PetroChina Co (WBO:PECN) Receivables Turnover : 7.58 (As of Sep. 2024)

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What is PetroChina Co 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. PetroChina Co's Revenue for the three months ended in Sep. 2024 was €89,439 Mil. PetroChina Co's average Accounts Receivable for the three months ended in Sep. 2024 was €11,793 Mil. Hence, PetroChina Co's Receivables Turnover for the three months ended in Sep. 2024 was 7.58.

PetroChina Co Receivables Turnover Historical Data

The historical data trend for PetroChina Co'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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PetroChina Co Receivables Turnover Chart

PetroChina Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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40.79

32.82

52.24

51.35

41.62

PetroChina Co 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															8.56	8.36	10.00	8.10	7.58

Competitive Comparison of PetroChina Co's Receivables Turnover

For the Oil & Gas Integrated subindustry, PetroChina Co'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.

PetroChina Co's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where PetroChina Co's Receivables Turnover falls into.

PetroChina Co Receivables Turnover Calculation

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

PetroChina Co'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 )
=	386697.572	/ (	(9752.92	+	8830.822)	/	2 )
=	386697.572	/	9291.871
=	41.62

PetroChina Co'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 )
=	89439.148	/ (	(11538.772	+	12047.501)	/	2 )
=	89439.148	/	11793.1365
=	7.58

PetroChina Co (WBO:PECN) 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.

PetroChina Co Receivables Turnover Related Terms

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PetroChina Co Business Description

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PCCYF:USA 00857:Hong Kong PC6:Germany 601857:China

Address

No. 9 Dongzhimen North Street, Dongcheng District, Beijing, CHN, 100007

Website

http://www.petrochina.com.cn

PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2023, it produced more than 1.7 billion barrels of oil equivalent of oil and gas, and processed 1.4 billion barrels of crude oil. It also has more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 82%.

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