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. Azure Power Global's Revenue for the
six
months ended in Mar. 2024 was $256.6 Mil. Azure Power Global's average Accounts Receivable for the
six
months ended in Mar. 2024 was $62.6 Mil.
Hence, Azure Power Global's Receivables Turnover for the
six
months ended in Mar. 2024 was 4.10.
Azure Power Global (OTCPK:AZREF) 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.
Azure Power Global Receivables Turnover Related Terms
Azure Power Global Receivables Turnover Historical Data
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The historical data trend for Azure Power Global'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.
AZREF vs SAFX, VGAS, STEM: Receivables Turnover Comparison
For the Utilities - Renewable subindustry, Azure Power Global'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.
Azure Power Global Receivables Turnover vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Azure Power Global's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Azure Power Global's Receivables Turnover falls into.
* 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.
Azure Power Global (AZREF) has a Receivables Turnover of 4.10 as of Mar. 2024. The accounts 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. View historical data on Azure Power Global and its competitors.
Is Azure Power Global's Receivables Turnover too high?
Azure Power Global's current Receivables Turnover is 4.10. The Utilities - Independent Power Producers industry median Receivables Turnover is 5.76. Azure Power Global's value of 4.10 is 28.8% below this industry median. Overall, Azure Power Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Azure Power Global's Receivables Turnover compare to SAFX and VGAS?
Azure Power Global's Receivables Turnover of 4.10 can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Receivables Turnover is 5.76. Azure Power Global's value of 4.10 is 28.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Utilities - Independent Power Producers company?
The median Receivables Turnover among Utilities - Independent Power Producers companies is 5.76, based on 410 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Azure Power Global's current Receivables Turnover of 4.10 is 28.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Azure Power Global and its competitors. For the Utilities - Independent Power Producers industry, the median Receivables Turnover is 5.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azure Power Global's current Receivables Turnover is 4.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azure Power Global stock overvalued right now?
Azure Power Global (AZREF) has a current Receivables Turnover of 4.10. The current Receivables Turnover is 4.10 and 28.8% below the Utilities - Independent Power Producers industry median of 5.76. Azure Power Global's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Azure Power Global (AZREF), the current Receivables Turnover is 4.10 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Azure Power Global Ltd is a utility-scale renewable energy project developer and operator. It is engaged in the development, construction, ownership, operation, maintenance, and management of renewable energy assets based on long-term contracts (Power Purchase Agreements or PPA) with Indian Government energy distribution companies, as well as other Indian non-governmental energy distribution companies and commercial customers.
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