Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Novatech Industries's Revenue for the
six
months ended in Dec. 2025 was €69.45 Mil. Novatech Industries's average Accounts Receivable for the
six
months ended in Dec. 2025 was €4.40 Mil.
Hence, Novatech Industries's Receivables Turnover for the
six
months ended in Dec. 2025 was 15.80.
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.
Novatech Industries Receivables Turnover Related Terms
Novatech Industries Receivables Turnover Historical Data
* Premium members only.
The historical data trend for Novatech Industries'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.
XPAR:MLNOV vs APH, GLW, TEL: Receivables Turnover Comparison
For the Electronic Components subindustry, Novatech Industries'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.
Novatech Industries Receivables Turnover vs Hardware Industry
For the Hardware industry and Technology sector, Novatech Industries's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Novatech Industries's Receivables Turnover falls into.
* 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.
Novatech Industries (XPAR:MLNOV) has a Receivables Turnover of 15.80 as of Dec. 2025. The accounts 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. View historical data on Novatech Industries and its competitors. According to the industry distribution chart, Novatech Industries ranks #107 out of 2469 companies in the Hardware industry, placing it in the top 4.3%.
Is Novatech Industries' Receivables Turnover too high?
Novatech Industries' current Receivables Turnover is 15.80. The Hardware industry median Receivables Turnover is 4.90. Novatech Industries' value of 15.80 is 222.4% above this industry median. Based on the distribution chart, Novatech Industries ranks #107 out of 2469 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Novatech Industries has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Novatech Industries' Receivables Turnover compare to APH and GLW?
According to the Hardware industry distribution chart, Novatech Industries ranks #107 out of 2469 companies for Receivables Turnover. This places Novatech Industries in the top 4% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 4.90. Novatech Industries' value of 15.80 is 222.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Hardware company?
The median Receivables Turnover among Hardware companies is 4.90, based on 2,469 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Novatech Industries's current Receivables Turnover of 15.80 is 222.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Novatech Industries and its competitors. For the Hardware industry, the median Receivables Turnover is 4.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novatech Industries's current Receivables Turnover is 15.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novatech Industries stock overvalued right now?
Based on GuruFocus' analysis, Novatech Industries (XPAR:MLNOV) is currently considered Modestly Overvalued. The stock's GF Value™ is €11.95, compared to a current price of €15.00 — trading 25.5% above its estimated fair value. The current Receivables Turnover is 15.80 and 222.4% above the Hardware industry median of 4.90. Novatech Industries' overall GF Score™ is 75/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Novatech Industries (XPAR:MLNOV), the current Receivables Turnover is 15.80 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Novatech Industries (XPAR:MLNOV) Overvalued in 2026?
Based on GuruFocus' analysis, Novatech Industries stock appears to be overvalued.
The current stock price of €15.00 is trading 25.5% above its estimated GF Value™ of €11.95.
GuruFocus considers Novatech Industries to be Modestly Overvalued.
Key valuation signals for XPAR:MLNOV:
Receivables Turnover: 15.80
GF Value™: €11.95 vs. price of €15.00 (25.5% above fair value)
Industry Position: 222.4% above the Hardware median (#107 of 2469)
No single metric tells the full story. See the XPAR:MLNOV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Novatech Industries is engaged in electronic sub-contracting services. It operates in two main activities: the assembly of electric components supplied by contractors and the manufacture of electronic cards.
75GF Score
Get the complete analysis for XPAR:MLNOV
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XPAR:MLNOV has been successfully added to your 
