Jet Solar (BOM:538794) Receivables Turnover : 0.86 (As of Sep. 2024)

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What is Jet Solar 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. Jet Solar's Revenue for the six months ended in Sep. 2024 was ₹6.70 Mil. Jet Solar's average Accounts Receivable for the six months ended in Sep. 2024 was ₹7.77 Mil. Hence, Jet Solar's Receivables Turnover for the six months ended in Sep. 2024 was 0.86.

Jet Solar Receivables Turnover Historical Data

The historical data trend for Jet Solar'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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Jet Solar Receivables Turnover Chart

Jet Solar Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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0.67

0.23

0.73

0.89

0.50

Jet Solar Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.05	0.70	0.23	0.25	0.86

Competitive Comparison of Jet Solar's Receivables Turnover

For the Real Estate - Development subindustry, Jet Solar'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.

Jet Solar's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Jet Solar's Receivables Turnover distribution charts can be found below:

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

Jet Solar Receivables Turnover Calculation

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

Jet Solar'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 )
=	3.533	/ (	(6.864	+	7.179)	/	2 )
=	3.533	/	7.0215
=	0.50

Jet Solar's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	6.696	/ (	(7.179	+	8.351)	/	2 )
=	6.696	/	7.765
=	0.86

Jet Solar (BOM:538794) 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.

Jet Solar Receivables Turnover Related Terms

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Jet Solar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Jet Solar Ltd (BOM:538794) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Office No.1, Kandivali Link Road, E-Wing, 1st Floor, Nandanvan Apartment, Nandanvan Business Centre, Opposite Laljipada Police Chowki, Kandivali (West), Mumbai, MH, IND, 400067

Website

https://www.jetinfra.com

Jet Solar Ltd Formerly Jet Infraventure Ltd is a real estate development company based in India. The company is involved in real estate development and construction, with a focus on residential and commercial projects. Some of its projects include Samarth Residency, Jet Excellency, Sai Residency, Shree Samartha, and Palm Sping. The company's ongoing project is Jet Prakriti - Wilson Hills. Jet Infraventure Ltd generates all of its operating revenue from real estate projects.

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