MOL Hungarian Oil and Gas (LTS:0RUK) Receivables Turnover : 2.33 (As of Sep. 2024)

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What is MOL Hungarian Oil and Gas 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. MOL Hungarian Oil and Gas's Revenue for the three months ended in Sep. 2024 was Ft2,464,123 Mil. MOL Hungarian Oil and Gas's average Accounts Receivable for the three months ended in Sep. 2024 was Ft1,059,243 Mil. Hence, MOL Hungarian Oil and Gas's Receivables Turnover for the three months ended in Sep. 2024 was 2.33.

MOL Hungarian Oil and Gas Receivables Turnover Historical Data

The historical data trend for MOL Hungarian Oil and Gas'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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MOL Hungarian Oil and Gas Receivables Turnover Chart

MOL Hungarian Oil and Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.83

7.54

10.61

14.43

11.35

MOL Hungarian Oil and Gas 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															2.56	2.44	2.28	2.26	2.33

Competitive Comparison of MOL Hungarian Oil and Gas's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, MOL Hungarian Oil and Gas'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.

MOL Hungarian Oil and Gas's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where MOL Hungarian Oil and Gas's Receivables Turnover falls into.

MOL Hungarian Oil and Gas Receivables Turnover Calculation

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

MOL Hungarian Oil and Gas'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 )
=	8908499	/ (	(803634	+	766199)	/	2 )
=	8908499	/	784916.5
=	11.35

MOL Hungarian Oil and Gas'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 )
=	2464123	/ (	(1071768	+	1046718)	/	2 )
=	2464123	/	1059243
=	2.33

MOL Hungarian Oil and Gas (LTS:0RUK) 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.

MOL Hungarian Oil and Gas Receivables Turnover Related Terms

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MOL Hungarian Oil and Gas Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

MOLFF:USA MGYOY:USA MOL:Poland MOL:Hungary MOGB:Germany MOL:Czech Republic

Address

Dombovari ut 28, Budapest, HUN, H-1117

Website

https://www.molgroup.info

MOL Hungarian Oil and Gas PLC is a multinational integrated oil and gas company. The group has various segments which include Upstream, Downstream, Consumer services, Gas midstream, and Corporate and other. The Downstream segment derives the majority of the revenue which consists of different business activities that are part of an integrated value chain that turns crude oil into a range of refined products, which are moved and marketed for household, industrial, and transport use. Geographically its sales come from Hungary, Croatia, Slovakia, Italy, Czech Republic, Romania, Austria, Europe, and the Rest of the World.

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