Nesco (NSE:NESCO) Receivables Turnover : 12.43 (As of Sep. 2024)

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What is Nesco 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. Nesco's Revenue for the three months ended in Sep. 2024 was ₹1,921 Mil. Nesco's average Accounts Receivable for the three months ended in Sep. 2024 was ₹155 Mil. Hence, Nesco's Receivables Turnover for the three months ended in Sep. 2024 was 12.43.

Nesco Receivables Turnover Historical Data

The historical data trend for Nesco'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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Nesco Receivables Turnover Chart

Nesco Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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25.34

12.76

13.99

26.47

39.03

Nesco Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															8.85	9.00	15.58	11.65	12.43

Competitive Comparison of Nesco's Receivables Turnover

For the Conglomerates subindustry, Nesco'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.

Nesco's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nesco's Receivables Turnover distribution charts can be found below:

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

Nesco Receivables Turnover Calculation

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

Nesco'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 )
=	6781.849	/ (	(226.223	+	121.304)	/	2 )
=	6781.849	/	173.7635
=	39.03

Nesco's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	1921.038	/ (	(0	+	154.532)	/	1 )
=	1921.038	/	154.532
=	12.43

Nesco (NSE:NESCO) 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.

Nesco Receivables Turnover Related Terms

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Nesco Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nesco Ltd (NSE:NESCO) » Definitions » Receivables Turnover

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505355:India

Address

Western Express Highway, Nesco Center, Goregaon (East), Mumbai, MH, IND, 400 063

Website

https://www.nesco.in

Nesco Ltd has a diversified portfolio of business. The company's operating segment includes IT Park; Bombay Exhibition Centre; Industrial Capital Goods Division; Nesco Foods and others. It generates maximum revenue from the IT Park segment. IT Park segment includes licencing premises in IT park buildings and providing related services. Bombay Exhibition Center segment includes licencing premises for exhibitions and providing services to the organisers. The Industrial Capital Goods Division segment is involved in the manufacturing of machines and capital equipment. Nesco Foods segment includes hospitality and catering services.

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