Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Targa Resources's Revenue for the
three
months ended in Mar. 2026 was MXN73,838 Mil. Targa Resources's average Accounts Receivable for the
three
months ended in Mar. 2026 was MXN28,529 Mil.
Hence, Targa Resources's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.59.
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.
Targa Resources Receivables Turnover Related Terms
Targa Resources Receivables Turnover Historical Data
* Premium members only.
The historical data trend for Targa Resources'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.
MEX:TRGP vs MPLX, OKE, ET: Receivables Turnover Comparison
For the Oil & Gas Midstream subindustry, Targa Resources'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.
Targa Resources Receivables Turnover vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Targa Resources's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Targa Resources'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.
Targa Resources (MEX:TRGP) has a Receivables Turnover of 2.59 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 Targa Resources and its competitors. According to the industry distribution chart, Targa Resources ranks #252 out of 893 companies in the Oil & Gas industry, placing it in the top 28.2%.
Is Targa Resources' Receivables Turnover too high?
Targa Resources' current Receivables Turnover is 2.59. The Oil & Gas industry median Receivables Turnover is 7.98. Targa Resources' value of 2.59 is 67.5% below this industry median. Based on the distribution chart, Targa Resources ranks #252 out of 893 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Targa Resources has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Targa Resources' Receivables Turnover compare to MPLX and OKE?
According to the Oil & Gas industry distribution chart, Targa Resources ranks #252 out of 893 companies for Receivables Turnover. This puts Targa Resources in the upper half of its industry. The industry median Receivables Turnover is 7.98. Targa Resources' value of 2.59 is 67.5% 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. Targa Resources's current Receivables Turnover of 2.59 is 67.5% 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 Targa Resources 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. Targa Resources's current Receivables Turnover is 2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Targa Resources stock overvalued right now?
Targa Resources (MEX:TRGP) has a current Receivables Turnover of 2.59. The stock's GF Value™ is MXN2,304.03, compared to a current price of MXN3,775.00 — trading 63.8% above its estimated fair value. The current Receivables Turnover is 2.59 and 67.5% below the Oil & Gas industry median of 7.98. Targa Resources' overall GF Score™ is 69/100 with 9 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 Targa Resources (MEX:TRGP), the current Receivables Turnover is 2.59 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 Targa Resources (MEX:TRGP) Overvalued in 2026?
Based on GuruFocus' analysis, Targa Resources stock appears to be overvalued.
The current stock price of MXN3,775.00 is trading 63.8% above its estimated GF Value™ of MXN2,304.03.
Key valuation signals for MEX:TRGP:
Receivables Turnover: 2.59
GF Value™: MXN2,304.03 vs. price of MXN3,775.00 (63.8% above fair value)
Industry Position: 67.5% below the Oil & Gas median (#252 of 893)
No single metric tells the full story. See the MEX:TRGP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Targa Resources Corp is a midstream firm that mainly operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset. It has two operating segments: Gathering and Processing, and, Logistics and Transportation (also referred to as the Downstream Business).
69GF Score
Get the complete analysis for MEX:TRGP
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:TRGP has been successfully added to your 
