Medico Remedies (BOM:540937) Receivables Turnover

: 0.53 (As of Dec. 2023)

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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. Medico Remedies's Revenue for the three months ended in Dec. 2023 was ₹298 Mil. Medico Remedies's average Accounts Receivable for the three months ended in Dec. 2023 was ₹560 Mil. Hence, Medico Remedies's Receivables Turnover for the three months ended in Dec. 2023 was 0.53.

Medico Remedies Receivables Turnover Historical Data

The historical data trend for Medico Remedies'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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Medico Remedies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

4.24

3.35

4.75

4.15

4.17

Medico Remedies Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover																0.91	0.72	0.87	0.76	0.53

Competitive Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Medico Remedies'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.

Medico Remedies Receivables Turnover Distribution

For the Drug Manufacturers industry and Healthcare sector, Medico Remedies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Medico Remedies's Receivables Turnover falls into.

Medico Remedies Receivables Turnover Calculation

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

Medico Remedies'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 )
=	1384.981	/ (	(303.943	+	360.949)	/	2 )
=	1384.981	/	332.446
=	4.17

Medico Remedies's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	297.722	/ (	(559.961	+	0)	/	1 )
=	297.722	/	559.961
=	0.53

Medico Remedies (BOM:540937) 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.

Medico Remedies Receivables Turnover Related Terms

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Medico Remedies (BOM:540937) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Medico Remedies Ltd (BOM:540937) » Definitions » Receivables Turnover

Traded in Other Exchanges

MEDICO:India

Address

N. S. Phadke Marg, Opposite Teligali, 1105/1106, 11th Floor, Hubtown Solaris, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.medicoremedies.com

Medico Remedies Ltd is a manufacturer, supplier, and exporter of pharmaceutical drugs. It focuses on the production and marketing of anti-infective, cephalosporins, antimalarial, antiretroviral, anti-ulcer drugs and antacids, vitamins, haematinics, and other supplements. In addition, it also sells other drugs such as antihistaminic, antidiabetics, cardiovascular drugs, diuretics, anti-epileptics, combination drug kits, syrups and cream, and gel for various therapeutic segments.

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