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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. National Refinery's Revenue for the
three
months ended in Mar. 2026 was ₨117,034 Mil. National Refinery's average Accounts Receivable for the
three
months ended in Mar. 2026 was ₨35,047 Mil.
Hence, National Refinery's Receivables Turnover for the
three
months ended in Mar. 2026 was 3.34.
National Refinery (KAR:NRL) 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.
National Refinery Receivables Turnover Related Terms
National Refinery Receivables Turnover Historical Data
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The historical data trend for National Refinery'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.
KAR:NRL vs MPC, VLO, PSX: Receivables Turnover Comparison
For the Oil & Gas Refining & Marketing subindustry, National Refinery'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.
National Refinery Receivables Turnover vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Refinery's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where National Refinery's Receivables Turnover falls into.
* 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.
National Refinery (KAR:NRL) has a Receivables Turnover of 3.34 as of Mar. 2026. The accounts 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. View historical data on National Refinery and its competitors. According to the industry distribution chart, National Refinery ranks #155 out of 893 companies in the Oil & Gas industry, placing it in the top 17.4%.
Is National Refinery's Receivables Turnover too high?
National Refinery's current Receivables Turnover is 3.34. The Oil & Gas industry median Receivables Turnover is 7.98. National Refinery's value of 3.34 is 58.1% below this industry median. Based on the distribution chart, National Refinery ranks #155 out of 893 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, National Refinery has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Refinery's Receivables Turnover compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, National Refinery ranks #155 out of 893 companies for Receivables Turnover. This places National Refinery in the top 17% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 7.98. National Refinery's value of 3.34 is 58.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Oil & Gas company?
The median Receivables Turnover among Oil & Gas companies is 7.98, based on 893 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Refinery's current Receivables Turnover of 3.34 is 58.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on National Refinery and its competitors. For the Oil & Gas industry, the median Receivables Turnover is 7.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Refinery's current Receivables Turnover is 3.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Refinery stock overvalued right now?
Based on GuruFocus' analysis, National Refinery (KAR:NRL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨332.73, compared to a current price of ₨434.82 — trading 30.7% above its estimated fair value. The current Receivables Turnover is 3.34 and 58.1% below the Oil & Gas industry median of 7.98. National Refinery's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For National Refinery (KAR:NRL), the current Receivables Turnover is 3.34 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is National Refinery (KAR:NRL) Overvalued in 2026?
Based on GuruFocus' analysis, National Refinery stock appears to be overvalued.
The current stock price of ₨434.82 is trading 30.7% above its estimated GF Value™ of ₨332.73.
GuruFocus considers National Refinery to be Significantly Overvalued.
Key valuation signals for KAR:NRL:
Receivables Turnover: 3.34
GF Value™: ₨332.73 vs. price of ₨434.82 (30.7% above fair value)
Industry Position: 58.1% below the Oil & Gas median (#155 of 893)
No single metric tells the full story. See the KAR:NRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Refinery Ltd is a Pakistan-based company engaged in manufacturing and supplying fuel products, lubes, BTX, asphalts and specialty products for domestic consumption and export. It is also involved in the crude oil refining business. The company operates through two segments namely Fuel and Lube. The Fuel segment, which is the key revenue driver, is engaged in the production of high-speed diesel, naphtha, motor gasoline, liquefied petroleum gas, jet fuels, and furnace oil. The Lube segment produces multiple grades of lube base oils, bitumen, waxes and rubber process oil and some quantities of other fuel products. It derives maximum revenue from Fuel Segment.
69GF Score
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