Paratus Energy Services (FRA:U6N) Receivables Turnover : 0.15 (As of Dec. 2024)

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What is Paratus Energy 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. Paratus Energy Services's Revenue for the three months ended in Dec. 2024 was €44.5 Mil. Paratus Energy Services's average Accounts Receivable for the three months ended in Dec. 2024 was €287.9 Mil. Hence, Paratus Energy Services's Receivables Turnover for the three months ended in Dec. 2024 was 0.15.

Paratus Energy Services Receivables Turnover Historical Data

The historical data trend for Paratus Energy 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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Paratus Energy Services Receivables Turnover Chart

Paratus Energy Services Annual Data

Trend

Dec22

Dec23

Dec24

Receivables Turnover

1.30

1.16

0.85

Paratus Energy Services Quarterly Data
	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial			-	0.28	0.34	0.22	0.15

Competitive Comparison of Paratus Energy Services's Receivables Turnover

For the Oil & Gas Drilling subindustry, Paratus Energy 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.

Paratus Energy Services's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Paratus Energy Services's Receivables Turnover falls into.

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Paratus Energy Services Receivables Turnover Calculation

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

Paratus Energy Services's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	204.275	/ (	(155.248	+	324.318)	/	2 )
=	204.275	/	239.783
=	0.85

Paratus Energy Services's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	44.503	/ (	(251.559	+	324.318)	/	2 )
=	44.503	/	287.9385
=	0.15

Paratus Energy Services (FRA:U6N) 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.

Paratus Energy Services Receivables Turnover Related Terms

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Paratus Energy Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Paratus Energy Services Ltd (FRA:U6N) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PLSV:Norway

Address

14 Par-La-Ville Road, Par-La-Ville Place, Hamilton, BMU, HM 08

Website

https://www.paratus-energy.com

Paratus Energy Services Ltd is a holding company. Through its subsidiaries, It operates as a drilling contractor that owns and operates five jack-up drilling units located in Mexico. It owns five jack-up rigs: West Intrepid, West Defender, West Courageous, West Oberon, and West Titania. Its other subsidiaries have a business that owns and operates six multipurpose pipelaying service vessels (PLSV) and is an oilfield service company that specializes in drilling and well services.

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