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Ocean Power Technologies Inc   (OPTT)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 

Ocean Power Technologies Inc Accounts Receivables Turnover Ratio from the third quarter 2024 to the third quarter 2023

Quarterly Results, Trends, Rankings, Statistics


Ocean Power Technologies Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2024 to a ratio of 5.72, above the company average. This is a clear sign of healthy business climate in the Electric Utilities industry and improving liquidity at their respective customers, during the third quarter 2024. Average receivable collection period, for the Ocean Power Technologies Inc in Jan 31 2024 quarter, has decreased to 64 days, compared to 72 days, in the Apr 30 2023 quarter.

If we take a look into Utilities sector 95 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Jan 31 2024 from 2828 to 3122.

What is Receivable Turnover Ratio?
What is Ocean Power Technologies Inc Selling?


What is Receivable Turnover Ratio?




OPTT Receivables Turnover Ratio (Jan 31 2024)
III. Quarter
(Apr 30 2023)
IV. Quarter
(Jan 31 2023)
III. Quarter
(Oct 31 2022)
II. Quarter
(Jul 31 2022)
I. Quarter
Y / Y Receivable Change 425.21 % 54.56 % 524.78 % 226.11 % -73.32 %
Y / Y Revenue Change 150.98 % 29.76 % 51.65 % 22.67 % 162.5 %
Receivable Turnover Ratio (TTM) 5.72 5.07 5.29 6.94 9.85
OPTT's Total Ranking # 3122 # 2828 # 2941 # #
Average receivable collection period 64 72 69 53 37
Seq. Receivable Change -16.11 % 5.52 % 20.27 % 393.28 % -75.31 %
Seq. Revenue Change 82.67 % 33.65 % 142.24 % -57.56 % -5.56 %


Receivable Turnover Company Ranking
Within: No.
Electric Utilities Industry # 49
Utilities Sector # 96
Overall Market # 3122

Receivable Turnover Ratio Statistics
High Average Low
0.16 0.06 0.02
(March 31, 2015)  






Financial Statements
Ocean Power Technologies Inc 's Accounts Receivable $ 1 Millions Visit OPTT's Balance sheet
Ocean Power Technologies Inc 's Sales TTM $ 4 Millions Visit OPTT's Income Statement
Where are OPTT's Sales coming from? Visit OPTT'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
OPTT's Receivable Turnover Ratio versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for OPTT's Competitors
Receivables Turnover Ratio for OPTT's Suppliers
Accounts Receivables Turnover Ratio for OPTT's Customers

You may also want to know
OPTT's Growth Rates OPTT's Roa OPTT's Inventory Turnover Ratio OPTT's Dividend Comparisons
OPTT's Profitability Ratios OPTT's Roi OPTT's Asset Turnover Ratio OPTT's Dividend Growth
OPTT's Valuation Ratios OPTT's Roe OPTT's Financial Strength Ratios OPTT's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Jan 31 2024, within Utilities Sector Receivable Turnover Ratio Revenues for 12 Months ending Jan 31 2024 Receivable at quarter ending Jan 31 2024
Allete Inc   15.03 $ 1,879.800  Millions$ 125.075  Millions
Oneok Inc   12.97 $ 17,677.000  Millions$ 1,363.000  Millions
Plains All American Pipeline Lp  12.82 $ 48,712.000  Millions$ 3,800.250  Millions
Plains Gp Holdings Lp  12.82 $ 48,712.000  Millions$ 3,800.250  Millions
Antero Midstream Corporation  12.08 $ 1,054.417  Millions$ 87.267  Millions
Ameren Corporation  12.03 $ 7,500.000  Millions$ 623.500  Millions
Duke Energy Corporation  11.64 $ 29,060.000  Millions$ 2,496.000  Millions
Northwest Natural Holding Company  11.48 $ 1,197.475  Millions$ 104.341  Millions
Rgc Resources Inc   11.03 $ 88.577  Millions$ 8.033  Millions
Enlink Midstream Llc  10.93 $ 6,900.100  Millions$ 631.275  Millions
Kinder Morgan Inc   10.77 $ 15,334.000  Millions$ 1,423.750  Millions
Idacorp Inc   10.24 $ 1,766.356  Millions$ 172.476  Millions
Stabilis Solutions Inc   10.24 $ 72.573  Millions$ 7.087  Millions
Spire Inc   9.85 $ 2,608.900  Millions$ 264.775  Millions
Berkshire Hathaway Energy Company  9.83 $ 25,602.000  Millions$ 2,603.250  Millions
Enterprise Products Partners L p   9.71 $ 69,553.100  Millions$ 7,162.700  Millions
Nisource Inc   9.45 $ 14,214.100  Millions$ 1,503.400  Millions
Usa Compression Partners Lp  9.41 $ 846.178  Millions$ 89.893  Millions
New Jersey Resources Corporation  9.14 $ 1,706.637  Millions$ 186.623  Millions
Southwest Gas Holdings Inc   9.13 $ 8,333.248  Millions$ 912.620  Millions
Energy Transfer Lp  9.00 $ 78,586.000  Millions$ 8,729.500  Millions
Pinnacle West Capital Corporation  8.87 $ 4,695.991  Millions$ 529.686  Millions
Alliant Energy Corp  8.87 $ 4,027.000  Millions$ 454.250  Millions
Mplx Lp  8.69 $ 11,281.000  Millions$ 1,297.500  Millions
Atmos Energy Corp  8.64 $ 3,949.815  Millions$ 457.406  Millions
Vistra Corp   8.56 $ 14,779.000  Millions$ 1,726.000  Millions
Pampa Energy Inc   8.45 $ 1,732.000  Millions$ 205.000  Millions
Nustar Energy L p   8.33 $ 1,155.567  Millions$ 138.800  Millions
Nrg Energy Inc  8.18 $ 28,823.000  Millions$ 3,524.750  Millions
Archrock inc   8.17 $ 990.337  Millions$ 121.261  Millions

Date modified: 2024-03-17T12:49:23+00:00



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