Oil India (NSE:OIL) Receivables Turnover : 3.12 (As of Dec. 2023)

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What is Oil India 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. Oil India's Revenue for the three months ended in Dec. 2023 was ₹96,143 Mil. Oil India's average Accounts Receivable for the three months ended in Dec. 2023 was ₹30,841 Mil. Hence, Oil India's Receivables Turnover for the three months ended in Dec. 2023 was 3.12.

Oil India Receivables Turnover Historical Data

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

Oil India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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7.82

11.53

13.28

14.23

16.96

Oil India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.83	2.91	2.59	2.43	3.12

Competitive Comparison of Oil India's Receivables Turnover

For the Oil & Gas E&P subindustry, Oil India'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.

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

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

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

Oil India Receivables Turnover Calculation

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

Oil India's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	352087.8	/ (	(17504.8	+	24003.4)	/	2 )
=	352087.8	/	20754.1
=	16.96

Oil India's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	96142.9	/ (	(30840.9	+	0)	/	1 )
=	96142.9	/	30840.9
=	3.12

Oil India (NSE:OIL) 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.

Oil India Receivables Turnover Related Terms

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Oil India (NSE:OIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil India Ltd (NSE:OIL) » Definitions » Receivables Turnover

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533106:India

Address

Plot No. 19, Sector - 16A, Near Film City, Noida, UP, IND, 201301

Website

https://www.oil-india.com

Oil India Ltd. engages in the exploration, development, and production of crude oil, natural gas, and liquefied petroleum gas. It also transports and refines crude oil, and provides various exploration and production services. Crude oil sales are the revenue generator for the firm. Oil India counts on a variety of different systems and processes to acquire reservoir information and to interpret geo-scientific data. The company has experience in managing the entire range of operations required for onshore oil and gas production. It has built expertise in wellbore servicing, installation, operation, and maintenance of modern surface handling facilities.