Equinor ASA (OSL:EQNR) Receivables Turnover : 2.25 (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Equinor ASA 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. Equinor ASA's Revenue for the three months ended in Mar. 2024 was kr266,247 Mil. Equinor ASA's average Accounts Receivable for the three months ended in Mar. 2024 was kr118,444 Mil. Hence, Equinor ASA's Receivables Turnover for the three months ended in Mar. 2024 was 2.25.

Equinor ASA Receivables Turnover Historical Data

The historical data trend for Equinor ASA'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.

* Premium members only.

Equinor ASA Receivables Turnover Chart

Equinor ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

8.55

6.07

8.72

10.35

8.07

Equinor ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.87	1.62	2.19	2.52	2.25

Competitive Comparison of Equinor ASA's Receivables Turnover

For the Oil & Gas Integrated subindustry, Equinor ASA'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.

Equinor ASA's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Equinor ASA's Receivables Turnover falls into.

Equinor ASA Receivables Turnover Calculation

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

Equinor ASA'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 )
=	1127182.291	/ (	(158615.125	+	120748.432)	/	2 )
=	1127182.291	/	139681.7785
=	8.07

Equinor ASA's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	266246.977	/ (	(120748.432	+	116138.822)	/	2 )
=	266246.977	/	118443.627
=	2.25

Equinor ASA (OSL:EQNR) 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.

Equinor ASA Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Equinor ASA's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Equinor ASA (OSL:EQNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Equinor ASA (OSL:EQNR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

STOHF:USA EQNR:USA EQNR:Sweden EQNR:Mexico EQNRo:UK 0M2Z:UK DNQA:Germany DNQ:Germany DNQ:Germany DNQA:Germany DNQ:Germany E1QN34:Brazil

Address

Forusbeen 50, Stavanger, NOR, N-4035

Website

https://www.equinor.com

Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.0 million barrels of oil equivalent per day in 2022 (50% liquids) and ended the year with 5.2 billion barrels of proven reserves (49% liquidsl). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.