Sahaj Solar (NSE:SAHAJSOLAR) Receivables Turnover : 1.14 (As of Sep. 2024)

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What is Sahaj Solar 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. Sahaj Solar's Revenue for the six months ended in Sep. 2024 was ₹981 Mil. Sahaj Solar's average Accounts Receivable for the six months ended in Sep. 2024 was ₹862 Mil. Hence, Sahaj Solar's Receivables Turnover for the six months ended in Sep. 2024 was 1.14.

Sahaj Solar Receivables Turnover Historical Data

The historical data trend for Sahaj Solar'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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Sahaj Solar Receivables Turnover Chart

Sahaj Solar Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

6.88

2.89

3.99

2.97

Sahaj Solar Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			-	-	1.15	2.14	1.14

Competitive Comparison of Sahaj Solar's Receivables Turnover

For the Solar subindustry, Sahaj Solar'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.

Sahaj Solar's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sahaj Solar's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sahaj Solar's Receivables Turnover falls into.

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Sahaj Solar Receivables Turnover Calculation

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

Sahaj Solar'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 )
=	2115.298	/ (	(536.496	+	885.638)	/	2 )
=	2115.298	/	711.067
=	2.97

Sahaj Solar's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	981.239	/ (	(885.638	+	838.089)	/	2 )
=	981.239	/	861.8635
=	1.14

Sahaj Solar (NSE:SAHAJSOLAR) 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.

Sahaj Solar Receivables Turnover Related Terms

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Sahaj Solar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sahaj Solar Ltd (NSE:SAHAJSOLAR) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Office No. 301, Ashirvad Paras, Opposite Prahladnagar Garden, Satellite, Ahmedabad, GJ, IND, 380051

Website

https://www.sahajsolar.com

Sahaj Solar Ltd is a renewable energy solution provider engaged majorly into three businesses being manufacturing of PV modules, providing solar water pumping systems and providing EPC services to PAN India customers. Its product include Solar Panel, Solar Water Pump, Solar Mobile Trolleys, Solar Home Light and etc.

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