Hub Power Co (KAR:HUBC) Receivables Turnover : 0.31 (As of Mar. 2024)

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What is Hub Power Co 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. Hub Power Co's Revenue for the three months ended in Mar. 2024 was ₨31,791 Mil. Hub Power Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₨103,961 Mil. Hence, Hub Power Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.31.

Hub Power Co Receivables Turnover Historical Data

The historical data trend for Hub Power Co'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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Hub Power Co Receivables Turnover Chart

Hub Power Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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0.63

0.52

0.54

1.04

1.33

Hub Power Co 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															0.29	0.35	0.35	0.29	0.31

Competitive Comparison of Hub Power Co's Receivables Turnover

For the Utilities - Independent Power Producers subindustry, Hub Power Co'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.

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

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

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

Hub Power Co Receivables Turnover Calculation

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

Hub Power Co's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	114263.041	/ (	(84749.156	+	86751.48)	/	2 )
=	114263.041	/	85750.318
=	1.33

Hub Power Co'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 )
=	31791.032	/ (	(103497.296	+	104425.02)	/	2 )
=	31791.032	/	103961.158
=	0.31

Hub Power Co (KAR:HUBC) 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.

Hub Power Co Receivables Turnover Related Terms

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Hub Power Co (KAR:HUBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Hub Power Co Ltd (KAR:HUBC) » Definitions » Receivables Turnover

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Address

G-3, Block-9, Main Clifton Road, P.O. Box No. 13841, 9th Floor, Ocean Tower, Karachi, PAK, 75600

Website

https://www.hubpower.com

Hub Power Co Ltd is a part of the energy sector in Pakistan. It is the independent power producers that supplies reliable and uninterrupted electricity to the National grid. The company has four segments, which are power generation business, which includes the Hub plant, Narowal plant, Laraib plant & Thar plant, operations and maintenance business and investments in CPHGC, TEL, TNPTL, SECMC, Prime and CPHO. The company derives the majority of its revenue through the Hub, and thar plant segment, which deals with the generation of power.