Gujarat Gas (BOM:539336) Receivables Turnover : 4.01 (As of Mar. 2024)

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What is Gujarat Gas 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. Gujarat Gas's Revenue for the three months ended in Mar. 2024 was ₹41,342 Mil. Gujarat Gas's average Accounts Receivable for the three months ended in Mar. 2024 was ₹10,298 Mil. Hence, Gujarat Gas's Receivables Turnover for the three months ended in Mar. 2024 was 4.01.

Gujarat Gas Receivables Turnover Historical Data

The historical data trend for Gujarat Gas'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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Gujarat Gas Receivables Turnover Chart

Gujarat Gas Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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20.11

15.95

20.77

19.23

16.37

Gujarat Gas 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															4.43	4.26	3.79	3.87	4.01

Competitive Comparison of Gujarat Gas's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Gujarat Gas'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.

Gujarat Gas's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Gujarat Gas's Receivables Turnover distribution charts can be found below:

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

Gujarat Gas Receivables Turnover Calculation

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

Gujarat Gas's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	156901.9	/ (	(8871.1	+	10298.4)	/	2 )
=	156901.9	/	9584.75
=	16.37

Gujarat Gas'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 )
=	41341.8	/ (	(0	+	10298.4)	/	1 )
=	41341.8	/	10298.4
=	4.01

Gujarat Gas (BOM:539336) 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.

Gujarat Gas Receivables Turnover Related Terms

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Gujarat Gas (BOM:539336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Gujarat Gas Ltd (BOM:539336) » Definitions » Receivables Turnover

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GUJGASLTD:India

Address

2, Shanti Sadan Society, Near Parimal Garden, Ellisbridge, Ahmedabad, GJ, IND, 380 006

Website

https://www.gujaratgas.com

Gujarat Gas Ltd is an India based gas distribution company. Its activities include sale, purchase, supply, distribution, transport, trading in Natural Gas, Compressed natural gas, Liquefied natural gas, Liquefied petroleum gas and other gaseous forms. The company transports the gas through pipelines, trucks, trains or other suitable mode for transportation. It operates in the segment of the natural gas business. All the business activities of the company are carried out in India.

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