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Power Grid Company of Bangladesh (DHA:POWERGRID) Receivables Turnover : 0.48 (As of Dec. 2023)


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What is Power Grid Company of Bangladesh 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. Power Grid Company of Bangladesh's Revenue for the three months ended in Dec. 2023 was BDT5,926 Mil. Power Grid Company of Bangladesh's average Accounts Receivable for the three months ended in Dec. 2023 was BDT12,449 Mil. Hence, Power Grid Company of Bangladesh's Receivables Turnover for the three months ended in Dec. 2023 was 0.48.


Power Grid Company of Bangladesh Receivables Turnover Historical Data

The historical data trend for Power Grid Company of Bangladesh'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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Power Grid Company of Bangladesh Receivables Turnover Chart

Power Grid Company of Bangladesh Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.06 3.19 3.11 2.74 2.34

Power Grid Company of Bangladesh Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.52 0.56 0.64 0.62 0.48

Competitive Comparison of Power Grid Company of Bangladesh's Receivables Turnover

For the Utilities - Regulated Electric subindustry, Power Grid Company of Bangladesh'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.


Power Grid Company of Bangladesh's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Power Grid Company of Bangladesh's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Power Grid Company of Bangladesh's Receivables Turnover falls into.



Power Grid Company of Bangladesh Receivables Turnover Calculation

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

Power Grid Company of Bangladesh's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=24401.485 / ((9222.386 + 11623.443) / 2 )
=24401.485 / 10422.9145
=2.34

Power Grid Company of Bangladesh's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=5926.471 / ((12829.488 + 12068.236) / 2 )
=5926.471 / 12448.862
=0.48

* 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.


Power Grid Company of Bangladesh  (DHA:POWERGRID) 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.


Power Grid Company of Bangladesh Receivables Turnover Related Terms

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Power Grid Company of Bangladesh (DHA:POWERGRID) Business Description

Traded in Other Exchanges
N/A
Address
PGCB Bhaban, Avenue-03, Jahurul Islam City, Aftabnagar, Badda, Dhaka, BGD, 1212
Power Grid Company of Bangladesh Ltd is involved in planning, promoting, developing, operating, and maintaining an integrated and efficient power transmission system/network throughout Bangladesh. It also provides transmission lines, sub-stations, load dispatch centers, communication facilities, and others.

Power Grid Company of Bangladesh (DHA:POWERGRID) Headlines

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