Granite Ridge Resources (Granite Ridge Resources) Receivables Turnover : 1.37 (As of Dec. 2023)

Granite Ridge Resources Receivables Turnover Chart

Granite Ridge Resources Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								1.61	1.32	1.44	1.57	1.37

Competitive Comparison of Granite Ridge Resources's Receivables Turnover

For the Oil & Gas E&P subindustry, Granite Ridge Resources'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.

Granite Ridge Resources's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Granite Ridge Resources's Receivables Turnover falls into.

Granite Ridge Resources Receivables Turnover Calculation

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

Granite Ridge Resources's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Granite Ridge Resources's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

* 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.

Granite Ridge Resources  (NYSE:GRNT) 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.

Granite Ridge Resources Receivables Turnover Related Terms

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Granite Ridge Resources (Granite Ridge Resources) Business Description