Cenovus Energy (TSX:CVE.PR.B.PFD) Receivables Turnover : 4.45 (As of Sep. 2024)

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What is Cenovus Energy 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. Cenovus Energy's Revenue for the three months ended in Sep. 2024 was C$14,249.00 Mil. Cenovus Energy's average Accounts Receivable for the three months ended in Sep. 2024 was C$3,199.50 Mil. Hence, Cenovus Energy's Receivables Turnover for the three months ended in Sep. 2024 was 4.45.

Cenovus Energy Receivables Turnover Historical Data

The historical data trend for Cenovus Energy'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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Cenovus Energy Receivables Turnover Chart

Cenovus Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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93.80

20.45

26.41

26.05

19.52

Cenovus Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															3.75	4.52	4.34	4.23	4.45

Competitive Comparison of Cenovus Energy's Receivables Turnover

For the Oil & Gas Integrated subindustry, Cenovus Energy'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.

Cenovus Energy's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Cenovus Energy's Receivables Turnover falls into.

Cenovus Energy Receivables Turnover Calculation

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

Cenovus Energy'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 )
=	55474	/ (	(2962	+	2722)	/	2 )
=	55474	/	2842
=	19.52

Cenovus Energy's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	14249	/ (	(3648	+	2751)	/	2 )
=	14249	/	3199.5
=	4.45

Cenovus Energy (TSX:CVE.PR.B.PFD) 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.

Cenovus Energy Receivables Turnover Related Terms

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Cenovus Energy Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cenovus Energy Inc (TSX:CVE.PR.B.PFD) » Definitions » Receivables Turnover

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Address

225 - 6 Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 1N2

Website

https://www.cenovus.com

Cenovus Energy Inc is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.

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