Vasa Denticity (NSE:DENTALKART) Receivables Turnover : 31.61 (As of Sep. 2023)

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What is Vasa Denticity 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. Vasa Denticity's Revenue for the six months ended in Sep. 2023 was ₹768.2 Mil. Vasa Denticity's average Accounts Receivable for the six months ended in Sep. 2023 was ₹24.3 Mil. Hence, Vasa Denticity's Receivables Turnover for the six months ended in Sep. 2023 was 31.61.

Vasa Denticity Receivables Turnover Historical Data

The historical data trend for Vasa Denticity'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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Vasa Denticity Receivables Turnover Chart

Vasa Denticity Annual Data

Trend

Mar20

Mar21

Mar22

Receivables Turnover

38.11

51.40

72.58

Vasa Denticity Semi-Annual Data
	Mar20	Mar21	Mar22	Sep23
Receivables Turnover	-	-	-	31.61

Competitive Comparison of Vasa Denticity's Receivables Turnover

For the Medical Distribution subindustry, Vasa Denticity'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.

Vasa Denticity's Receivables Turnover Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Vasa Denticity's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vasa Denticity's Receivables Turnover falls into.

Vasa Denticity Receivables Turnover Calculation

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

Vasa Denticity's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Receivables Turnover (A: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2022 )	/ (	(Accounts Receivable (A: Mar. 2021 )	+	Accounts Receivable (A: Mar. 2022 ))	/	count )
=	769.205	/ (	(7.612	+	13.583)	/	2 )
=	769.205	/	10.5975
=	72.58

Vasa Denticity's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	768.196	/ (	(13.583	+	35.016)	/	2 )
=	768.196	/	24.2995
=	31.61

Vasa Denticity (NSE:DENTALKART) 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.

Vasa Denticity Receivables Turnover Related Terms

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Vasa Denticity (NSE:DENTALKART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Vasa Denticity Ltd (NSE:DENTALKART) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Village, P.O. Chattarpur, Khasra No. 714, South Delhi, Delhi, IND, 110074

Website

https://www.dentalkart.com

Vasa Denticity Ltd is engaged in the business of marketing and distributing a comprehensive portfolio of dental products including consumables, instruments, equipment, and accessories for diagnosing, treating, and preventing dental conditions as well as improving the aesthetics of the human smile through our online portal Dentalkart.com. It operates an online channel housing approximately 300 domestic and international brands with a comprehensive product range of more than 10,000 dental products. sell a broad range of dental products including dental consumables such as adhesives, filling materials, and impression materials; dental equipment such as chairs, x-ray machines, and autoclaves; and dental instruments such as forceps, probes, and mirrors.

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