TNK (Teekay Tankers) Receivables Turnover : 4.33 (As of Dec. 2024)

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What is Teekay Tankers 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. Teekay Tankers's Revenue for the three months ended in Dec. 2024 was $351 Mil. Teekay Tankers's average Accounts Receivable for the three months ended in Dec. 2024 was $81 Mil. Hence, Teekay Tankers's Receivables Turnover for the three months ended in Dec. 2024 was 4.33.

Teekay Tankers Receivables Turnover Historical Data

The historical data trend for Teekay Tankers'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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Teekay Tankers Receivables Turnover Chart

Teekay Tankers Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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13.45

14.04

14.93

12.74

12.48

Teekay Tankers Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															3.66	3.27	3.16	2.78	4.33

Competitive Comparison of Teekay Tankers's Receivables Turnover

For the Oil & Gas Midstream subindustry, Teekay Tankers'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.

Teekay Tankers's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Teekay Tankers's Receivables Turnover falls into.

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Teekay Tankers Receivables Turnover Calculation

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

Teekay Tankers's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1229.336	/ (	(114.647	+	82.44)	/	2 )
=	1229.336	/	98.5435
=	12.48

Teekay Tankers's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	351.125	/ (	(79.576	+	82.44)	/	2 )
=	351.125	/	81.008
=	4.33

Teekay Tankers (NYSE:TNK) 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.

Teekay Tankers Receivables Turnover Related Terms

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Teekay Tankers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Tankers Ltd (NYSE:TNK) » Definitions » Receivables Turnover

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Traded in Other Exchanges

0EAQ:UK S52:Germany S52:Germany

Address

26 Victoria Street, 2nd Floor, Swan Building, Hamilton, BMU, HM 12

Website

https://www.teekay.com

Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: Tankers, which consists of the operation of all of the company's tankers (including the operations from those tankers employed on full service lightering contracts), and the company's U.S. based ship-to-ship support service operations (including its lightering support services provided as part of full service lightering operations); and Marine Services, which consists of operational and maintenance marine services provided to the Australian government, Australian energy companies and other third parties. The company generates the majority of its revenue from the Tankers segment.