Waaree Renewable Technologies (BOM:534618) Receivables Turnover : 0.73 (As of Mar. 2024)

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What is Waaree Renewable Technologies 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. Waaree Renewable Technologies's Revenue for the three months ended in Mar. 2024 was ₹2,732 Mil. Waaree Renewable Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was ₹3,726 Mil. Hence, Waaree Renewable Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 0.73.

Waaree Renewable Technologies Receivables Turnover Historical Data

The historical data trend for Waaree Renewable Technologies'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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Waaree Renewable Technologies Receivables Turnover Chart

Waaree Renewable Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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0.87

1.91

6.13

6.51

4.04

Waaree Renewable Technologies 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															1.00	2.10	0.95	2.04	0.73

Competitive Comparison of Waaree Renewable Technologies's Receivables Turnover

For the Utilities - Renewable subindustry, Waaree Renewable Technologies'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.

Waaree Renewable Technologies's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Waaree Renewable Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Waaree Renewable Technologies's Receivables Turnover falls into.

Waaree Renewable Technologies Receivables Turnover Calculation

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

Waaree Renewable Technologies'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 )
=	8764.386	/ (	(613.103	+	3725.839)	/	2 )
=	8764.386	/	2169.471
=	4.04

Waaree Renewable Technologies'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 )
=	2732.475	/ (	(0	+	3725.839)	/	1 )
=	2732.475	/	3725.839
=	0.73

Waaree Renewable Technologies (BOM:534618) 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.

Waaree Renewable Technologies Receivables Turnover Related Terms

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Waaree Renewable Technologies (BOM:534618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Waaree Renewable Technologies Ltd (BOM:534618) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Opposite Western Express Highway, 504, Western Edge - I, Borivali (East), Mumbai, MH, IND, 400066

Website

https://www.waareertl.com

Waaree Renewable Technologies Ltd is engaged in the business of generation of power and providing consultancy services. It offers sustainable partnerships by providing renewable energy solutions to industrial, institutional, and commercial sectors and improves their profitability through the long-term renewable power supply. It generates maximum revenue from the EPC Contracts. Its projects include Ground Mounted, Rooftop Solar, and Floating Solar.

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