PetroNor E&P ASA (OSL:PNOR) Receivables Turnover : 2.74 (As of Dec. 2023)

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What is PetroNor E&P ASA 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. PetroNor E&P ASA's Revenue for the three months ended in Dec. 2023 was kr788.3 Mil. PetroNor E&P ASA's average Accounts Receivable for the three months ended in Dec. 2023 was kr288.2 Mil. Hence, PetroNor E&P ASA's Receivables Turnover for the three months ended in Dec. 2023 was 2.74.

PetroNor E&P ASA Receivables Turnover Historical Data

The historical data trend for PetroNor E&P ASA'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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PetroNor E&P ASA Receivables Turnover Chart

PetroNor E&P ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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28.33

14.12

11.40

11.96

6.86

PetroNor E&P ASA Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									-	-	-	0.95	2.74

Competitive Comparison of PetroNor E&P ASA's Receivables Turnover

For the Oil & Gas E&P subindustry, PetroNor E&P ASA'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.

PetroNor E&P ASA's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PetroNor E&P ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PetroNor E&P ASA's Receivables Turnover falls into.

PetroNor E&P ASA Receivables Turnover Calculation

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

PetroNor E&P ASA'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 )
=	1976.209	/ (	(0	+	288.178)	/	1 )
=	1976.209	/	288.178
=	6.86

PetroNor E&P ASA'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 )
=	788.283	/ (	(0	+	288.178)	/	1 )
=	788.283	/	288.178
=	2.74

PetroNor E&P ASA (OSL:PNOR) 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.

PetroNor E&P ASA Receivables Turnover Related Terms

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PetroNor E&P ASA (OSL:PNOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroNor E&P ASA (OSL:PNOR) » Definitions » Receivables Turnover

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PNORo:Sweden

Address

Froyas gate 13, Oslo, NOR, 0273

Website

https://www.petronorep.com

PetroNor E&P ASA is an independent oil and gas exploration and production company. The principal activities of the group are the exploration and production of crude oil.

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