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Novavis Group (WAR:NVG) Receivables Turnover : 12.27 (As of Sep. 2024)


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What is Novavis Group 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. Novavis Group's Revenue for the three months ended in Sep. 2024 was zł0.18 Mil. Novavis Group's average Accounts Receivable for the three months ended in Sep. 2024 was zł0.02 Mil. Hence, Novavis Group's Receivables Turnover for the three months ended in Sep. 2024 was 12.27.

Novavis Group Receivables Turnover Historical Data

The historical data trend for Novavis Group'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.

* Premium members only.

Novavis Group Receivables Turnover Chart

Novavis Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 2.91 5.54 16.26 709.00

Novavis Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 148.00 99.67 192.73 25.53 12.27

Competitive Comparison of Novavis Group's Receivables Turnover

For the Capital Markets subindustry, Novavis Group'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.

Novavis Group's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Novavis Group's Receivables Turnover distribution charts can be found below:

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


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Novavis Group Receivables Turnover Calculation

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

Novavis Group's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=10.635 / ((0 + 0.015) / 1 )
=10.635 / 0.015
=709.00

Novavis Group'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 )
=0.184 / ((0.015 + 0.015) / 2 )
=0.184 / 0.015
=12.27

* 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.

Novavis Group  (WAR:NVG) 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.

Novavis Group Receivables Turnover Related Terms

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Novavis Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Novavis Group SA (WAR:NVG) » Definitions » Receivables Turnover
Comparable Companies
WAR:LET WAR:NWA WAR:IDM WAR:SKL WAR:INC WAR:RNC WAR:DIV WAR:IPE WAR:NTC WAR:MVR MS GS SCHW SHSE:600030 ASX:MQG HOOD SHSE:601211 BSP:BPAC3 TW LPLA
Traded in Other Exchanges
N/A
Address
5th Park Avenue, Ulica Wspolna 70, Warsaw, POL, 00-687
Website
https://www.novavisgroup.pl
Novavis Group SA, formerly Rubicon Partners Spolka Akcyjna is an independent investment banking services provider dedicated to both Polish and international Clients. It also invests on own account, primarily in innovative start-up projects. The company provides tailor-made services to the different needs of clients and assists in all types of merger and acquisition projects, arrange finance for investment initiatives on both private and public markets.