Chennai Petroleum (BOM:500110) Receivables Turnover : 38.39 (As of Mar. 2024)

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What is Chennai Petroleum 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. Chennai Petroleum's Revenue for the three months ended in Mar. 2024 was ₹177,202 Mil. Chennai Petroleum's average Accounts Receivable for the three months ended in Mar. 2024 was ₹4,616 Mil. Hence, Chennai Petroleum's Receivables Turnover for the three months ended in Mar. 2024 was 38.39.

Chennai Petroleum Receivables Turnover Historical Data

The historical data trend for Chennai Petroleum'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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Chennai Petroleum Receivables Turnover Chart

Chennai Petroleum Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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42.45

138.07

191.48

278.53

174.65

Chennai Petroleum 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															60.30	49.37	12.56	13.19	38.39

Competitive Comparison of Chennai Petroleum's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Chennai Petroleum'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.

Chennai Petroleum's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Chennai Petroleum's Receivables Turnover falls into.

Chennai Petroleum Receivables Turnover Calculation

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

Chennai Petroleum'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 )
=	663857.3	/ (	(2986.7	+	4615.5)	/	2 )
=	663857.3	/	3801.1
=	174.65

Chennai Petroleum'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 )
=	177201.8	/ (	(0	+	4615.5)	/	1 )
=	177201.8	/	4615.5
=	38.39

Chennai Petroleum (BOM:500110) 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.

Chennai Petroleum Receivables Turnover Related Terms

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Chennai Petroleum (BOM:500110) Business Description

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CHENNPETRO:India

Address

New No. 536, Anna Salai, Teynampet, Chennai, TN, IND, 600 018

Website

https://www.cpcl.co.in

Chennai Petroleum Corp Ltd manufactures and supplies petrol products in India. The company has refineries in the following locations: Manali, Chennai and Panangudi Village, Nagapattinam District, Tamilnadu. The Manali refinery in India produces fuel, wax, lube, and petrochemical feedstock. The company also has a wax plant that produces paraffin wax for the manufacturing of candle wax, waterproof formulations, and match wax. Additionally, the company has a propylene plant which supplies petrochemical feedstock to neighbouring downstream industries. The company's main products include liquefied petroleum gas, motor spirit, superior kerosene oil, high-speed diesel, fuel oil, hexane, and petrochemical feedstocks. A large majority of sales are derived from petroleum products.

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