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Olectra Greentech (NSE:OLECTRA) Receivables Turnover : 0.56 (As of Mar. 2024)


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What is Olectra Greentech 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. Olectra Greentech's Revenue for the three months ended in Mar. 2024 was ₹2,888 Mil. Olectra Greentech's average Accounts Receivable for the three months ended in Mar. 2024 was ₹5,132 Mil. Hence, Olectra Greentech's Receivables Turnover for the three months ended in Mar. 2024 was 0.56.


Olectra Greentech Receivables Turnover Historical Data

The historical data trend for Olectra Greentech'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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Olectra Greentech Receivables Turnover Chart

Olectra Greentech 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 0.85 0.90 1.88 2.19 2.02

Olectra Greentech 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 0.60 0.34 0.59 0.66 0.56

Competitive Comparison of Olectra Greentech's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Olectra Greentech'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.


Olectra Greentech's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Olectra Greentech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Olectra Greentech's Receivables Turnover falls into.



Olectra Greentech Receivables Turnover Calculation

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

Olectra Greentech'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 )
=11541.354 / ((6304.756 + 5132.242) / 2 )
=11541.354 / 5718.499
=2.02

Olectra Greentech'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 )
=2888.102 / ((0 + 5132.242) / 1 )
=2888.102 / 5132.242
=0.56

* 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.


Olectra Greentech  (NSE:OLECTRA) 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.


Olectra Greentech Receivables Turnover Related Terms

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Olectra Greentech (NSE:OLECTRA) Business Description

Traded in Other Exchanges
Address
Technocrat Industrial Estate Balanagar, S-22, 2nd and 3rd Floor, Hyderabad, TG, IND, 500037
Olectra Greentech Ltd is engaged in the manufacturing of Polymer Insulators, Electric Trucks and Electric Buses in India. The company's operating segment includes the Insulator, Electric Trucks, and Electric Bus segment. It generates maximum revenue from the Electric Bus segment.

Olectra Greentech (NSE:OLECTRA) Headlines

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