Koninklijke Vopak NV (Koninklijke Vopak NV) Receivables Turnover : 3.49 (As of Dec. 2023)

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What is Koninklijke Vopak NV 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. Koninklijke Vopak NV's Revenue for the six months ended in Dec. 2023 was $769 Mil. Koninklijke Vopak NV's average Accounts Receivable for the six months ended in Dec. 2023 was $220 Mil. Hence, Koninklijke Vopak NV's Receivables Turnover for the six months ended in Dec. 2023 was 3.49.

Koninklijke Vopak NV Receivables Turnover Historical Data

The historical data trend for Koninklijke Vopak NV'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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Koninklijke Vopak NV Receivables Turnover Chart

Koninklijke Vopak NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.48

11.54

11.40

11.32

11.53

Koninklijke Vopak NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.89	2.76	2.86	3.54	3.49

Competitive Comparison of Koninklijke Vopak NV's Receivables Turnover

For the Oil & Gas Midstream subindustry, Koninklijke Vopak NV'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.

Koninklijke Vopak NV's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Koninklijke Vopak NV's Receivables Turnover falls into.

Koninklijke Vopak NV Receivables Turnover Calculation

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

Koninklijke Vopak NV'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 )
=	1554.635	/ (	(135.805	+	133.915)	/	2 )
=	1554.635	/	134.86
=	11.53

Koninklijke Vopak NV's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	768.593	/ (	(305.959	+	133.915)	/	2 )
=	768.593	/	219.937
=	3.49

Koninklijke Vopak NV (OTCPK:VOPKF) 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.

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Koninklijke Vopak NV (Koninklijke Vopak NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Koninklijke Vopak NV (OTCPK:VOPKF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VOPKY:USA VPK:Netherlands VPKa:UK 0O8V:UK VPK5:Germany

Address

Westerlaan 10, Rotterdam, NLD, 3016 CK

Website

https://www.vopak.com

Koninklijke Vopak NV is a tank storage provider for the oil and chemical industry. The company provides storage facilities and handling services for bulk liquid products and gases, including oil, chemicals, gases, liquefied natural gas, and biofuels. The company organizes itself into five segments, which are principally based on geography: Europe & Africa, Asia & Middle East, China & North Asia, and Americas and LNG. The Netherlands contributes the largest portion of revenue, followed by Asia (principally Singapore), the Americas (principally the United States), and Europe, the Middle East, and Africa.

Koninklijke Vopak NV (Koninklijke Vopak NV) Headlines

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