POWERGRID Infrastructure Investment Trust (BOM:543290) Receivables Turnover : 0.97 (As of Mar. 2023)

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What is POWERGRID Infrastructure Investment Trust 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. POWERGRID Infrastructure Investment Trust's Revenue for the three months ended in Mar. 2023 was ₹3,171 Mil. POWERGRID Infrastructure Investment Trust's average Accounts Receivable for the three months ended in Mar. 2023 was ₹3,263 Mil. Hence, POWERGRID Infrastructure Investment Trust's Receivables Turnover for the three months ended in Mar. 2023 was 0.97.

POWERGRID Infrastructure Investment Trust Receivables Turnover Historical Data

The historical data trend for POWERGRID Infrastructure Investment Trust'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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POWERGRID Infrastructure Investment Trust Receivables Turnover Chart

POWERGRID Infrastructure Investment Trust Annual Data

Trend

Mar18

Mar19

Mar20

Mar22

Mar23

Receivables Turnover

6.78

11.52

9.05

4.80

3.90

POWERGRID Infrastructure Investment Trust Quarterly Data
	Mar18	Mar19	Mar20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Receivables Turnover	Get a 7-Day Free Trial							1.11	0.96	-	-	0.97

Competitive Comparison of POWERGRID Infrastructure Investment Trust's Receivables Turnover

For the Utilities - Independent Power Producers subindustry, POWERGRID Infrastructure Investment Trust'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.

POWERGRID Infrastructure Investment Trust's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where POWERGRID Infrastructure Investment Trust's Receivables Turnover falls into.

POWERGRID Infrastructure Investment Trust Receivables Turnover Calculation

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

POWERGRID Infrastructure Investment Trust's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	12857.85	/ (	(3334.77	+	3263.05)	/	2 )
=	12857.85	/	3298.91
=	3.90

POWERGRID Infrastructure Investment Trust's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	3171.44	/ (	(0	+	3263.05)	/	1 )
=	3171.44	/	3263.05
=	0.97

POWERGRID Infrastructure Investment Trust (BOM:543290) 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.

POWERGRID Infrastructure Investment Trust Receivables Turnover Related Terms

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POWERGRID Infrastructure Investment Trust (BOM:543290) Business Description

Industry

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Traded in Other Exchanges

PGINVIT:India

Address

Plot No. 2, Sector 29, Gurgaon, HR, IND, 122 001

Website

http://www.pginvit.in

POWERGRID Infrastructure Investment Trust own, construct, operate, maintain and invest as an infrastructure investment trust as permissible in terms of the InvIT Regulations, including in power transmission assets in India. Its primary business segment is namely power transmission network for the transmission system.

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