Newfield Exploration Co (FRA:NX9) Receivables Turnover : 2.75 (As of Sep. 2018)

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What is Newfield Exploration Co 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. Newfield Exploration Co's Revenue for the three months ended in Sep. 2018 was €609 Mil. Newfield Exploration Co's average Accounts Receivable for the three months ended in Sep. 2018 was €222 Mil. Hence, Newfield Exploration Co's Receivables Turnover for the three months ended in Sep. 2018 was 2.75.

Newfield Exploration Co Receivables Turnover Historical Data

The historical data trend for Newfield Exploration Co'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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Newfield Exploration Co Receivables Turnover Chart

Newfield Exploration Co Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Receivables Turnover

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5.99

10.90

13.48

11.59

9.88

Newfield Exploration Co Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Receivables Turnover	Get a 7-Day Free Trial															2.71	2.95	2.90	2.93	2.75

Competitive Comparison of Newfield Exploration Co's Receivables Turnover

For the Oil & Gas E&P subindustry, Newfield Exploration Co'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.

Newfield Exploration Co's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Newfield Exploration Co's Receivables Turnover falls into.

Newfield Exploration Co Receivables Turnover Calculation

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

Newfield Exploration Co's Receivables Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Receivables Turnover (A: Dec. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2017 )	/ (	(Accounts Receivable (A: Dec. 2016 )	+	Accounts Receivable (A: Dec. 2017 ))	/	count )
=	1493.115	/ (	(154.524	+	147.875)	/	2 )
=	1493.115	/	151.1995
=	9.88

Newfield Exploration Co's Receivables Turnover for the quarter that ended in Sep. 2018 is calculated as

	Receivables Turnover (Q: Sep. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2018 )	/ (	(Accounts Receivable (Q: Jun. 2018 )	+	Accounts Receivable (Q: Sep. 2018 ))	/	count )
=	609.327	/ (	(220.848	+	222.82)	/	2 )
=	609.327	/	221.834
=	2.75

Newfield Exploration Co (FRA:NX9) 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.

Newfield Exploration Co Receivables Turnover Related Terms

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Newfield Exploration Co (FRA:NX9) Business Description

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Address

Website

http://www.newfield.com

Newfield Exploration Company is an independent exploration and production company that participates in exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company operates with a portfolio of onshore liquids-rich resource plays. Newfield Exploration has extensive drilling inventories in the United States' drilling areas. The majority of Newfield's operations are located in the Anadarko and Arkoma basins of Oklahoma, Willingston basin of North Dakota and Uinta basin of Utah. It also has oil producing assets offshore China. The majority of Newfield's oil, natural gas, and natural gas liquids are sold to a variety of purchasers under short-term contracts.

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