TotalEnergies EP Gabon (XPAR:EC) Receivables Turnover : 1.73 (As of Dec. 2023)

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What is TotalEnergies EP Gabon 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. TotalEnergies EP Gabon's Revenue for the six months ended in Dec. 2023 was €212.9 Mil. TotalEnergies EP Gabon's average Accounts Receivable for the six months ended in Dec. 2023 was €123.0 Mil. Hence, TotalEnergies EP Gabon's Receivables Turnover for the six months ended in Dec. 2023 was 1.73.

TotalEnergies EP Gabon Receivables Turnover Historical Data

The historical data trend for TotalEnergies EP Gabon'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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TotalEnergies EP Gabon Receivables Turnover Chart

TotalEnergies EP Gabon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.59

2.11

4.36

4.69

3.40

TotalEnergies EP Gabon 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															2.40	2.80	2.50	1.69	1.73

Competitive Comparison of TotalEnergies EP Gabon's Receivables Turnover

For the Oil & Gas E&P subindustry, TotalEnergies EP Gabon'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.

TotalEnergies EP Gabon's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where TotalEnergies EP Gabon's Receivables Turnover falls into.

TotalEnergies EP Gabon Receivables Turnover Calculation

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

TotalEnergies EP Gabon'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 )
=	407.034	/ (	(112.324	+	127.157)	/	2 )
=	407.034	/	119.7405
=	3.40

TotalEnergies EP Gabon'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 )
=	212.856	/ (	(118.794	+	127.157)	/	2 )
=	212.856	/	122.9755
=	1.73

TotalEnergies EP Gabon (XPAR:EC) 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.

TotalEnergies EP Gabon Receivables Turnover Related Terms

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TotalEnergies EP Gabon (XPAR:EC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TotalEnergies EP Gabon (XPAR:EC) » Definitions » Receivables Turnover

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RZW:Germany

Address

boulevard Hourcq, Port-Gentil, GAB, BP 525

Website

http://www.total.ga

TotalEnergies EP Gabon explores for, produces and sells crude oil and natural gas. The company's sole operation is located in Gabon, Central Africa. Its mining operations are divided into mining concessions and operating licenses.