Promax Power (BOM:543375) Receivables Turnover : 0.96 (As of Sep. 2024)

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What is Promax Power 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. Promax Power's Revenue for the six months ended in Sep. 2024 was ₹293.5 Mil. Promax Power's average Accounts Receivable for the six months ended in Sep. 2024 was ₹305.7 Mil. Hence, Promax Power's Receivables Turnover for the six months ended in Sep. 2024 was 0.96.

Promax Power Receivables Turnover Historical Data

The historical data trend for Promax Power'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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Promax Power Receivables Turnover Chart

Promax Power Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

5.64

4.51

4.54

3.11

Promax Power Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			1.42	1.99	2.13	1.59	0.96

Competitive Comparison of Promax Power's Receivables Turnover

For the Engineering & Construction subindustry, Promax Power'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.

Promax Power's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Promax Power's Receivables Turnover distribution charts can be found below:

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

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Promax Power Receivables Turnover Calculation

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

Promax Power'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 )
=	602.597	/ (	(130.343	+	257.112)	/	2 )
=	602.597	/	193.7275
=	3.11

Promax Power'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 )
=	293.463	/ (	(257.112	+	354.254)	/	2 )
=	293.463	/	305.683
=	0.96

Promax Power (BOM:543375) 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.

Promax Power Receivables Turnover Related Terms

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Promax Power Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Promax Power Ltd (BOM:543375) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sector 82, Industrial Area, Plot No 148 A, JLPL, Mohali, PB, IND, 140306

Website

https://www.promax.co.in

Promax Power Ltd is engaged in the business of engineering procurement construction for electrification, civil infrastructure, and water infrastructure management projects. The company also provides turnkey execution of civil infrastructure projects such as industrial buildings and turnkey execution of water infrastructure management projects such as water transmission and distribution work.

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