CG Power & Industrial Solutions (NSE:CGPOWER) Receivables Turnover : 1.43 (As of Mar. 2024)

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What is CG Power & Industrial Solutions 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. CG Power & Industrial Solutions's Revenue for the three months ended in Mar. 2024 was ₹21,917 Mil. CG Power & Industrial Solutions's average Accounts Receivable for the three months ended in Mar. 2024 was ₹15,342 Mil. Hence, CG Power & Industrial Solutions's Receivables Turnover for the three months ended in Mar. 2024 was 1.43.

CG Power & Industrial Solutions Receivables Turnover Historical Data

The historical data trend for CG Power & Industrial Solutions'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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CG Power & Industrial Solutions Receivables Turnover Chart

CG Power & Industrial Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.56

5.27

7.06

6.22

5.68

CG Power & Industrial Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.47	1.44	1.55	1.53	1.43

Competitive Comparison of CG Power & Industrial Solutions's Receivables Turnover

For the Electrical Equipment & Parts subindustry, CG Power & Industrial Solutions'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.

CG Power & Industrial Solutions's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CG Power & Industrial Solutions's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CG Power & Industrial Solutions's Receivables Turnover falls into.

CG Power & Industrial Solutions Receivables Turnover Calculation

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

CG Power & Industrial Solutions'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 )
=	80459.8	/ (	(12971.2	+	15341.9)	/	2 )
=	80459.8	/	14156.55
=	5.68

CG Power & Industrial Solutions's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	21917.2	/ (	(0	+	15341.9)	/	1 )
=	21917.2	/	15341.9
=	1.43

CG Power & Industrial Solutions (NSE:CGPOWER) 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.

CG Power & Industrial Solutions Receivables Turnover Related Terms

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CG Power & Industrial Solutions (NSE:CGPOWER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CG Power & Industrial Solutions Ltd (NSE:CGPOWER) » Definitions » Receivables Turnover

Traded in Other Exchanges

500093:India

Address

Dr. Annie Besant Road, 6th Floor, CG House, Worli, Mumbai, MH, IND, 400 030

Website

https://www.cgglobal.com

CG Power & Industrial Solutions Ltd is an India based company engaged in providing products, services, and solutions to utilities, industries, and consumers for the management and application of sustainable electrical energy. It has two business segments. Power Systems segment includes products and services from ultra-high-voltage, high voltage, medium voltage and low voltage like transformer, switchgear, and turnkey projects whereas the Industrial Systems segment include rotating machines of power and ratings, automated AC, DC, and variable frequency drives and control systems like electric motors, alternators, drives, traction electronics, and SCADA. It operates in India and internationally and generates its revenues majorly from the Industrial systems segment within India.

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