Anton Oilfield Services Group (FRA:5AO) Receivables Turnover : 1.17 (As of Dec. 2023)

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What is Anton Oilfield Services Group 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. Anton Oilfield Services Group's Revenue for the six months ended in Dec. 2023 was €326.5 Mil. Anton Oilfield Services Group's average Accounts Receivable for the six months ended in Dec. 2023 was €278.8 Mil. Hence, Anton Oilfield Services Group's Receivables Turnover for the six months ended in Dec. 2023 was 1.17.

Anton Oilfield Services Group Receivables Turnover Historical Data

The historical data trend for Anton Oilfield Services Group'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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Anton Oilfield Services Group Receivables Turnover Chart

Anton Oilfield Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.84

1.58

1.61

1.80

2.08

Anton Oilfield Services Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.79	0.82	0.87	0.93	1.17

Competitive Comparison of Anton Oilfield Services Group's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Anton Oilfield Services Group'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.

Anton Oilfield Services Group's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Anton Oilfield Services Group's Receivables Turnover falls into.

Anton Oilfield Services Group Receivables Turnover Calculation

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

Anton Oilfield Services Group'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 )
=	569.551	/ (	(257.61	+	289.729)	/	2 )
=	569.551	/	273.6695
=	2.08

Anton Oilfield Services Group'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	326.51	/ (	(267.94	+	289.729)	/	2 )
=	326.51	/	278.8345
=	1.17

Anton Oilfield Services Group (FRA:5AO) 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.

Anton Oilfield Services Group Receivables Turnover Related Terms

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Anton Oilfield Services Group (FRA:5AO) Business Description

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ATONY:USA ATONF:USA 03337:Hong Kong

Address

No. 8, Pingcui West Road, Donghuqu, Chaoyang District, Beijing, CHN, 100102

Website

https://www.antonoil.com

Anton Oilfield Services Group is an investment holding company principally engaged in the provision of integrated oil and gas field development technical services. The Company operates its business through three segments. The Drilling Technology segment is engaged in the provision of engineering technical services and products to solve problems encountered in directional drilling, drilling assessment and enhanced reservoir contact and integrated drilling. The Well Completion segment is engaged in integrated well completion and stimulation services from integrated solutions for well completion, production, equipment, tools, and materials. The Oil Production Services segment is engaged in enabling economic recovery based on reservoir geological conditions.

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