OMV Petrom (LTS:0MA6) Receivables Turnover : 3.35 (As of Mar. 2024)

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What is OMV Petrom 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. OMV Petrom's Revenue for the three months ended in Mar. 2024 was lei8,544 Mil. OMV Petrom's average Accounts Receivable for the three months ended in Mar. 2024 was lei2,547 Mil. Hence, OMV Petrom's Receivables Turnover for the three months ended in Mar. 2024 was 3.35.

OMV Petrom Receivables Turnover Historical Data

The historical data trend for OMV Petrom'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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OMV Petrom Receivables Turnover Chart

OMV Petrom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.29

12.52

13.34

19.82

12.39

OMV Petrom Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.08	3.65	4.78	3.97	3.35

Competitive Comparison of OMV Petrom's Receivables Turnover

For the Oil & Gas Integrated subindustry, OMV Petrom'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.

OMV Petrom's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, OMV Petrom's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where OMV Petrom's Receivables Turnover falls into.

OMV Petrom Receivables Turnover Calculation

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

OMV Petrom's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	38807.91	/ (	(3548.45	+	2715.3)	/	2 )
=	38807.91	/	3131.875
=	12.39

OMV Petrom's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	8544	/ (	(2715.3	+	2379.42)	/	2 )
=	8544	/	2547.36
=	3.35

OMV Petrom (LTS:0MA6) 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.

OMV Petrom Receivables Turnover Related Terms

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OMV Petrom (LTS:0MA6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » OMV Petrom SA (LTS:0MA6) » Definitions » Receivables Turnover

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SNP:Romania

Address

22 Coralilor Street, District 1, Bucharest, ROU, 013329

Website

https://www.omvpetrom.com

OMV Petrom SA is an integrated oil and gas company operating in Romania. The company has three segments. The exploration & Production segment consists of the exploration, development, & production of crude oil, & natural gas. The refining & Marketing segment produces & delivers gasoline, diesel & other petroleum products to its customers, while through filling stations networks offers also a variety of services & non-oil business (NOB) goods. The gas business unit, part of the Gas & Power segment, has the objective to focus on gas sales, & becoming a regional player. Business division Power, part of the Gas & Power segment, mainly extends the gas value chain into a gas-fired power plant. The majority is from Refining & marketing segment. Geographically, key revenue is from Romania.

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