IRM Energy (NSE:IRMENERGY) Receivables Turnover : 5.82 (As of Mar. 2024)

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What is IRM Energy 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. IRM Energy's Revenue for the three months ended in Mar. 2024 was ₹2,142 Mil. IRM Energy's average Accounts Receivable for the three months ended in Mar. 2024 was ₹368 Mil. Hence, IRM Energy's Receivables Turnover for the three months ended in Mar. 2024 was 5.82.

IRM Energy Receivables Turnover Historical Data

The historical data trend for IRM Energy'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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IRM Energy Receivables Turnover Chart

IRM Energy Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

16.88

29.87

31.96

23.61

IRM Energy Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial					6.30	5.86	5.20	5.04	5.82

Competitive Comparison of IRM Energy's Receivables Turnover

For the Utilities - Regulated Gas subindustry, IRM Energy'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.

IRM Energy's Receivables Turnover Distribution in the Utilities - Regulated Industry

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

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

IRM Energy Receivables Turnover Calculation

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

IRM Energy'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 )
=	8905.17	/ (	(386.23	+	368.01)	/	2 )
=	8905.17	/	377.12
=	23.61

IRM Energy'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 )
=	2142.46	/ (	(0	+	368.01)	/	1 )
=	2142.46	/	368.01
=	5.82

IRM Energy (NSE:IRMENERGY) 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.

IRM Energy Receivables Turnover Related Terms

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IRM Energy (NSE:IRMENERGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » IRM Energy Ltd (NSE:IRMENERGY) » Definitions » Receivables Turnover

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Traded in Other Exchanges

544004:India

Address

S.G. Highway, Corporate Park, Near Sola Bridge, 4th Floor, Block 8, Magnet, Thaltej, Ahmedabad, GJ, IND, 380054

Website

https://www.irmenergy.com

IRM Energy Ltd is a gas distribution company. It is involved in developing, operating, and expanding of local natural gas distribution network. IRM Energy is a value-driven energy enterprise serving industrial, commercial, domestic, and automobile customers.

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