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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. Nnk-Varyoganneftegaz PJSC's Revenue for the
six
months ended in Jun. 2023 was ₽34,230 Mil. Nnk-Varyoganneftegaz PJSC's average Accounts Receivable for the
six
months ended in Jun. 2023 was ₽8,585 Mil.
Hence, Nnk-Varyoganneftegaz PJSC's Receivables Turnover for the
six
months ended in Jun. 2023 was 3.99.
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.
Nnk-Varyoganneftegaz PJSC Receivables Turnover Related Terms
Nnk-Varyoganneftegaz PJSC Receivables Turnover Historical Data
* 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.
MIC:VJGZ vs COP, EOG, PXD: Receivables Turnover Comparison
For the Oil & Gas E&P subindustry, Nnk-Varyoganneftegaz PJSC'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.
Nnk-Varyoganneftegaz PJSC Receivables Turnover vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Nnk-Varyoganneftegaz PJSC's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Nnk-Varyoganneftegaz PJSC'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.
Nnk-Varyoganneftegaz PJSC (MIC:VJGZ) has a Receivables Turnover of 3.99 as of Jun. 2023. 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 Nnk-Varyoganneftegaz PJSC and its competitors.
Is Nnk-Varyoganneftegaz PJSC's Receivables Turnover too high?
Nnk-Varyoganneftegaz PJSC's current Receivables Turnover is 3.99. The Oil & Gas industry median Receivables Turnover is 8.13. Nnk-Varyoganneftegaz PJSC's value of 3.99 is 50.9% below this industry median. Overall, Nnk-Varyoganneftegaz PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Nnk-Varyoganneftegaz PJSC's Receivables Turnover compare to COP and EOG?
Nnk-Varyoganneftegaz PJSC's Receivables Turnover of 3.99 can be compared against companies in the Oil & Gas industry. The industry median Receivables Turnover is 8.13. Nnk-Varyoganneftegaz PJSC's value of 3.99 is 50.9% 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 8.13, based on 902 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. Nnk-Varyoganneftegaz PJSC's current Receivables Turnover of 3.99 is 50.9% 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 Nnk-Varyoganneftegaz PJSC and its competitors. For the Oil & Gas industry, the median Receivables Turnover is 8.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nnk-Varyoganneftegaz PJSC's current Receivables Turnover is 3.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nnk-Varyoganneftegaz PJSC stock overvalued right now?
Nnk-Varyoganneftegaz PJSC (MIC:VJGZ) has a current Receivables Turnover of 3.99. The current Receivables Turnover is 3.99 and 50.9% below the Oil & Gas industry median of 8.13. Nnk-Varyoganneftegaz PJSC's overall GF Score™ is 17/100. 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 Nnk-Varyoganneftegaz PJSC (MIC:VJGZ), the current Receivables Turnover is 3.99 as of Jun. 2023. 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.
Nnk-Varyoganneftegaz PJSC is a Russian company that operates in the oil and gas sector. The company is involved in the extraction and production of hydrocarbon raw materials.
17GF Score
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