ADNOC Logistics & Services (ADX:ADNOCLS) Receivables Turnover : 25.19 (As of Dec. 2023)

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What is ADNOC Logistics & Services 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. ADNOC Logistics & Services's Revenue for the six months ended in Dec. 2023 was د.إ10,120 Mil. ADNOC Logistics & Services's average Accounts Receivable for the six months ended in Dec. 2023 was د.إ402 Mil. Hence, ADNOC Logistics & Services's Receivables Turnover for the six months ended in Dec. 2023 was 25.19.

ADNOC Logistics & Services Receivables Turnover Historical Data

The historical data trend for ADNOC Logistics & Services'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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ADNOC Logistics & Services Receivables Turnover Chart

ADNOC Logistics & Services Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

48.93

27.66

25.19

ADNOC Logistics & Services Semi-Annual Data
	Dec21	Dec22	Dec23
Receivables Turnover	48.93	27.66	25.19

Competitive Comparison of ADNOC Logistics & Services's Receivables Turnover

For the Marine Shipping subindustry, ADNOC Logistics & Services'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.

ADNOC Logistics & Services's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ADNOC Logistics & Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ADNOC Logistics & Services's Receivables Turnover falls into.

ADNOC Logistics & Services Receivables Turnover Calculation

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

ADNOC Logistics & Services'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 )
=	10119.786	/ (	(429	+	374.456)	/	2 )
=	10119.786	/	401.728
=	25.19

ADNOC Logistics & Services'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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	10119.786	/ (	(429	+	374.456)	/	2 )
=	10119.786	/	401.728
=	25.19

ADNOC Logistics & Services (ADX:ADNOCLS) 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.

ADNOC Logistics & Services Receivables Turnover Related Terms

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ADNOC Logistics & Services (ADX:ADNOCLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ADNOC Logistics & Services plc (ADX:ADNOCLS) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Abu Dhabi Global Market Square, Part of Level 28, 28, Al Sarab Tower, Al Maryah Island, Abu Dhabi, ARE, 764649

Website

https://www.adnoc.ae

ADNOC Logistics & Services plc provides fully-integrated, end-to-end services to ADNOC Group companies and our extensive range of customers in the global energy maritime industry. Its business is organised into six operating segments plus others namely tankers, gas carriers, dry bulk shipping (which includes containers), offshore logistics services, onshore logistics services, marine services, and others.

ADNOC Logistics & Services (ADX:ADNOCLS) Headlines

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