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RattanIndia Power (NSE:RTNPOWER) Receivables Turnover : 0.44 (As of Mar. 2024)


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What is RattanIndia Power 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. RattanIndia Power's Revenue for the three months ended in Mar. 2024 was ₹9,140 Mil. RattanIndia Power's average Accounts Receivable for the three months ended in Mar. 2024 was ₹20,643 Mil. Hence, RattanIndia Power's Receivables Turnover for the three months ended in Mar. 2024 was 0.44.


RattanIndia Power Receivables Turnover Historical Data

The historical data trend for RattanIndia Power'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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RattanIndia Power Receivables Turnover Chart

RattanIndia Power Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 0.89 1.46 1.29 1.48

RattanIndia Power 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.36 0.34 0.43 0.43 0.44

Competitive Comparison of RattanIndia Power's Receivables Turnover

For the Utilities - Renewable subindustry, RattanIndia Power'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.


RattanIndia Power's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, RattanIndia Power's Receivables Turnover distribution charts can be found below:

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



RattanIndia Power Receivables Turnover Calculation

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

RattanIndia Power'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 )
=33640 / ((24919.503 + 20642.6) / 2 )
=33640 / 22781.0515
=1.48

RattanIndia Power'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 )
=9139.6 / ((0 + 20642.6) / 1 )
=9139.6 / 20642.6
=0.44

* 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.


RattanIndia Power  (NSE:RTNPOWER) 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.


RattanIndia Power Receivables Turnover Related Terms

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RattanIndia Power (NSE:RTNPOWER) Business Description

Traded in Other Exchanges
Address
5th Floor, Tower-B, Worldmark-I, Aerocity, New Delhi, IND, 110037
RattanIndia Power Ltd is engaged in power generation and allied activities. The company is involved in dealing in power generation, distribution, trading, transmission, and other ancillary and incidental activities. It operates power projects, for generating and supplying all forms of electrical energy. The company operates its activities in India and derives its revenue from the supply of power. The company owns several businesses such as cocoblu, revolt, BankSe, NeoSky, Etc.

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