Archrock (FRA:54E) Receivables Turnover : 2.18 (As of Sep. 2024)

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What is Archrock 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. Archrock's Revenue for the three months ended in Sep. 2024 was €263.2 Mil. Archrock's average Accounts Receivable for the three months ended in Sep. 2024 was €120.7 Mil. Hence, Archrock's Receivables Turnover for the three months ended in Sep. 2024 was 2.18.

Archrock Receivables Turnover Historical Data

The historical data trend for Archrock'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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Archrock Receivables Turnover Chart

Archrock Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.67

6.65

7.74

7.17

7.46

Archrock Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															2.04	2.03	2.35	2.46	2.18

Competitive Comparison of Archrock's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Archrock'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.

Archrock's Receivables Turnover Distribution in the Oil & Gas Industry

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

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

Archrock Receivables Turnover Calculation

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

Archrock'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 )
=	908.139	/ (	(129.842	+	113.771)	/	2 )
=	908.139	/	121.8065
=	7.46

Archrock's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	263.237	/ (	(107.161	+	134.266)	/	2 )
=	263.237	/	120.7135
=	2.18

Archrock (FRA:54E) 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.

Archrock Receivables Turnover Related Terms

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Archrock Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Archrock Inc (FRA:54E) » Definitions » Receivables Turnover

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Traded in Other Exchanges

AROC:USA 54E:Germany

Address

9807 Katy Freeway, Suite 100, Houston, TX, USA, 77024

Website

https://www.archrock.com

Archrock Inc is an energy infrastructure company with focus on midstream natural gas compression and a commitment to helping customers produce, compress and transport natural gas. It has two business segments, Contract Operations, and Aftermarket Services. Under the umbrella of contract operations services, the company provides operations to meet customers' natural gas compression needs. Services include designing, owning, installing, operating, and maintaining equipment. Aftermarket Services business provides a full range of services to support the compression needs of customers that own compression equipment, including operations, maintenance, overhaul and reconfiguration services and sales of parts and components. It generates maximum revenue from the Contract Operations segment.

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