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Adani Total Gas (BOM:542066) Receivables Turnover : 3.01 (As of Sep. 2024)


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What is Adani Total 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. Adani Total Gas's Revenue for the three months ended in Sep. 2024 was ₹12,187 Mil. Adani Total Gas's average Accounts Receivable for the three months ended in Sep. 2024 was ₹4,043 Mil. Hence, Adani Total Gas's Receivables Turnover for the three months ended in Sep. 2024 was 3.01.


Adani Total Gas Receivables Turnover Historical Data

The historical data trend for Adani Total 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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Adani Total Gas Receivables Turnover Chart

Adani Total Gas Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.86 20.43 20.68 17.35 12.26

Adani Total Gas Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.93 3.10 2.78 2.79 3.01

Competitive Comparison of Adani Total Gas's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Adani Total 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.


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

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

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



Adani Total Gas Receivables Turnover Calculation

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

Adani Total 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 )
=44455 / ((3150 + 4099.2) / 2 )
=44455 / 3624.6
=12.26

Adani Total Gas'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: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=12186.5 / ((0 + 4042.6) / 1 )
=12186.5 / 4042.6
=3.01

* 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.


Adani Total Gas  (BOM:542066) 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.


Adani Total Gas Receivables Turnover Related Terms

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Adani Total Gas Business Description

Traded in Other Exchanges
Address
S. G. Highway, Near Vaishno Devi Circle, Adani Corporate House, Shantigram, Khodiyar, Ahmedabad, GJ, IND, 382421
Adani Total Gas Ltd is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector. Geographically, the group has set up gas distribution networks in Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh.

Adani Total Gas Headlines

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