Power Grid Of India (NSE:POWERGRID) Receivables Turnover : 1.04 (As of Mar. 2024)

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What is Power Grid Of India 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 Of India's Revenue for the three months ended in Mar. 2024 was ₹119,781 Mil. Power Grid Of India's average Accounts Receivable for the three months ended in Mar. 2024 was ₹115,396 Mil. Hence, Power Grid Of India's Receivables Turnover for the three months ended in Mar. 2024 was 1.04.

Power Grid Of India Receivables Turnover Historical Data

The historical data trend for Power Grid Of India'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 Of India Receivables Turnover Chart

Power Grid Of India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.54

5.75

4.58

4.12

3.74

Power Grid Of India 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															0.95	0.85	0.97	0.99	1.04

Competitive Comparison of Power Grid Of India's Receivables Turnover

For the Utilities - Regulated Electric subindustry, Power Grid Of India'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 Of India's Receivables Turnover Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Power Grid Of India's Receivables Turnover falls into.

Power Grid Of India Receivables Turnover Calculation

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

Power Grid Of India'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 )
=	458431	/ (	(129613.5	+	115396.3)	/	2 )
=	458431	/	122504.9
=	3.74

Power Grid Of India'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 )
=	119781.1	/ (	(0	+	115396.3)	/	1 )
=	119781.1	/	115396.3
=	1.04

Power Grid Of India (NSE: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 Of India Receivables Turnover Related Terms

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Power Grid Of India (NSE:POWERGRID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Power Grid Corp Of India Ltd (NSE:POWERGRID) » Definitions » Receivables Turnover

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532898:India

Address

Saudamini, Plot No. 2, Sector 29, Gurgaon, HR, IND, 122 001

Website

https://www.powergrid.in

Power Grid Corp Of India Ltd is a state-owned electric utility company in India. The activities of the firm are operated through Transmission, Telecom, and Consultancy segments. Under the Transmission division, the company's principal business is the transmission of bulk power across different states of India. Whereas the Telecom division leverages firm's nationwide transmission infrastructure and operates as a neutral carrier in the point to point Bandwidth Leasing Business. The company is also involved in Consultancy business in which it provides in-house expertise in the Transmission, Distribution and Telecom sectors, including planning design, engineering, load dispatch, procurement management, financing, and other. Geographically all the activities are carried out in India.

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