TotalEnergies Marketing Ghana (XGHA:TOTAL) Receivables Turnover : 2.27 (As of Mar. 2024)

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What is TotalEnergies Marketing Ghana 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. TotalEnergies Marketing Ghana's Revenue for the three months ended in Mar. 2024 was GHS1,560 Mil. TotalEnergies Marketing Ghana's average Accounts Receivable for the three months ended in Mar. 2024 was GHS686 Mil. Hence, TotalEnergies Marketing Ghana's Receivables Turnover for the three months ended in Mar. 2024 was 2.27.

TotalEnergies Marketing Ghana Receivables Turnover Historical Data

The historical data trend for TotalEnergies Marketing Ghana'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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TotalEnergies Marketing Ghana Receivables Turnover Chart

TotalEnergies Marketing Ghana Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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10.24

10.14

10.55

14.02

16.37

TotalEnergies Marketing Ghana Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.54	2.90	2.26	2.08	2.27

Competitive Comparison of TotalEnergies Marketing Ghana's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, TotalEnergies Marketing Ghana'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.

TotalEnergies Marketing Ghana's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where TotalEnergies Marketing Ghana's Receivables Turnover falls into.

TotalEnergies Marketing Ghana Receivables Turnover Calculation

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

TotalEnergies Marketing Ghana'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 )
=	5686.058	/ (	(260.807	+	433.868)	/	2 )
=	5686.058	/	347.3375
=	16.37

TotalEnergies Marketing Ghana'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1559.875	/ (	(758.083	+	614.21)	/	2 )
=	1559.875	/	686.1465
=	2.27

TotalEnergies Marketing Ghana (XGHA:TOTAL) 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.

TotalEnergies Marketing Ghana Receivables Turnover Related Terms

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TotalEnergies Marketing Ghana (XGHA:TOTAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TotalEnergies Marketing Ghana Plc (XGHA:TOTAL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25 Liberia Road, P.O. Box 553, Total House, Accra, GHA

Website

https://www.totalenergies.com.gh

TotalEnergies Marketing Ghana Plc is engaged in the business of marketing petroleum and allied products. The reportable operating segments derive their revenue mainly from the sales of petroleum and allied products. Revenue from sales to service stations Network and sales to consumer customers Commercial accounts for Ninety percent of the Company and Group's revenue. It offers services across the Aviation, Bitumen and Mining industries, besides the Manufacturing and Roads Sectors.

TotalEnergies Marketing Ghana (XGHA:TOTAL) Headlines

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