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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. Opto Circuits (India)'s Revenue for the
three
months ended in Jun. 2021 was ₹0.9 Mil. Opto Circuits (India)'s average Accounts Receivable for the
three
months ended in Jun. 2021 was ₹0.0 Mil.
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.
Opto Circuits (India) Receivables Turnover Related Terms
Opto Circuits (India) Receivables Turnover Historical Data
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The historical data trend for Opto Circuits (India)'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:OPTOCIRCUI vs ABT, MDT, SYK: Receivables Turnover Comparison
For the Medical Devices subindustry, Opto Circuits (India)'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.
Opto Circuits (India) Receivables Turnover vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Opto Circuits (India)'s Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Opto Circuits (India)'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.
Opto Circuits (India) (NSE:OPTOCIRCUI) has a Receivables Turnover of 0.00 as of Jun. 2021. 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 Opto Circuits (India) and its competitors.
Is Opto Circuits (India)'s Receivables Turnover too high?
Opto Circuits (India)'s current Receivables Turnover is 0.00. Overall, Opto Circuits (India) has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Opto Circuits (India)'s Receivables Turnover compare to ABT and MDT?
Opto Circuits (India)'s Receivables Turnover of 0.00 can be compared against companies in the Medical Devices & Instruments industry. The industry median Receivables Turnover is 5.51. 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 Medical Devices & Instruments company?
The median Receivables Turnover among Medical Devices & Instruments companies is 5.51, based on 811 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. 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 Opto Circuits (India) and its competitors. For the Medical Devices & Instruments industry, the median Receivables Turnover is 5.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Opto Circuits (India)'s current Receivables Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Opto Circuits (India) stock overvalued right now?
Opto Circuits (India) (NSE:OPTOCIRCUI) has a current Receivables Turnover of 0.00. The current Receivables Turnover is 0.00. Opto Circuits (India)'s overall GF Score™ is 4/100. 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 Opto Circuits (India) (NSE:OPTOCIRCUI), the current Receivables Turnover is 0.00 as of Jun. 2021. 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.
Opto Circuits (India) Ltd along with its subsidiaries are engaged in the design, development, manufacture, marketing, and distribution of a range of medical products. The company's product is used by the healthcare industry, schools, and fire stations. The service line of the company consists of providing vital signs monitoring, emergency cardiac care, vascular treatments, and sensing technologies. The business of the company operates in segments that include Sensors, Monitors, and Others. The Sensors segment generates maximum revenue for the company. Geographically the company exports its products to America, Europe, and Asia markets.
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