INA-Industrija Nafte DD (ZAG:INA) Receivables Turnover : 2.61 (As of Mar. 2024)

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What is INA-Industrija Nafte DD 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. INA-Industrija Nafte DD's Revenue for the three months ended in Mar. 2024 was €808 Mil. INA-Industrija Nafte DD's average Accounts Receivable for the three months ended in Mar. 2024 was €310 Mil. Hence, INA-Industrija Nafte DD's Receivables Turnover for the three months ended in Mar. 2024 was 2.61.

INA-Industrija Nafte DD Receivables Turnover Historical Data

The historical data trend for INA-Industrija Nafte DD'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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INA-Industrija Nafte DD Receivables Turnover Chart

INA-Industrija Nafte DD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.68

8.95

13.97

15.07

11.63

INA-Industrija Nafte DD Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.30	2.86	3.46	3.12	2.61

Competitive Comparison of INA-Industrija Nafte DD's Receivables Turnover

For the Oil & Gas E&P subindustry, INA-Industrija Nafte DD'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.

INA-Industrija Nafte DD's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, INA-Industrija Nafte DD's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where INA-Industrija Nafte DD's Receivables Turnover falls into.

INA-Industrija Nafte DD Receivables Turnover Calculation

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

INA-Industrija Nafte DD'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 )
=	3970.554	/ (	(363.483	+	319.226)	/	2 )
=	3970.554	/	341.3545
=	11.63

INA-Industrija Nafte DD's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	808.2	/ (	(319.226	+	300.9)	/	2 )
=	808.2	/	310.063
=	2.61

INA-Industrija Nafte DD (ZAG:INA) 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.

INA-Industrija Nafte DD Receivables Turnover Related Terms

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INA-Industrija Nafte DD (ZAG:INA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » INA-Industrija Nafte DD (ZAG:INA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Avenija Veceslava, Holjevca 10, Zagreb, HRV, 10 020

Website

https://www.ina.hr

INA-Industrija Nafte dd is a medium-sized European oil and gas company. It is engaged in exploration and production of oil and gas deposits, import of natural gas and sale of imported and domestically produced natural gas to industrial consumers and municipal gas distributors, refining and production of oil products through refineries located at Rijeka and Sisak, and Zagreb lubricants plants. Its segments are Exploration and Production of Oil & Gas; Refining & Marketing; Corporate and other. Exploration and Production of Oil & Gas segment include exploration, production, and selling of crude oil and natural gas. Refining & Marketing segment includes crude oil processing, wholesale of refinery products, trading, and logistics.

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