Gujarat State Petronet (BOM:532702) Receivables Turnover : 3.95 (As of Mar. 2024)

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What is Gujarat State Petronet 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. Gujarat State Petronet's Revenue for the three months ended in Mar. 2024 was ₹45,322 Mil. Gujarat State Petronet's average Accounts Receivable for the three months ended in Mar. 2024 was ₹11,481 Mil. Hence, Gujarat State Petronet's Receivables Turnover for the three months ended in Mar. 2024 was 3.95.

Gujarat State Petronet Receivables Turnover Historical Data

The historical data trend for Gujarat State Petronet'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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Gujarat State Petronet Receivables Turnover Chart

Gujarat State Petronet Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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18.06

14.72

19.18

18.41

16.06

Gujarat State Petronet 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															4.25	4.08	3.71	3.82	3.95

Competitive Comparison of Gujarat State Petronet's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Gujarat State Petronet'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.

Gujarat State Petronet's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Gujarat State Petronet's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gujarat State Petronet's Receivables Turnover falls into.

Gujarat State Petronet Receivables Turnover Calculation

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

Gujarat State Petronet'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 )
=	172948.366	/ (	(10057.821	+	11481.062)	/	2 )
=	172948.366	/	10769.4415
=	16.06

Gujarat State Petronet'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 )
=	45321.977	/ (	(0	+	11481.062)	/	1 )
=	45321.977	/	11481.062
=	3.95

Gujarat State Petronet (BOM:532702) 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.

Gujarat State Petronet Receivables Turnover Related Terms

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Gujarat State Petronet (BOM:532702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Gujarat State Petronet Ltd (BOM:532702) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GSPL:India

Address

GSPL Bhavan, E-18, GIDC Electronics Estate, Sector-26, Near K-7 Circle, Gandhinagar, GJ, IND, 382028

Website

https://www.gspcgroup.com

Gujarat State Petronet Ltd is a regulated Indian natural gas utility company of which the shareholder is a state-owned oil and gas exploration company, Gujarat State Petroleum Corporation. Gujarat State Petronet is involved in the provision of natural gas, compressed natural gas, and liquefied natural gas transmission services in the West Indian state of Gujarat through its pipeline network. The company derives the vast majority of its sales from service fees relating to the transportation of gas to domestic, industrial, and commercial customers. With its many subsidiaries and associate firms, such as Gujarat Gas Limited, Gujarat State Petronet is one of the gas distributors in India.

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