Azure Power Global Limited's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the fourth quarter 2023 to a ratio of 2.71, this is below the company average, and notable indication of worsening business environment. Average receivable collection period, for the Azure Power Global Limited in Mar 31 2023 quarter, has decreased to 135 days, compared to 145 days, in the 0 quarter.

If we take a look into Utilities sector 125 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Mar 31 2023 from to 3569.

What is Receivable Turnover Ratio?
What is Azure Power Global Limited Selling?

What is Receivable Turnover Ratio?

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AZRE Receivables Turnover Ratio	(Mar 31 2023) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter	(Mar 31 2022) IV. Quarter
Y / Y Receivable Change	-12.69 %	-12.69 %	-12.69 %	259.52 %	19.16 %
Y / Y Revenue Change	4.43 %	-	-	-	16.03 %
Receivable Turnover Ratio (TTM)	2.71	2.52	2.46	2.4	3.4
AZRE's Total Ranking	# 3569	#	#	#	# 296
Accounts Receivable average collection period days	135	145	148	152	107
Seq. Receivable Change	0 %	0 %	-57.7 %	106.41 %	0 %
Seq. Revenue Change	-	-	-	-	-

Receivable Turnover Company Ranking
Within:	No.
Electric Utilities Industry	# 64
Utilities Sector	# 126
Overall Market	# 3569

Receivable Turnover Ratio Statistics
High	Average	Low
287.05	84.25	2.16
(Mar 31 2019)		(Mar 31 2023)

AZRE Company Profile • Back to AZRE Efficiency Comparisons • Compare AZRE Receivables Turnover Ratio to its Competitors

Financial Statements
Azure Power Global Limited's Accounts Receivable	$ 70 Millions	Visit AZRE's Balance sheet
Azure Power Global Limited's Sales TTM	$ 252 Millions	Visit AZRE's Income Statement
Sources of AZRE's Revenues		Visit AZRE's Sales by Geography

Other Accounts Receivable Turnover Ratios
Electric Utilities Industry Accounts Receivable Turnover Trends and Statistics
Utilities Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
AZRE's Receivable Turnover Ratio versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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Companies with similar Receivables Turnover Ratio for the quarter ending Mar 31 2023, within Utilities Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Mar 31 2023	Receivable at quarter ending Mar 31 2023
Energy Transfer Lp	9.96	$ 88,380.000 Millions	$ 8,871.250 Millions
Southwest Gas Holdings Inc	9.92	$ 8,185.647 Millions	$ 824.965 Millions
Edison International	9.91	$ 17,218.000 Millions	$ 1,738.000 Millions
Wisconsin Public Service Corporation	9.86	$ 1,797.800 Millions	$ 182.375 Millions
Ppl Corporation	9.71	$ 8,535.000 Millions	$ 879.250 Millions
Itc Holdings Corp	9.65	$ 1,484.000 Millions	$ 153.750 Millions
Berkshire Hathaway Energy Company	9.61	$ 26,653.000 Millions	$ 2,773.750 Millions
Wisconsin Electric Power Company	9.58	$ 4,090.200 Millions	$ 426.800 Millions
Rgc Resources Inc	9.48	$ 102.684 Millions	$ 10.828 Millions
Opal Fuels Inc	9.39	$ 229.441 Millions	$ 24.431 Millions
Pinnacle West Capital Corporation	9.32	$ 4,485.809 Millions	$ 481.448 Millions
Ipalco Enterprises Inc	9.12	$ 1,858.986 Millions	$ 203.855 Millions
Artesian Resources Corporation	9.11	$ 99.229 Millions	$ 10.891 Millions
Puget Energy Inc	9.06	$ 4,568.912 Millions	$ 504.386 Millions
Pure Cycle Corporation	9.01	$ 18.396 Millions	$ 2.043 Millions
Stabilis Solutions Inc	8.72	$ 102.801 Millions	$ 11.793 Millions
Pg and e Corp	8.71	$ 22,091.000 Millions	$ 2,535.500 Millions
Unitil Corporation	8.69	$ 590.800 Millions	$ 68.000 Millions
Alliant Energy Corp	8.68	$ 4,214.000 Millions	$ 485.750 Millions
Xplr Infrastructure Lp	8.67	$ 1,175.000 Millions	$ 135.500 Millions
Avista Corporation	8.58	$ 1,722.792 Millions	$ 200.841 Millions
Eversource Energy	8.44	$ 12,613.669 Millions	$ 1,494.226 Millions
Vistra Corp	8.39	$ 15,028.000 Millions	$ 1,791.750 Millions
Northwestern Energy Group Inc	8.11	$ 1,537.897 Millions	$ 189.722 Millions
Enterprise Products Partners L p	8.03	$ 57,622.000 Millions	$ 7,179.750 Millions
Portland General Electric Company	7.95	$ 2,769.000 Millions	$ 348.500 Millions
Ugi Corporation	7.91	$ 9,832.000 Millions	$ 1,243.750 Millions
Nustar Energy L p	7.88	$ 1,140.210 Millions	$ 144.633 Millions
Hawaiian Electric Industries inc	7.88	$ 3,791.297 Millions	$ 481.076 Millions
Nrg Energy Inc	7.74	$ 31,369.000 Millions	$ 4,053.750 Millions

Date modified: 2026-09-08T15:11:13+00:00

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