OPG Power Ventures (LSE:OPG) Receivables Turnover : 2.38 (As of Sep. 2023)

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What is OPG Power 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. OPG Power Ventures's Revenue for the six months ended in Sep. 2023 was £69.9 Mil. OPG Power Ventures's average Accounts Receivable for the six months ended in Sep. 2023 was £29.3 Mil. Hence, OPG Power Ventures's Receivables Turnover for the six months ended in Sep. 2023 was 2.38.

OPG Power Ventures Receivables Turnover Historical Data

The historical data trend for OPG Power 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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OPG Power Ventures Receivables Turnover Chart

OPG Power Ventures Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.40

4.05

4.50

6.83

2.90

OPG Power Ventures Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															3.46	1.89	2.35	1.37	2.38

Competitive Comparison of OPG Power Ventures's Receivables Turnover

For the Utilities - Independent Power Producers subindustry, OPG Power 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.

OPG Power Ventures's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

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

OPG Power Ventures Receivables Turnover Calculation

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

OPG Power 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 )
=	58.683	/ (	(8.608	+	31.915)	/	2 )
=	58.683	/	20.2615
=	2.90

OPG Power Ventures's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	69.868	/ (	(31.915	+	26.711)	/	2 )
=	69.868	/	29.313
=	2.38

OPG Power Ventures (LSE:OPG) 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.

OPG Power Ventures Receivables Turnover Related Terms

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OPG Power Ventures (LSE:OPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » OPG Power Ventures PLC (LSE:OPG) » Definitions » Receivables Turnover

Traded in Other Exchanges

OPG.GB:UK OPB:Germany

Address

55 Athol Street, Douglas, IMN, IM1 1LA

Website

https://www.opgpower.com

OPG Power Ventures PLC is engaged in the development, owning, operation and maintenance of private sector power projects in India. The electricity generated from the group's plants is sold principally to public sector undertakings and heavy industrial companies in India or in the short term market. The business objective of the group is to focus on the power generation business within India and thereby provide reliable, cost effective power to the industrial consumers and other users under the open access provisions mandated by the Government of India.

OPG Power Ventures (LSE:OPG) Headlines

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