Petrovietnam Chemical And Services (HSTC:PVC) Receivables Turnover : 1.28 (As of Mar. 2025)

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What is Petrovietnam Chemical And 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. Petrovietnam Chemical And Services's Revenue for the three months ended in Mar. 2025 was ₫992,677 Mil. Petrovietnam Chemical And Services's average Accounts Receivable for the three months ended in Mar. 2025 was ₫775,556 Mil. Hence, Petrovietnam Chemical And Services's Receivables Turnover for the three months ended in Mar. 2025 was 1.28.

Petrovietnam Chemical And Services Receivables Turnover Historical Data

The historical data trend for Petrovietnam Chemical And 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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Petrovietnam Chemical And Services Receivables Turnover Chart

Petrovietnam Chemical And Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.54

3.23

2.65

2.69

3.20

Petrovietnam Chemical And Services Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															0.42	0.93	0.92	1.32	1.28

Competitive Comparison of Petrovietnam Chemical And Services's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Petrovietnam Chemical And 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.

Petrovietnam Chemical And Services's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Petrovietnam Chemical And Services's Receivables Turnover falls into.

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Petrovietnam Chemical And Services Receivables Turnover Calculation

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

Petrovietnam Chemical And 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 )
=	2957274.417	/ (	(1060194.747	+	786053.372)	/	2 )
=	2957274.417	/	923124.0595
=	3.20

Petrovietnam Chemical And Services's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	992677.342	/ (	(786053.372	+	765058.756)	/	2 )
=	992677.342	/	775556.064
=	1.28

Petrovietnam Chemical And Services (HSTC:PVC) 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.

Petrovietnam Chemical And Services Receivables Turnover Related Terms

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Petrovietnam Chemical And Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrovietnam Chemical And Services Corp (HSTC:PVC) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 167 Trung Kinh Street, 6th Floor, VPI Tower, Yen Hoa Commune, Cau Giay District, Hanoi, VNM

Website

http://pvdmc.com.vn

Petrovietnam Chemical And Services Corp is engaged in the exploiting, producing and trading materials and chemicals. It's products used in drilling mud and cement for oil and gas exploration drilling. The company also engaged in trading, ex-importing chemicals, equipment and materials for petroleum drilling, exploiting and processing industry and other industrial sectors.

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