navneet.com

Navneet Education Ltd is engaged in the publication of knowledge-based information in educational and general books form as well as in electronic media and manufacturing of paper and other stationery items. The company provides educational syllabus-based content in print & digital mediums, manufactures scholastic paper stationery, publishes general and children's books and also Scholastic Non-Paper Stationary products including various titles in the Children and General books category, which are not based on the syllabus. It markets its products under the brand name Navneet, Vikas, Gala, Grafalco, FfUuNn and Boss. The company manages its business in segments namely Publication, Stationery and Others. It has a business presence in India and other countries.

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