Oriana Power (NSE:ORIANA) Receivables Turnover : 6.10 (As of Mar. 2023)

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What is Oriana Power 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. Oriana Power's Revenue for the six months ended in Mar. 2023 was ₹1,362 Mil. Oriana Power's average Accounts Receivable for the six months ended in Mar. 2023 was ₹223 Mil. Hence, Oriana Power's Receivables Turnover for the six months ended in Mar. 2023 was 6.10.

Oriana Power Receivables Turnover Historical Data

The historical data trend for Oriana Power'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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Oriana Power Receivables Turnover Chart

Oriana Power Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

2.19

6.42

6.10

Oriana Power Semi-Annual Data
	Mar21	Mar22	Mar23
Receivables Turnover	2.19	6.42	6.10

Competitive Comparison of Oriana Power's Receivables Turnover

For the Utilities - Renewable subindustry, Oriana Power'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.

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

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

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

Oriana Power Receivables Turnover Calculation

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

Oriana Power'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 )
=	1361.816	/ (	(245.499	+	200.939)	/	2 )
=	1361.816	/	223.219
=	6.10

Oriana Power's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	1361.816	/ (	(245.499	+	200.939)	/	2 )
=	1361.816	/	223.219
=	6.10

Oriana Power (NSE:ORIANA) 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.

Oriana Power Receivables Turnover Related Terms

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Oriana Power (NSE:ORIANA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Oriana Power Ltd (NSE:ORIANA) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

First Floor C-103 Sector-2, Noida Gautam Buddha Nagar, Noida, Ghaziabad, UP, IND, 201301

Website

https://www.orianapower.com

Oriana Power Ltd is a company that specializes in providing solar energy solutions to industrial and commercial customers. It offers low-carbon energy solutions by installing on-site solar projects such as rooftop and ground-mounted systems, as well as off-site solar farms i.e. Open access. Its business operations are primarily divided into two segments: Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO). Under the CAPEX model, it offers Engineering, Procurement, construction, and operation of solar projects. Under CAPEX Model it has delivered projects with a capacity exceeding 100 MWp across various locations across India.

Oriana Power (NSE:ORIANA) Headlines

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