Indian Oil (NSE:IOC) Receivables Turnover : 14.36 (As of Mar. 2024)

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What is Indian Oil 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. Indian Oil's Revenue for the three months ended in Mar. 2024 was ₹1,986,498 Mil. Indian Oil's average Accounts Receivable for the three months ended in Mar. 2024 was ₹138,315 Mil. Hence, Indian Oil's Receivables Turnover for the three months ended in Mar. 2024 was 14.36.

Indian Oil Receivables Turnover Historical Data

The historical data trend for Indian Oil'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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Indian Oil Receivables Turnover Chart

Indian Oil Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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32.93

26.71

36.08

48.14

51.58

Indian Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															12.05	12.53	12.36	15.69	14.36

Competitive Comparison of Indian Oil's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Indian Oil'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.

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

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

* The bar in red indicates where Indian Oil's Receivables Turnover falls into.

Indian Oil Receivables Turnover Calculation

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

Indian Oil'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 )
=	7763518.5	/ (	(162712.1	+	138314.5)	/	2 )
=	7763518.5	/	150513.3
=	51.58

Indian Oil'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 )
=	1986497.6	/ (	(0	+	138314.5)	/	1 )
=	1986497.6	/	138314.5
=	14.36

Indian Oil (NSE:IOC) 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.

Indian Oil Receivables Turnover Related Terms

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Indian Oil (NSE:IOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Indian Oil Corp Ltd (NSE:IOC) » Definitions » Receivables Turnover

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530965:India

Address

J.B. Tito Marg, 3079/3, Sadiq Nagar, New Delhi, IND, 110 049

Website

https://www.iocl.com

Indian Oil Corp Ltd conducts business across the energy value chain as India's national oil company. The Petroleum Products business generates the majority of the group's revenue. Indian Oil pursues exploration and production opportunities both domestically and internationally. Sale of Petrochemicals , Other operating segment of the Corporation comprises; Gas, Oil & Gas Exploration Activities, Explosives & Cryogenic Business and Wind Mill & Solar Power Generation. A network of pipelines in India not only transport oil from company fields but also to and from its refineries. The pipeline network spans across India and can move various petroleum products. The firm's refinery operations include a host of technologies for processing oil and gas to meet the needs of a diverse client base.