Oil & Natural Gas (BOM:500312) Receivables Turnover : 8.44 (As of Mar. 2024)

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What is Oil & Natural 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. Oil & Natural Gas's Revenue for the three months ended in Mar. 2024 was ₹1,667,706 Mil. Oil & Natural Gas's average Accounts Receivable for the three months ended in Mar. 2024 was ₹197,630 Mil. Hence, Oil & Natural Gas's Receivables Turnover for the three months ended in Mar. 2024 was 8.44.

Oil & Natural Gas Receivables Turnover Historical Data

The historical data trend for Oil & Natural 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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Oil & Natural Gas Receivables Turnover Chart

Oil & Natural Gas Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

32.28

24.12

30.21

36.10

33.39

Oil & Natural 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															8.75	8.74	7.24	8.16	8.44

Competitive Comparison of Oil & Natural Gas's Receivables Turnover

For the Oil & Gas Integrated subindustry, Oil & Natural 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.

Oil & Natural Gas's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Oil & Natural Gas's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Oil & Natural Gas's Receivables Turnover falls into.

Oil & Natural Gas Receivables Turnover Calculation

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

Oil & Natural 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 )
=	6430370.1	/ (	(187515.8	+	197629.5)	/	2 )
=	6430370.1	/	192572.65
=	33.39

Oil & Natural 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 )
=	1667706.3	/ (	(0	+	197629.5)	/	1 )
=	1667706.3	/	197629.5
=	8.44

Oil & Natural Gas (BOM:500312) 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.

Oil & Natural Gas Receivables Turnover Related Terms

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Oil & Natural Gas (BOM:500312) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil & Natural Gas Corp Ltd (BOM:500312) » Definitions » Receivables Turnover

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ONGC:India

Address

Plot No. 5A-5B, Nelson Mandela Road, Deendayal Urja Bhawan, Vasant Kunj, New Delhi, IND, 110070

Website

https://www.ongcindia.com

Oil & Natural Gas Corp Ltd is an Indian-based company. It engages in the exploration, development, and production of oil and natural gas. The company operates onshore and offshore fields globally through joint ventures and partnerships. Crude oil production has been the lead revenue generator, with Russian assets providing the most production. Apart from the exploration and production operations, it engages in the transportation and refining of hydrocarbon products. Oil and Natural Gas Corp carries out its business as a public sector undertaking for the Government of India.

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