Name: Receivables Turnover

Definition: Receivables turnover tells you how quickly the company collects payments from customers after making sales on credit. A high turnover means customers pay on time and cash flows smoothly. Slow turnover suggests delayed collections, which can create cash shortages and financing stress.

Interpretation:
• In '2022', MIND's receivables turnover was 2.84, showing efficiency in collecting outstanding receivables. Industry average for Industrial Machinery/Components in '2022' stood at 4.72.
• In '2023', MIND's receivables turnover was 4.40, showing efficiency in collecting outstanding receivables. The increase since '2022' reflects strengthening financial performance. Industry average for Industrial Machinery/Components in '2023' stood at 4.78. Industry average increased by 0.06 compared to previous year.
• In '2024', MIND's receivables turnover was 7.44, showing efficiency in collecting outstanding receivables. The increase since '2023' reflects strengthening financial performance. Industry average for Industrial Machinery/Components in '2024' stood at 4.64. Industry average declined by 0.14 from previous year.
• In '2025', MIND's receivables turnover was 5.10, showing efficiency in collecting outstanding receivables. The decline from '2024' may indicate some operational or financial challenges. Industry average for Industrial Machinery/Components in '2025' stood at 4.28. Industry average declined by 0.36 from previous year.
Overall, MIND's receivables turnover has been volatile but showed an upward trend over the past 4 years.

Formula: Receivables Turnover = Net Credit Sales / Average Accounts Receivable

Good Range: Ranges 5 to 15 depending on credit terms.