APA Group (APA Group) Receivables Turnover : 6.24 (As of Dec. 2023)

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What is APA Group 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. APA Group's Revenue for the six months ended in Dec. 2023 was $999 Mil. APA Group's average Accounts Receivable for the six months ended in Dec. 2023 was $160 Mil. Hence, APA Group's Receivables Turnover for the six months ended in Dec. 2023 was 6.24.

APA Group Receivables Turnover Historical Data

The historical data trend for APA Group'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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APA Group Receivables Turnover Chart

APA Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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10.31

10.73

19.30

57.08

44.29

APA Group 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															8.29	7.86	5.85	5.49	6.24

Competitive Comparison of APA Group's Receivables Turnover

For the Utilities - Regulated Gas subindustry, APA Group'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.

APA Group's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, APA Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where APA Group's Receivables Turnover falls into.

APA Group Receivables Turnover Calculation

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

APA Group's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	1906.711	/ (	(35.089	+	51.007)	/	2 )
=	1906.711	/	43.048
=	44.29

APA Group'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 )
=	998.661	/ (	(51.007	+	269.076)	/	2 )
=	998.661	/	160.0415
=	6.24

APA Group (OTCPK:APAJF) 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.

APA Group Receivables Turnover Related Terms

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APA Group (APA Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » APA Group (OTCPK:APAJF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PJZ:Germany APA:Australia

Address

580 George Street, Level 25, Sydney, NSW, AUS, 2000

Website

https://www.apa.com.au

APA Group is Australia's largest gas infrastructure company with an extensive portfolio of transmission pipelines, distribution networks, and storage facilities, and is increasingly investing in renewable energy generation, electricity transmission, and batteries. It is internally managed and has direct operational control over all assets. It owns minority stakes in a few smaller gas infrastructure companies and manages operations for most of these. The stapled securities comprise a unit in Australian Pipeline Trust and in APT Investment Trust.