National Investment Trust (XMAU:NIT) Receivables Turnover : 0.00 (As of Mar. 2024)

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What is National Investment Trust 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. National Investment Trust's Revenue for the three months ended in Mar. 2024 was MUR2.08 Mil. National Investment Trust's average Accounts Receivable for the three months ended in Mar. 2024 was MUR0.00 Mil.

National Investment Trust Receivables Turnover Historical Data

The historical data trend for National Investment Trust'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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National Investment Trust Receivables Turnover Chart

National Investment Trust Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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89.11

86.49

National Investment Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of National Investment Trust's Receivables Turnover

For the Asset Management subindustry, National Investment Trust'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.

National Investment Trust's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, National Investment Trust's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where National Investment Trust's Receivables Turnover falls into.

National Investment Trust Receivables Turnover Calculation

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

National Investment Trust's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	26.848	/ (	(0	+	0)	/	1 )
=	26.848	/	0
=	N/A

National Investment Trust'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2.08	/ (	(0	+	0)	/	1 )
=	2.08	/	0
=	N/A

National Investment Trust (XMAU:NIT) 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.

National Investment Trust Receivables Turnover Related Terms

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National Investment Trust (XMAU:NIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » National Investment Trust Ltd (XMAU:NIT) » Definitions » Receivables Turnover

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N/A

Address

Sir William Newton Street, Level 8, Newton Tower, Port Louis, MUS, 11328

Website

https://www.nitmru.com

National Investment Trust Ltd is a closed-end fund. It invests in shares and securities in both the local and international markets. The investment objective of the NIT Local Equity Fund is to produce both income and capital growth from a diversified portfolio of domestic securities. The company has eight Funds under namely, the NIT Local Equity Fund, NIT Global Opportunities Fund, NIT North America Fund, NIT Europe Fund, NIT Emerging Markets Fund, NIT Global Healthcare Fund, NIT Global Bond Fund and the NIT Global Value.

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