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Altern Energy (KAR:ALTN) Receivables Turnover : 0.20 (As of Dec. 2024)


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What is Altern Energy 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. Altern Energy's Revenue for the three months ended in Dec. 2024 was ₨2,841 Mil. Altern Energy's average Accounts Receivable for the three months ended in Dec. 2024 was ₨14,381 Mil. Hence, Altern Energy's Receivables Turnover for the three months ended in Dec. 2024 was 0.20.


Altern Energy Receivables Turnover Historical Data

The historical data trend for Altern Energy'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.

* Premium members only.

Altern Energy Receivables Turnover Chart

Altern Energy Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.82 1.28 1.18 0.65

Altern Energy 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 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 0.26 0.16 0.19 0.36 0.20

Competitive Comparison of Altern Energy's Receivables Turnover

For the Utilities - Independent Power Producers subindustry, Altern Energy'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.


Altern Energy's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Altern Energy's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Altern Energy's Receivables Turnover falls into.


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Altern Energy Receivables Turnover Calculation

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

Altern Energy's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Receivables Turnover (A: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2024 ) / ((Accounts Receivable (A: Jun. 2023 ) + Accounts Receivable (A: Jun. 2024 )) / count )
=9602.464 / ((15324.789 + 14229.704) / 2 )
=9602.464 / 14777.2465
=0.65

Altern Energy'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 )
=2841.376 / ((14380.838 + 0) / 1 )
=2841.376 / 14380.838
=0.20

* 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.


Altern Energy  (KAR:ALTN) 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.


Altern Energy Receivables Turnover Related Terms

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Altern Energy Business Description

Traded in Other Exchanges
N/A
Address
18 Kilometer, Ferozepur Road, Descon Headquarters, Lahore, PB, PAK
Altern Energy Ltd generates and supplies electric power to the Water and Power Development Authority of Pakistan from its thermal power plant. The company is to build, own, operate, and maintain a gas-fired power plant having a gross capacity of 32 Mega Watts.

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