Novo Integrated Sciences Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the fourth quarter 2024 to a ratio of 3.82, above the company average. This is a clear sign of healthy business climate in the Auto & Truck Parts industry and improving liquidity at their respective customers, during the fourth quarter 2024. Average receivable collection period, for the Novo Integrated Sciences Inc in Aug 31 2024 quarter, has decreased to 96 days, compared to 101 days, in the May 31 2024 quarter.

If we take a look into Consumer Discretionary sector 147 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 2487, from overall ranking in the third quarter 2024 at 3225.

What is Receivable Turnover Ratio?
What is Novo Integrated Sciences Inc Selling?

What is Receivable Turnover Ratio?

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NVOS Receivables Turnover Ratio	(Aug 31 2024) IV. Quarter	(May 31 2024) III. Quarter	(Feb 29 2024) II. Quarter	(Nov 30 2023) I. Quarter	(Aug 31 2023) IV. Quarter
Y / Y Receivable Change	25.16 %	38.81 %	62.63 %	82.96 %	19.78 %
Y / Y Revenue Change	38.57 %	25.18 %	17.92 %	7.46 %	-
Receivable Turnover Ratio (TTM)	3.82	3.61	3.7	4	4.65
NVOS's Total Ranking	# 2487	# 3225	# 2841	# 2625	# 2625
Accounts Receivable average collection period days	95	101	99	91	78
Seq. Receivable Change	-4.33 %	2.89 %	-13.07 %	46.27 %	6.11 %
Seq. Revenue Change	58.01 %	24.65 %	-21.06 %	-10.88 %	42.75 %

Receivable Turnover Company Ranking
Within:	No.
Auto & Truck Parts Industry	# 40
Consumer Discretionary Sector	# 148
Overall Market	# 2487

Receivable Turnover Ratio Statistics
High	Average	Low
1.82	0.49	0.18
(Nov 30 2018)		(Feb 28 2022)

NVOS Company Profile • Back to NVOS Efficiency Comparisons • Compare NVOS Receivables Turnover Ratio to its Competitors

Financial Statements
Novo Integrated Sciences Inc 's Accounts Receivable	$ 3 Millions	Visit NVOS's Balance sheet
Novo Integrated Sciences Inc 's Sales TTM	$ 13 Millions	Visit NVOS's Income Statement
Sources of NVOS's Revenues		Visit NVOS's Sales by Geography

Other Accounts Receivable Turnover Ratios
Auto & Truck Parts Industry Accounts Receivable Turnover Trends and Statistics
Consumer Discretionary Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
NVOS's Receivable Turnover Ratio versus Auto & Truck Parts Industry, Consumer Discretionary Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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NVOS's Profitability Ratios	NVOS's Roi	NVOS's Asset Turnover Ratio	NVOS's Dividend Growth
NVOS's Valuation Ratios	NVOS's Roe	NVOS's Financial Strength Ratios	NVOS's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Aug 31 2024, within Consumer Discretionary Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Aug 31 2024	Receivable at quarter ending Aug 31 2024
Lkq Corporation	11.03	$ 14,499.000 Millions	$ 1,314.500 Millions
Capstone Green Energy Holdings Inc	10.94	$ 76.101 Millions	$ 6.958 Millions
Whirlpool Corp	10.85	$ 17,560.000 Millions	$ 1,618.750 Millions
Nike Inc	10.81	$ 50,012.000 Millions	$ 4,624.750 Millions
Flexsteel Industries Inc	10.50	$ 422.099 Millions	$ 40.193 Millions
Innovative Designs Inc	10.45	$ 1.383 Millions	$ 0.132 Millions
Brunswick Corporation	10.14	$ 5,444.100 Millions	$ 536.775 Millions
The Dixie Group Inc	10.04	$ 267.312 Millions	$ 26.627 Millions
Pvh Corp	9.89	$ 8,771.200 Millions	$ 887.025 Millions
Genuine Parts Co	9.75	$ 23,300.283 Millions	$ 2,388.763 Millions
Culp Inc	9.68	$ 221.970 Millions	$ 22.924 Millions
Levi Strauss and Co	9.20	$ 6,150.750 Millions	$ 668.900 Millions
Tpi Composites Inc	9.18	$ 1,285.389 Millions	$ 139.998 Millions
Federal Signal Corporation	9.06	$ 1,837.900 Millions	$ 202.875 Millions
Guess Inc	8.89	$ 2,951.971 Millions	$ 331.899 Millions
Worksport Ltd	8.68	$ 5.047 Millions	$ 0.581 Millions
The Toro Company	8.62	$ 4,583.300 Millions	$ 531.750 Millions
Allison Transmission Holdings Inc	8.41	$ 3,204.000 Millions	$ 381.000 Millions
Columbia Sportswear Company	8.36	$ 3,331.634 Millions	$ 398.455 Millions
Cummins Inc	8.31	$ 34,198.000 Millions	$ 4,114.000 Millions
Taitron Components Inc	8.25	$ 4.937 Millions	$ 0.599 Millions
Adient Plc	8.07	$ 14,688.000 Millions	$ 1,819.500 Millions
Traeger Inc	8.01	$ 598.716 Millions	$ 74.751 Millions
Fox Factory Holding Corp	8.00	$ 1,373.308 Millions	$ 171.623 Millions
Funko Inc	7.95	$ 1,047.357 Millions	$ 131.716 Millions
Cintas Corporation	7.88	$ 9,755.872 Millions	$ 1,238.261 Millions
Interface Inc	7.87	$ 1,306.795 Millions	$ 166.009 Millions
Fossil Group inc	7.78	$ 1,223.109 Millions	$ 157.270 Millions
Acushnet Holdings Corp	7.74	$ 2,424.029 Millions	$ 313.220 Millions
Lucid Group Inc	7.72	$ 730.510 Millions	$ 94.591 Millions

Date modified: 2026-06-22T14:32:40+00:00

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