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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. Petrofac's Revenue for the
six
months ended in Jun. 2024 was $1,240 Mil. Petrofac's average Accounts Receivable for the
six
months ended in Jun. 2024 was $754 Mil.
Hence, Petrofac's Receivables Turnover for the
six
months ended in Jun. 2024 was 1.65.
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.
Petrofac Receivables Turnover Related Terms
Petrofac Receivables Turnover Historical Data
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The historical data trend for Petrofac'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.
POFCF vs SLB, BKR, HAL: Receivables Turnover Comparison
For the Oil & Gas Equipment & Services subindustry, Petrofac'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.
Petrofac Receivables Turnover vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Petrofac's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Petrofac'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.
Petrofac (POFCF) has a Receivables Turnover of 1.65 as of Jun. 2024. 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 Petrofac and its competitors.
Is Petrofac's Receivables Turnover too high?
Petrofac's current Receivables Turnover is 1.65. The Oil & Gas industry median Receivables Turnover is 8.00. Petrofac's value of 1.65 is 79.4% below this industry median. Overall, Petrofac has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Petrofac's Receivables Turnover compare to SLB and BKR?
Petrofac's Receivables Turnover of 1.65 can be compared against companies in the Oil & Gas industry. The industry median Receivables Turnover is 8.00. Petrofac's value of 1.65 is 79.4% 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 8.00, based on 891 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. Petrofac's current Receivables Turnover of 1.65 is 79.4% 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 Petrofac and its competitors. For the Oil & Gas industry, the median Receivables Turnover is 8.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petrofac's current Receivables Turnover is 1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petrofac stock overvalued right now?
Petrofac (POFCF) has a current Receivables Turnover of 1.65. The current Receivables Turnover is 1.65 and 79.4% below the Oil & Gas industry median of 8.00. Petrofac's overall GF Score™ is 12/100. 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 Petrofac (POFCF), the current Receivables Turnover is 1.65 as of Jun. 2024. 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.
Petrofac Ltd provides engineering and construction services to the oil and gas production and processing industry. It designs, builds, operates, and maintains oil and gas facilities. The operating segments of the company include Engineering and Construction, Asset solutions, and Integrated Energy Services. It derives the majority of its revenue from the Asset Solutions segment which mainly includes reimbursable engineering and production services activities to the oil and gas industry. Geographically, the company derives maximum revenue from the United Kingdom and the rest from Algeria, Lithuania, Malaysia, the United States of America, Oman, and various other countries.
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