QEP Resources (STU:Q8Q) Receivables Turnover : 2.28 (As of Dec. 2020)

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What is QEP Resources 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. QEP Resources's Revenue for the three months ended in Dec. 2020 was €164.6 Mil. QEP Resources's average Accounts Receivable for the three months ended in Dec. 2020 was €72.3 Mil. Hence, QEP Resources's Receivables Turnover for the three months ended in Dec. 2020 was 2.28.

QEP Resources Receivables Turnover Historical Data

The historical data trend for QEP 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.

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QEP Resources Receivables Turnover Chart

QEP Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Receivables Turnover

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6.48

10.31

16.18

11.47

6.97

QEP Resources Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Receivables Turnover	Get a 7-Day Free Trial															3.01	2.39	1.34	1.91	2.28

Competitive Comparison of QEP Resources's Receivables Turnover

For the Oil & Gas E&P subindustry, QEP 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.

QEP Resources's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where QEP Resources's Receivables Turnover falls into.

QEP Resources Receivables Turnover Calculation

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

QEP Resources's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	595.457	/ (	(97.56	+	73.24)	/	2 )
=	595.457	/	85.4
=	6.97

QEP Resources's Receivables Turnover for the quarter that ended in Dec. 2020 is calculated as

	Receivables Turnover (Q: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2020 )	/ (	(Accounts Receivable (Q: Sep. 2020 )	+	Accounts Receivable (Q: Dec. 2020 ))	/	count )
=	164.564	/ (	(71.401	+	73.24)	/	2 )
=	164.564	/	72.3205
=	2.28

QEP Resources (STU:Q8Q) 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.

QEP Resources Receivables Turnover Related Terms

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QEP Resources (STU:Q8Q) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » QEP Resources Inc (STU:Q8Q) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

1050 17th Street, Suite 800, Denver, CO, USA, 80265

Website

http://www.qepres.com

QEP Resources Inc. is a crude oil and natural gas exploration and production company that focuses on resources in the United States. QEP's reserves are located in two main areas: the Southern Region, primarily Texas; and the Northern Region, primarily North Dakota. The company sells its oil, condensate, and natural gas liquid (NGL) production to gas-marketing firms, crude-oil refiners, midstream service providers, and other companies. QEP also sells gas volumes to industrial users, utility companies, wholesale marketers, and local distributors.

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