Gensol Engineering (BOM:542851) Receivables Turnover : 1.75 (As of Mar. 2024)

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What is Gensol Engineering 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. Gensol Engineering's Revenue for the three months ended in Mar. 2024 was ₹3,988 Mil. Gensol Engineering's average Accounts Receivable for the three months ended in Mar. 2024 was ₹2,278 Mil. Hence, Gensol Engineering's Receivables Turnover for the three months ended in Mar. 2024 was 1.75.

Gensol Engineering Receivables Turnover Historical Data

The historical data trend for Gensol Engineering'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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Gensol Engineering Receivables Turnover Chart

Gensol Engineering Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.21

2.58

5.36

7.00

6.36

Gensol Engineering Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											2.18	1.92	1.42	1.57	1.75

Competitive Comparison of Gensol Engineering's Receivables Turnover

For the Solar subindustry, Gensol Engineering'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.

Gensol Engineering's Receivables Turnover Distribution in the Semiconductors Industry

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

* The bar in red indicates where Gensol Engineering's Receivables Turnover falls into.

Gensol Engineering Receivables Turnover Calculation

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

Gensol Engineering'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 )
=	9631	/ (	(751.2	+	2278)	/	2 )
=	9631	/	1514.6
=	6.36

Gensol Engineering'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 )
=	3988.2	/ (	(0	+	2278)	/	1 )
=	3988.2	/	2278
=	1.75

Gensol Engineering (BOM:542851) 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.

Gensol Engineering Receivables Turnover Related Terms

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Gensol Engineering (BOM:542851) Business Description

Industry

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GENSOL:India

Address

Westgate Business Bay, Block - A, 15th FLoor, Makarba, Ahmedabad, GJ, IND, 380051

Website

https://www.gensol.in

Gensol Engineering Ltd is a renewable energy solutions provider focused on end to end solar engineering, procurement, and construction projects. It is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across various countries, including India.

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