CESC (BOM:500084) Receivables Turnover : 1.50 (As of Mar. 2024)

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What is CESC 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. CESC's Revenue for the three months ended in Mar. 2024 was ₹33,870 Mil. CESC's average Accounts Receivable for the three months ended in Mar. 2024 was ₹22,560 Mil. Hence, CESC's Receivables Turnover for the three months ended in Mar. 2024 was 1.50.

CESC Receivables Turnover Historical Data

The historical data trend for CESC'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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CESC Receivables Turnover Chart

CESC Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.80

5.60

5.69

6.65

6.88

CESC 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															1.42	1.97	1.58	1.18	1.50

Competitive Comparison of CESC's Receivables Turnover

For the Utilities - Regulated Electric subindustry, CESC'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.

CESC's Receivables Turnover Distribution in the Utilities - Regulated Industry

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

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

CESC Receivables Turnover Calculation

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

CESC'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 )
=	152930	/ (	(21915.2	+	22560)	/	2 )
=	152930	/	22237.6
=	6.88

CESC'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 )
=	33870	/ (	(0	+	22560)	/	1 )
=	33870	/	22560
=	1.50

CESC (BOM:500084) 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.

CESC Receivables Turnover Related Terms

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CESC (BOM:500084) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CESC Ltd (BOM:500084) » Definitions » Receivables Turnover

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CESC:India

Address

CESC House, Chowringhee Square, Kolkata, WB, IND, 700 001

Website

https://www.cesc.co.in

CESC Ltd is an Indian power utility company engaged in the generation and distribution of electricity. The company owns and operates a portfolio of energy-generating facilities that primarily utilize thermal fuel sources, such as coal. CESC sources its coal mainly from Indian mines either allocated to it by the Government of India or purchased in the marketplace. The company has also made efforts to expand its capacity through renewable energy sites that employ wind, hydro, and solar power. CESC generates the vast majority of its revenue from the sale of electricity to consumer households and commercial establishments in the state of West Bengal in India. Through its subsidiaries, the company is also involved in the retail, business process management, and infrastructure sectors.

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