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Ashdod Refinery (XTAE:ARF) Receivables Turnover : 9.03 (As of Sep. 2024)


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What is Ashdod Refinery 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. Ashdod Refinery's Revenue for the three months ended in Sep. 2024 was ₪3,042 Mil. Ashdod Refinery's average Accounts Receivable for the three months ended in Sep. 2024 was ₪337 Mil. Hence, Ashdod Refinery's Receivables Turnover for the three months ended in Sep. 2024 was 9.03.


Ashdod Refinery Receivables Turnover Historical Data

The historical data trend for Ashdod Refinery'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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Ashdod Refinery Receivables Turnover Chart

Ashdod Refinery Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
- 42.76 50.82 34.78

Ashdod Refinery Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.31 6.57 7.77 8.31 9.03

Competitive Comparison of Ashdod Refinery's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Ashdod Refinery'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.


Ashdod Refinery's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Ashdod Refinery's Receivables Turnover falls into.



Ashdod Refinery Receivables Turnover Calculation

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

Ashdod Refinery'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 )
=13602.024 / ((382.039 + 400.06) / 2 )
=13602.024 / 391.0495
=34.78

Ashdod Refinery'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 )
=3041.894 / ((418.08 + 255.894) / 2 )
=3041.894 / 336.987
=9.03

* 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.


Ashdod Refinery  (XTAE:ARF) 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.


Ashdod Refinery Receivables Turnover Related Terms

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Ashdod Refinery Business Description

Traded in Other Exchanges
N/A
Address
Hanet 1, Ashdod, ISR, 7752169
Ashdod Refinery Ltd is a company involved in imports and refining of crude oil and intermediates for petroleum distillates intended for marketing in the local market and for export purposes.

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