Nova (NVMI) Receivables Turnover : 1.35 (As of Mar. 2024)

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What is Nova 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. Nova's Revenue for the three months ended in Mar. 2024 was $141.8 Mil. Nova's average Accounts Receivable for the three months ended in Mar. 2024 was $105.3 Mil. Hence, Nova's Receivables Turnover for the three months ended in Mar. 2024 was 1.35.

Nova Receivables Turnover Historical Data

The historical data trend for Nova'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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Nova Receivables Turnover Chart

Nova Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.28

4.69

6.32

6.42

4.70

Nova 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															1.26	1.33	1.47	1.32	1.35

Competitive Comparison of Nova's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, Nova'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.

Nova's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Nova's Receivables Turnover distribution charts can be found below:

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

Nova Receivables Turnover Calculation

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

Nova'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 )
=	517.922	/ (	(109.32	+	111.256)	/	2 )
=	517.922	/	110.288
=	4.70

Nova'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 )
=	141.798	/ (	(111.256	+	99.394)	/	2 )
=	141.798	/	105.325
=	1.35

Nova (NAS:NVMI) 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.

Nova Receivables Turnover Related Terms

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Nova (NVMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nova Ltd (NAS:NVMI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

NVMI:Israel NMR:Germany

Address

5 David Fikes Street, Rehovot, ISR, 7632805

Website

https://www.novami.com

Nova Ltd is a semiconductor equipment manufacturer. The company provides metrology solutions for process control used in semiconductor manufacturing. The company offers in-line optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems. The product range consists of Nova 2040, Nova 3090Next, Nova i500 and i500 Plus, Nova T500, Nova T600, Nova V2600, HelioSense 100, Nova Hybrid Metrology solution, NovaMars. The company generates majority of its revenue from Taiwan, R.O.C. Geographically the company has its business spread across the region of Taiwan, Korea, China, the United States, and Europe.

Executives

Marxe Austin W & Greenhouse David M

10 percent owner

C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022