INOX Green Energy Services (BOM:543667) Receivables Turnover : 0.46 (As of Mar. 2024)

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What is INOX Green Energy Services 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. INOX Green Energy Services's Revenue for the three months ended in Mar. 2024 was ₹603 Mil. INOX Green Energy Services's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,309 Mil. Hence, INOX Green Energy Services's Receivables Turnover for the three months ended in Mar. 2024 was 0.46.

INOX Green Energy Services Receivables Turnover Historical Data

The historical data trend for INOX Green Energy Services'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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INOX Green Energy Services Receivables Turnover Chart

INOX Green Energy Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

3.91

3.87

3.00

3.11

2.01

INOX Green Energy Services Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial						-	0.61	0.45	0.52	0.46

Competitive Comparison of INOX Green Energy Services's Receivables Turnover

For the Utilities - Renewable subindustry, INOX Green Energy Services'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.

INOX Green Energy Services's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where INOX Green Energy Services's Receivables Turnover falls into.

INOX Green Energy Services Receivables Turnover Calculation

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

INOX Green Energy Services'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 )
=	2242.6	/ (	(927.1	+	1309.1)	/	2 )
=	2242.6	/	1118.1
=	2.01

INOX Green Energy Services'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 )
=	603.4	/ (	(0	+	1309.1)	/	1 )
=	603.4	/	1309.1
=	0.46

INOX Green Energy Services (BOM:543667) 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.

INOX Green Energy Services Receivables Turnover Related Terms

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INOX Green Energy Services (BOM:543667) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » INOX Green Energy Services Ltd (BOM:543667) » Definitions » Receivables Turnover

Traded in Other Exchanges

INOXGREEN:India

Address

Inox Towers, Plot No. 17, Sector-16A, Noida, UP, IND, 201 301

Website

https://www.inoxgreen.com

INOX Green Energy Services Ltd is a wind power operation and maintenance (O&M) service providers within India. It is engaged in the business of providing long-term O&M services for wind projects, specifically the provision of O&M services for wind turbine generators and the common infrastructure facilities.

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