Vijaya Diagnostic Centre (NSE:VIJAYA) Receivables Turnover : 14.26 (As of Sep. 2024)

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What is Vijaya Diagnostic Centre 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. Vijaya Diagnostic Centre's Revenue for the three months ended in Sep. 2024 was ₹1,829 Mil. Vijaya Diagnostic Centre's average Accounts Receivable for the three months ended in Sep. 2024 was ₹128 Mil. Hence, Vijaya Diagnostic Centre's Receivables Turnover for the three months ended in Sep. 2024 was 14.26.

Vijaya Diagnostic Centre Receivables Turnover Historical Data

The historical data trend for Vijaya Diagnostic Centre'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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Vijaya Diagnostic Centre Receivables Turnover Chart

Vijaya Diagnostic Centre Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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39.56

51.21

56.10

47.66

42.57

Vijaya Diagnostic Centre Quarterly Data
	Mar19	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															13.52	12.92	9.54	9.62	14.26

Competitive Comparison of Vijaya Diagnostic Centre's Receivables Turnover

For the Diagnostics & Research subindustry, Vijaya Diagnostic Centre'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.

Vijaya Diagnostic Centre's Receivables Turnover Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Vijaya Diagnostic Centre's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vijaya Diagnostic Centre's Receivables Turnover falls into.

Vijaya Diagnostic Centre Receivables Turnover Calculation

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

Vijaya Diagnostic Centre'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 )
=	5475.791	/ (	(94.887	+	162.397)	/	2 )
=	5475.791	/	128.642
=	42.57

Vijaya Diagnostic Centre'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 )
=	1829.482	/ (	(0	+	128.261)	/	1 )
=	1829.482	/	128.261
=	14.26

Vijaya Diagnostic Centre (NSE:VIJAYA) 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.

Vijaya Diagnostic Centre Receivables Turnover Related Terms

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Vijaya Diagnostic Centre Business Description

Industry

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543350:India

Address

Ground Floor, FPAI Building, No 6-3-883/F, Punjagutta Officers Colony, Near Topaz Building, Hyderabad, TG, IND, 500 082

Website

https://www.vijayadiagnostic.com

Vijaya Diagnostic Centre Ltd operates a diagnostic chain in Southern India. The company offers a one-stop solution for pathology and radiology testing services. It provides routine tests, specialized pathology tests, basic tests, and advanced radiology tests. The company also offers a broad spectrum of customized health and wellness packages to its customers. The company's revenue comes from many diagnostic centers, where high-volume sales drive its earnings. The Company operates within India. The company's operations fall within a single business segment, which is Diagnostic Services.

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