Osel Devices (NSE:OSELDEVICE) Receivables Turnover : 6.71 (As of Mar. 2024)

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What is Osel Devices 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. Osel Devices's Revenue for the six months ended in Mar. 2024 was ₹1,322 Mil. Osel Devices's average Accounts Receivable for the six months ended in Mar. 2024 was ₹197 Mil. Hence, Osel Devices's Receivables Turnover for the six months ended in Mar. 2024 was 6.71.

Osel Devices Receivables Turnover Historical Data

The historical data trend for Osel Devices'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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Osel Devices Receivables Turnover Chart

Osel Devices Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

8.18

7.12

6.78

6.71

Osel Devices Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Receivables Turnover	8.18	7.12	6.78	6.71

Competitive Comparison of Osel Devices's Receivables Turnover

For the Medical Devices subindustry, Osel Devices'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.

Osel Devices's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Osel Devices's Receivables Turnover distribution charts can be found below:

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

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Osel Devices Receivables Turnover Calculation

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

Osel Devices'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 )
=	1322.335	/ (	(128.343	+	265.543)	/	2 )
=	1322.335	/	196.943
=	6.71

Osel Devices'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: Mar. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1322.335	/ (	(128.343	+	265.543)	/	2 )
=	1322.335	/	196.943
=	6.71

Osel Devices (NSE:OSELDEVICE) 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.

Osel Devices Receivables Turnover Related Terms

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Osel Devices Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Osel Devices Ltd (NSE:OSELDEVICE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Plot No. 3, Sector Knowledge Park- III, Signature Tower First Floor, Sector 34, Gautam Buddha Nagar, Greater Noida, UP, IND, 201308

Website

Osel Devcies Ltd manufactures a comprehensive range of LED display systems and hearing aids. The company manufactures a comprehensive range of LED display systems including all major components for commercial use such as advertising media, billboards, corporate boardrooms, presentations, display promotions, command centers, and front signs. It also manufactures hearing aids, commonly known as health aids, to assist people with disabilities, the elderly, and the chronically ill who have low hearing levels. The company's main customer for hearing aids is the Artificial Limbs Manufacturing Corporation of India. Osel Devcies Generates the majority of revenue from Hearing Aids.

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