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Ravindra Energy (BOM:504341) Receivables Turnover : 0.48 (As of Mar. 2024)


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What is Ravindra Energy 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. Ravindra Energy's Revenue for the three months ended in Mar. 2024 was ₹301 Mil. Ravindra Energy's average Accounts Receivable for the three months ended in Mar. 2024 was ₹632 Mil. Hence, Ravindra Energy's Receivables Turnover for the three months ended in Mar. 2024 was 0.48.


Ravindra Energy Receivables Turnover Historical Data

The historical data trend for Ravindra Energy'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.

* Premium members only.

Ravindra Energy Receivables Turnover Chart

Ravindra Energy Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.97 1.78 5.70 1.89 1.37

Ravindra Energy 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.89 0.45 0.23 0.14 0.48

Competitive Comparison of Ravindra Energy's Receivables Turnover

For the Solar subindustry, Ravindra Energy'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.


Ravindra Energy's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Ravindra Energy's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ravindra Energy's Receivables Turnover falls into.



Ravindra Energy Receivables Turnover Calculation

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

Ravindra Energy'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 )
=1309.67 / ((1286.46 + 631.51) / 2 )
=1309.67 / 958.985
=1.37

Ravindra Energy'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 )
=301.2 / ((0 + 631.51) / 1 )
=301.2 / 631.51
=0.48

* 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.


Ravindra Energy  (BOM:504341) 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.


Ravindra Energy Receivables Turnover Related Terms

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Ravindra Energy (BOM:504341) Business Description

Traded in Other Exchanges
N/A
Address
Havelock Road, BC 105, Camp, Belagavi, KA, IND, 590001
Ravindra Energy Ltd is a holding company. The company is principally engaged in selling solar pumps, setting up the solar generation power plant, and generation and sale of power. It generates a majority of its revenue from the Solar business.

Ravindra Energy (BOM:504341) Headlines

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