ReNew Energy Global (STU:7JU) Receivables Turnover : 0.91 (As of Dec. 2023)

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What is ReNew Energy Global 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. ReNew Energy Global's Revenue for the three months ended in Dec. 2023 was €176.2 Mil. ReNew Energy Global's average Accounts Receivable for the three months ended in Dec. 2023 was €193.2 Mil. Hence, ReNew Energy Global's Receivables Turnover for the three months ended in Dec. 2023 was 0.91.

ReNew Energy Global Receivables Turnover Historical Data

The historical data trend for ReNew Energy Global'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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ReNew Energy Global Receivables Turnover Chart

ReNew Energy Global Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

1.87

1.55

1.51

2.28

ReNew Energy Global Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											0.33	0.91	1.01	1.30	0.91

Competitive Comparison of ReNew Energy Global's Receivables Turnover

For the Utilities - Renewable subindustry, ReNew Energy Global'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.

ReNew Energy Global's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where ReNew Energy Global's Receivables Turnover falls into.

ReNew Energy Global Receivables Turnover Calculation

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

ReNew Energy Global'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 )
=	888.093	/ (	(534.137	+	245.403)	/	2 )
=	888.093	/	389.77
=	2.28

ReNew Energy Global's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	176.155	/ (	(220.393	+	166.054)	/	2 )
=	176.155	/	193.2235
=	0.91

ReNew Energy Global (STU:7JU) 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.

ReNew Energy Global Receivables Turnover Related Terms

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ReNew Energy Global (STU:7JU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ReNew Energy Global PLC (STU:7JU) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

RNW:USA 7JU:Germany

Address

C/o Vistra (UK) Ltd., 4th Floor 11-12 St. James’ Square, London, GBR, SW1Y 4LB

Website

https://www.renewpower.in

ReNew Energy Global PLC is a Developer and operator of clean energy projects intended to meet India's growing energy needs in an efficient, sustainable and socially responsible manner. The Company provides end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change.

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