Mahanagar Gas (BOM:539957) Receivables Turnover : 6.20 (As of Dec. 2024)

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What is Mahanagar Gas 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. Mahanagar Gas's Revenue for the three months ended in Dec. 2024 was ₹18,474 Mil. Mahanagar Gas's average Accounts Receivable for the three months ended in Dec. 2024 was ₹2,980 Mil. Hence, Mahanagar Gas's Receivables Turnover for the three months ended in Dec. 2024 was 6.20.

Mahanagar Gas Receivables Turnover Historical Data

The historical data trend for Mahanagar Gas'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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Mahanagar Gas Receivables Turnover Chart

Mahanagar Gas Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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35.14

21.80

22.70

26.26

21.23

Mahanagar Gas Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															5.84	5.36	5.62	5.99	6.20

Competitive Comparison of Mahanagar Gas's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Mahanagar Gas'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.

Mahanagar Gas's Receivables Turnover Distribution in the Utilities - Regulated Industry

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

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

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Mahanagar Gas Receivables Turnover Calculation

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

Mahanagar Gas'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 )
=	62669.1	/ (	(2940.3	+	2964.9)	/	2 )
=	62669.1	/	2952.6
=	21.23

Mahanagar Gas's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	18474.1	/ (	(2979.6	+	0)	/	1 )
=	18474.1	/	2979.6
=	6.20

Mahanagar Gas (BOM:539957) 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.

Mahanagar Gas Receivables Turnover Related Terms

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Mahanagar Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Mahanagar Gas Ltd (BOM:539957) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MGL:India

Address

Block No. G-33, Bandra-Kurla Complex, MGL House, Bandra (East), Mumbai, MH, IND, 400051

Website

https://www.mahanagargas.com

Mahanagar Gas Ltd is an India-based natural gas distribution company. It distributes natural gas through the City Gas Distribution network of pipelines. It distributes compressed natural gas (CNG) for use in vehicles and piped natural gas (PNG) for domestic household, commercial, and industrial use, and to transport sector customers as well. The company operates under the business segment of the sale of natural gas. Its business operations are principally carried out in India. The company generates revenue by selling natural gas, of which the sale of CNG accounts majorly for the total gas sales revenue.

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