GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flex LNG Ltd (NYSE:FLNG) » Definitions » Receivables Turnover

Flex LNG (Flex LNG) Receivables Turnover : 33.20 (As of Dec. 2023)


View and export this data going back to 2013. Start your Free Trial

What is Flex LNG 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. Flex LNG's Revenue for the three months ended in Dec. 2023 was $97.2 Mil. Flex LNG's average Accounts Receivable for the three months ended in Dec. 2023 was $2.9 Mil. Hence, Flex LNG's Receivables Turnover for the three months ended in Dec. 2023 was 33.20.


Flex LNG Receivables Turnover Historical Data

The historical data trend for Flex LNG'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.

* Premium members only.

Flex LNG Receivables Turnover Chart

Flex LNG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.11 34.72 73.70 68.70 139.85

Flex LNG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.90 18.32 16.30 17.48 33.20

Competitive Comparison of Flex LNG's Receivables Turnover

For the Oil & Gas Midstream subindustry, Flex LNG'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.


Flex LNG's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Flex LNG's Receivables Turnover falls into.



Flex LNG Receivables Turnover Calculation

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

Flex LNG'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 )
=371.022 / ((4.859 + 0.447) / 2 )
=371.022 / 2.653
=139.85

Flex LNG'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 )
=97.234 / ((5.41 + 0.447) / 2 )
=97.234 / 2.9285
=33.20

* 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.


Flex LNG  (NYSE:FLNG) 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.


Flex LNG Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Flex LNG's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Flex LNG (Flex LNG) Business Description

Address
14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM08
Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow-speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state-of-the-art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil-off rates.

Flex LNG (Flex LNG) Headlines

From GuruFocus

Mondrian Investment Partners LTD Buys 3, Sells 2 in 4th Quarter

By GuruFocus Research GuruFocus Editor 02-03-2023

Top 5 2nd Quarter Trades of Mondrian Investment Partners LTD

By GuruFocus Research GuruFocus Editor 08-10-2022

Connect Online with Major LNG and LPG Company Executives

By Marketwired Marketwired 03-26-2020