INVX (Innovex International) Receivables Turnover : 0.00 (As of Sep. 2023)

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What is Innovex International 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. Innovex International's Revenue for the three months ended in Sep. 2023 was $0.0 Mil. Innovex International's average Accounts Receivable for the three months ended in Sep. 2023 was $125.9 Mil.

Innovex International Receivables Turnover Historical Data

The historical data trend for Innovex International'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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Innovex International Receivables Turnover Chart

Innovex International Annual Data

Trend

Dec21

Dec22

Receivables Turnover

3.68

4.58

Innovex International Quarterly Data
	Dec21	Sep22	Dec22	Sep23
Receivables Turnover	-	-	1.03	-

Competitive Comparison of Innovex International's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Innovex International'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.

Innovex International's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Innovex International's Receivables Turnover falls into.

Innovex International Receivables Turnover Calculation

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

Innovex International's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	467.189	/ (	(80.224	+	123.75)	/	2 )
=	467.189	/	101.987
=	4.58

Innovex International's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0	/ (	(123.75	+	128.085)	/	2 )
=	0	/	125.9175
=	N/A

Innovex International (NYSE:INVX) 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.

Innovex International Receivables Turnover Related Terms

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Innovex International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Innovex International Inc (NYSE:INVX) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Website

Innovex Downhole Solutions Inc designs, manufactures, sells and rents mission critical engineered products to the global oil and natural gas industry. Its products include Well head system, Drilling and development, Well construction, Well completion, Production solution and fishing and intervention.

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