Vinyas Innovative Technologies (NSE:VINYAS) Receivables Turnover : 6.01 (As of Mar. 2023)

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What is Vinyas Innovative Technologies 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. Vinyas Innovative Technologies's Revenue for the six months ended in Mar. 2023 was ₹2,345 Mil. Vinyas Innovative Technologies's average Accounts Receivable for the six months ended in Mar. 2023 was ₹390 Mil. Hence, Vinyas Innovative Technologies's Receivables Turnover for the six months ended in Mar. 2023 was 6.01.

Vinyas Innovative Technologies Receivables Turnover Historical Data

The historical data trend for Vinyas Innovative Technologies'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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Vinyas Innovative Technologies Receivables Turnover Chart

Vinyas Innovative Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

7.05

4.82

6.01

Vinyas Innovative Technologies Semi-Annual Data
	Mar21	Mar22	Mar23
Receivables Turnover	7.05	4.82	6.01

Competitive Comparison of Vinyas Innovative Technologies's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Vinyas Innovative Technologies'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.

Vinyas Innovative Technologies's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vinyas Innovative Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vinyas Innovative Technologies's Receivables Turnover falls into.

Vinyas Innovative Technologies Receivables Turnover Calculation

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

Vinyas Innovative Technologies's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	2345.24	/ (	(570.718	+	209.511)	/	2 )
=	2345.24	/	390.1145
=	6.01

Vinyas Innovative Technologies's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	2345.24	/ (	(570.718	+	209.511)	/	2 )
=	2345.24	/	390.1145
=	6.01

Vinyas Innovative Technologies (NSE:VINYAS) 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.

Vinyas Innovative Technologies Receivables Turnover Related Terms

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Vinyas Innovative Technologies (NSE:VINYAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vinyas Innovative Technologies Ltd (NSE:VINYAS) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Plot No. 19, Survey No. 26 & 273-P, 3rd Phase, Koorgalli Industrial Area, Ilawala Hobali, Mysore, KA, IND, 570018

Website

https://www.vinyasit.com

Vinyas Innovative Technologies Ltd is a provider of design, engineering and electronics manufacturing services catering to global Original Equipment Manufacturers and Original Design Manufacturers in the Electronic Industry. As an integrated electronic manufacturing services provider, the Company offers a broad range of products and services across multiple industry segments. With wide industry knowledge, cutting-edge technologies & state-of-the-art infrastructure, Vinyas supports its Global partners from conceptualizing the design, engineering, and manufacturing to turnkey requirements for mission-critical applications.

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