Parex Resources (TSX:PXT) Receivables Turnover : 3.07 (As of Mar. 2025)

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What is Parex 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. Parex Resources's Revenue for the three months ended in Mar. 2025 was C$385 Mil. Parex Resources's average Accounts Receivable for the three months ended in Mar. 2025 was C$125 Mil. Hence, Parex Resources's Receivables Turnover for the three months ended in Mar. 2025 was 3.07.

Parex Resources Receivables Turnover Historical Data

The historical data trend for Parex 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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Parex Resources Receivables Turnover Chart

Parex Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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5.16

8.13

11.63

12.85

14.59

Parex Resources Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															2.82	3.18	4.40	4.92	3.07

Competitive Comparison of Parex Resources's Receivables Turnover

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

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

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

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

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Parex Resources Receivables Turnover Calculation

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

Parex Resources'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 )
=	1835.279	/ (	(141.706	+	109.853)	/	2 )
=	1835.279	/	125.7795
=	14.59

Parex Resources's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	384.952	/ (	(109.853	+	140.819)	/	2 )
=	384.952	/	125.336
=	3.07

Parex Resources (TSX:PXT) 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.

Parex Resources Receivables Turnover Related Terms

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Parex Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parex Resources Inc (TSX:PXT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PARXF:USA QPX:Germany

Address

585 - 8th Avenue SW, Suite 2700, Eighth Avenue Place, West Tower, Calgary, AB, CAN, T2P 1G1

Website

https://www.parexresources.com

Parex Resources Inc engages in exploration, development, production, and marketing of oil and natural gas. The company is focused on development in two main basins: Llanos and Magdalena. The majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations. The operating segments of the company are; Columbia which is also its key revenue generating segment, and Canada.

Executives

Imad Mohsen	Senior Officer
Cam Grainger	Senior Officer
Sigmund Cornelius	Director
Eric Furlan	Senior Officer
Carmen Sylvain	Director
Michael Kruchten	Senior Officer
Wayne Kim Foo	Senior Officer
G.r. (bob) Mac Dougall	Director
Robert John Engbloom	Director
Daniel Ferreiro	Senior Officer
Kenneth George Pinsky	Senior Officer
Joshua Share	Senior Officer
Paul David Wright	Director
Ryan Fowler	Senior Officer
Leo Nicholas Distefano	Senior Officer

Parex Resources Headlines

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