Scorpio Tankers (MEX:STNG N) Receivables Turnover : 2.39 (As of Mar. 2025)

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What is Scorpio Tankers 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. Scorpio Tankers's Revenue for the three months ended in Mar. 2025 was MXN4,378 Mil. Scorpio Tankers's average Accounts Receivable for the three months ended in Mar. 2025 was MXN1,829 Mil. Hence, Scorpio Tankers's Receivables Turnover for the three months ended in Mar. 2025 was 2.39.

Scorpio Tankers Receivables Turnover Historical Data

The historical data trend for Scorpio Tankers'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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Scorpio Tankers Receivables Turnover Chart

Scorpio Tankers Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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1,004.18

659.51

88.45

66.80

238.73

Scorpio Tankers 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															3.33	1.73	1.40	2.39	2.39

Competitive Comparison of Scorpio Tankers's Receivables Turnover

For the Oil & Gas Midstream subindustry, Scorpio Tankers'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.

Scorpio Tankers's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Scorpio Tankers's Receivables Turnover falls into.

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Scorpio Tankers Receivables Turnover Calculation

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

Scorpio Tankers's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	25943.469	/ (	(9.455	+	207.89)	/	2 )
=	25943.469	/	108.6725
=	238.73

Scorpio Tankers's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	4377.727	/ (	(207.89	+	3450.521)	/	2 )
=	4377.727	/	1829.2055
=	2.39

Scorpio Tankers (MEX:STNG N) 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.

Scorpio Tankers Receivables Turnover Related Terms

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Scorpio Tankers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Scorpio Tankers Inc (MEX:STNG N) » Definitions » Receivables Turnover

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Traded in Other Exchanges

STNG:USA S0QA:Germany

Address

99 Boulevard du Jardin Exotique, Monaco, MCO, 98000

Website

https://www.scorpiotankers.com

Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owned, lease financed, or chartered in vessels spanning three different vessel segments Handymax, MR, and LR2. The company's fleet of tankers is the eco-friendly, and newest fleet on the water hauling clean petroleum products. It provides seaborne transportation of crude oil and refined petroleum products. The company generates the majority of its revenue from LR2.

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