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Hascol Petroleum (KAR:HASCOL) Receivables Turnover : 20.20 (As of Sep. 2024)


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What is Hascol Petroleum 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. Hascol Petroleum's Revenue for the three months ended in Sep. 2024 was ₨39,810 Mil. Hascol Petroleum's average Accounts Receivable for the three months ended in Sep. 2024 was ₨1,971 Mil. Hence, Hascol Petroleum's Receivables Turnover for the three months ended in Sep. 2024 was 20.20.


Hascol Petroleum Receivables Turnover Historical Data

The historical data trend for Hascol Petroleum'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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Hascol Petroleum Receivables Turnover Chart

Hascol Petroleum Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.60 17.70 47.46 84.45 166.95

Hascol Petroleum Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.96 38.61 20.36 22.10 20.20

Competitive Comparison of Hascol Petroleum's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Hascol Petroleum'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.


Hascol Petroleum's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Hascol Petroleum's Receivables Turnover falls into.


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Hascol Petroleum Receivables Turnover Calculation

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

Hascol Petroleum's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=164777.958 / ((816.701 + 1157.27) / 2 )
=164777.958 / 986.9855
=166.95

Hascol Petroleum's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=39810.464 / ((1794.74 + 2146.769) / 2 )
=39810.464 / 1970.7545
=20.20

* 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.


Hascol Petroleum  (KAR:HASCOL) 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.


Hascol Petroleum Receivables Turnover Related Terms

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Hascol Petroleum Business Description

Traded in Other Exchanges
N/A
Address
Abdul Sattar Edhi Avenue, Block 4, Office No. 29, 29th floor, Sky Tower, West Wing (Tower A), Clifton, Dolmen City, Karachi, SD, PAK
Hascol Petroleum Ltd is engaged in the business of procurement, storage, and marketing of petroleum and related products such as high-speed diesel, gasoline, fuel oil, FUCHS lubricants.

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