Abraxas Petroleum (STU:AXOA) Receivables Turnover : 1.84 (As of Dec. 2022)

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What is Abraxas Petroleum 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. Abraxas Petroleum's Revenue for the three months ended in Dec. 2022 was €9.22 Mil. Abraxas Petroleum's average Accounts Receivable for the three months ended in Dec. 2022 was €5.02 Mil. Hence, Abraxas Petroleum's Receivables Turnover for the three months ended in Dec. 2022 was 1.84.

Abraxas Petroleum Receivables Turnover Historical Data

The historical data trend for Abraxas Petroleum'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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Abraxas Petroleum Receivables Turnover Chart

Abraxas Petroleum Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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4.27

4.49

2.75

6.94

5.70

Abraxas Petroleum Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Receivables Turnover	Get a 7-Day Free Trial															1.67	1.18	1.94	2.09	1.84

Competitive Comparison of Abraxas Petroleum's Receivables Turnover

For the Oil & Gas E&P subindustry, Abraxas Petroleum'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.

Abraxas Petroleum's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Abraxas Petroleum's Receivables Turnover falls into.

Abraxas Petroleum Receivables Turnover Calculation

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

Abraxas Petroleum'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 )
=	46.952	/ (	(11.856	+	4.605)	/	2 )
=	46.952	/	8.2305
=	5.70

Abraxas Petroleum's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	9.217	/ (	(5.426	+	4.605)	/	2 )
=	9.217	/	5.0155
=	1.84

Abraxas Petroleum (STU:AXOA) 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.

Abraxas Petroleum Receivables Turnover Related Terms

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Abraxas Petroleum (STU:AXOA) Business Description

Industry

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Address

19100 Ridgewood Parkway, Suite 1200, San Antonio, TX, USA, 78259

Website

http://www.abraxaspetroleum.com

Abraxas Petroleum Corp is an independent energy company. It is primarily engaged in the acquisition, exploration, development, and production of oil and gas in the United States. The company's oil and gas assets are located in two operating regions, the Permian/Delaware Basin and the Rocky Mountain. It produces oil and gas from multiple stacked formations and various reservoirs, primarily the Bakken, Three Forks, and Red River formations. It generates the vast majority of its revenue from oil sales.

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