Greenhitech Ventures (BOM:544163) Receivables Turnover : 0.49 (As of Sep. 2024)

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What is Greenhitech Ventures 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. Greenhitech Ventures's Revenue for the six months ended in Sep. 2024 was ₹111.1 Mil. Greenhitech Ventures's average Accounts Receivable for the six months ended in Sep. 2024 was ₹228.2 Mil. Hence, Greenhitech Ventures's Receivables Turnover for the six months ended in Sep. 2024 was 0.49.

Greenhitech Ventures Receivables Turnover Historical Data

The historical data trend for Greenhitech Ventures'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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Greenhitech Ventures Receivables Turnover Chart

Greenhitech Ventures Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

2.69

3.68

1.29

Greenhitech Ventures Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Receivables Turnover	-	-	-	0.11	0.49

Competitive Comparison of Greenhitech Ventures's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Greenhitech Ventures'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.

Greenhitech Ventures's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Greenhitech Ventures's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Greenhitech Ventures's Receivables Turnover falls into.

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Greenhitech Ventures Receivables Turnover Calculation

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

Greenhitech Ventures's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	250.435	/ (	(210.28	+	177.75)	/	2 )
=	250.435	/	194.015
=	1.29

Greenhitech Ventures'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: Sep. 2023 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	111.054	/ (	(0	+	228.21)	/	1 )
=	111.054	/	228.21
=	0.49

Greenhitech Ventures (BOM:544163) 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.

Greenhitech Ventures Receivables Turnover Related Terms

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Greenhitech Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greenhitech Ventures Ltd (BOM:544163) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

B27/92 K1 Jawahar Nagar Colony, Bhelupura, Varanasi, UP, IND, 221010

Website

https://www.greenhitech.org

Greenhitech Ventures Ltd is engaged in trading of various petroleum-based products for the different categories of industries based on their requirement. This includes the supply of biofuels, bitumen, light-density oils, furnace oils, etc. The company is also engaged in Operation & Maintenance as a Job worker for Ethanol manufacturing in government-owned distilleries. It understands the market needs and upgrades its team constantly with growing technology and market trends. The company provides business solutions and services to consumers of Fuels and other alternative materials across India.

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