Viet Nam Petroleum Transport JSC (STC:VIP) Receivables Turnover : 1.62 (As of Mar. 2024)

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What is Viet Nam Petroleum Transport JSC 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. Viet Nam Petroleum Transport JSC's Revenue for the three months ended in Mar. 2024 was ₫128,300 Mil. Viet Nam Petroleum Transport JSC's average Accounts Receivable for the three months ended in Mar. 2024 was ₫79,304 Mil. Hence, Viet Nam Petroleum Transport JSC's Receivables Turnover for the three months ended in Mar. 2024 was 1.62.

Viet Nam Petroleum Transport JSC Receivables Turnover Historical Data

The historical data trend for Viet Nam Petroleum Transport JSC'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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Viet Nam Petroleum Transport JSC Receivables Turnover Chart

Viet Nam Petroleum Transport JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.67

7.31

9.94

9.89

5.45

Viet Nam Petroleum Transport JSC 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															1.50	1.63	1.62	1.58	1.62

Competitive Comparison of Viet Nam Petroleum Transport JSC's Receivables Turnover

For the Marine Shipping subindustry, Viet Nam Petroleum Transport JSC'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.

Viet Nam Petroleum Transport JSC's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Viet Nam Petroleum Transport JSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Viet Nam Petroleum Transport JSC's Receivables Turnover falls into.

Viet Nam Petroleum Transport JSC Receivables Turnover Calculation

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

Viet Nam Petroleum Transport JSC'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 )
=	549613.585	/ (	(124853.636	+	76730.873)	/	2 )
=	549613.585	/	100792.2545
=	5.45

Viet Nam Petroleum Transport JSC'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 )
=	128299.991	/ (	(76730.873	+	81877.749)	/	2 )
=	128299.991	/	79304.311
=	1.62

Viet Nam Petroleum Transport JSC (STC:VIP) 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.

Viet Nam Petroleum Transport JSC Receivables Turnover Related Terms

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Viet Nam Petroleum Transport JSC (STC:VIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Viet Nam Petroleum Transport JSC (STC:VIP) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

37 Phan Boi Chau, Quang Trung Ward, Hong Bang District, Hai Phong City, VNM

Website

http://www.vipco.com.vn

Viet Nam Petroleum Transport JSC is a Vietnam based company engaged in the marine transportation of petroleum and petroleum products. It also offers shipping agency, ship brokerage, customs brokerage, and business travel and inbound tourism services. The other activities of the company are trading in petroleum and infrastructure; trading in materials, equipment, spare parts; and constructing civil, industrial, traffic works and technical infrastructure for urban area and industrial zone.

Viet Nam Petroleum Transport JSC (STC:VIP) Headlines

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