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Refinaria De Petroleos Manguinhos (BSP:RPMG3) Receivables Turnover : 3.56 (As of Sep. 2023)


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What is Refinaria De Petroleos Manguinhos 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. Refinaria De Petroleos Manguinhos's Revenue for the three months ended in Sep. 2023 was R$1,271 Mil. Refinaria De Petroleos Manguinhos's average Accounts Receivable for the three months ended in Sep. 2023 was R$357 Mil. Hence, Refinaria De Petroleos Manguinhos's Receivables Turnover for the three months ended in Sep. 2023 was 3.56.


Refinaria De Petroleos Manguinhos Receivables Turnover Historical Data

The historical data trend for Refinaria De Petroleos Manguinhos'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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Refinaria De Petroleos Manguinhos Receivables Turnover Chart

Refinaria De Petroleos Manguinhos Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.74 1.38 1.18 1.44 4.83

Refinaria De Petroleos Manguinhos Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.07 1.56 3.22 3.97 3.56

Competitive Comparison of Refinaria De Petroleos Manguinhos's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Refinaria De Petroleos Manguinhos'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.


Refinaria De Petroleos Manguinhos's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Refinaria De Petroleos Manguinhos's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Refinaria De Petroleos Manguinhos's Receivables Turnover falls into.



Refinaria De Petroleos Manguinhos Receivables Turnover Calculation

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

Refinaria De Petroleos Manguinhos's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=4981.609 / ((1521.201 + 539.748) / 2 )
=4981.609 / 1030.4745
=4.83

Refinaria De Petroleos Manguinhos's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=1271.491 / ((289.33 + 424.799) / 2 )
=1271.491 / 357.0645
=3.56

* 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.


Refinaria De Petroleos Manguinhos  (BSP:RPMG3) 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.


Refinaria De Petroleos Manguinhos Receivables Turnover Related Terms

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Refinaria De Petroleos Manguinhos (BSP:RPMG3) Business Description

Traded in Other Exchanges
N/A
Address
Avenida Brasil, 3141, Manguinhos, Rio de Janeiro, RJ, BRA, 20930041
Refinaria De Petroleos Manguinhos SA is engaged in the operation of the oil refinery, import, sale and export of crude oil and its derivatives, and provision of services related to the refining activity, among others.

Refinaria De Petroleos Manguinhos (BSP:RPMG3) Headlines

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