Forum Energy Technologies (NYSE:FET) Receivables Turnover

: 1.26 (As of Dec. 2022)

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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. Forum Energy Technologies's Revenue for the three months ended in Dec. 2022 was $190.7 Mil. Forum Energy Technologies's average Accounts Receivable for the three months ended in Dec. 2022 was $151.0 Mil. Hence, Forum Energy Technologies's Receivables Turnover for the three months ended in Dec. 2022 was 1.26.

Forum Energy Technologies Receivables Turnover Historical Data

The historical data trend for Forum Energy Technologies'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.

* Premium members only.

Forum Energy Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

5.20

5.31

4.37

5.29

5.03

Forum Energy Technologies Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Receivables Turnover																1.23	1.21	1.23	1.23	1.26

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Forum Energy Technologies'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.

Annual Data Quarterly Data

Forum Energy Technologies Receivables Turnover Distribution

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

* The bar in red indicates where Forum Energy Technologies's Receivables Turnover falls in comparison to its industry or sector. The grey bar indicates the Receivables Turnover's extreme value range as defined by GuruFocus.

Forum Energy Technologies Receivables Turnover Calculation

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

Forum Energy Technologies's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	699.913	/ (	(123.903	+	154.247)	/	2 )
=	699.913	/	139.075
=	5.03

Forum Energy Technologies's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	190.658	/ (	(147.783	+	154.247)	/	2 )
=	190.658	/	151.015
=	1.26

Forum Energy Technologies (NYSE:FET) 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.

Forum Energy Technologies Receivables Turnover Related Terms

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Forum Energy Technologies (NYSE:FET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Forum Energy Technologies Inc (NYSE:FET) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

1FE1:Germany

Address

10344 Sam Houston Park Drive, Suite 300, Houston, TX, USA, 77064

Website

https://www.f-e-t.com

Forum Energy Technologies Inc is a global products company, serving the drilling, downhole, subsea, completions, and production sectors of the energy industry. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include highly engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in three reporting segments, namely drilling and downhole, completions, and production. Revenue largely comes from consumable products and activity-based equipment. Consumable products include valves, centrifugal pumps, mud pump fluid end components, rig sensors, inserts, and dies.

Executives

Katherine Campbell Keller	officer: VP PAO	10344 SAM HOUSTON PARK DRIVE, SUITE 300, HOUSTON TX 77064
Rowsey Paul E Iii	director	CRESCENT REAL ESTATE EQUAITIES LTD, 777 MAIN STREET, FORT WORTH TX 76102
Emily Reichert	director	10344 SAM HOUSTON PARK DRIVE, SUITE 300, HOUSTON TX 77064
Neal Lux	officer: SVP Operations	10344 SAM HOUSTON PARK DRIVE, SUITE 300, HOUSTON TX 77064
John Mcelroy	officer: Principal Accounting Officer	10344 SAM HOUSTON PARK DRIVE, HOUSTON TX 77064
Scf Gp Llc	10 percent owner	600 TRAVIS STREET, SUITE 6600, HOUSTON TX 77002
John C Ivascu	officer: SVP and General Counsel	920 MEMORIAL CITY WAY, SUITE 1000, HOUSTON TX 77024
Williams David Lyle Jr.	officer: VP - Operations Finance	920 MEMORIAL CITY WAY, SUITE 1000, HOUSTON TX 77024
Prady Iyyanki	officer: EVP & Chief Operating Officer	920 MEMORIAL CITY WAY, SUITE 1000, HOUSTON TX 77024
Scf Partners, Inc.	10 percent owner, other: Member of Group	600 TRAVIS STE 6600, HOUSTON TX 77002
Scf V Lp	10 percent owner, other: Member of Group
Scf Vi Lp	10 percent owner, other: Member of Group	600 TRAVIS STE 6600, HOUSTON TX 77002
Scf-vi, G.p., Limited Partnership	10 percent owner, other: Member of Group	600 TRAVIS STREET, SUITE 6600, HOUSTON TX 77002
Scf-v, G.p., Limited Partnership	10 percent owner, other: Member of Group	600 TRAVIS STREET, SUITE 6600, HOUSTON TX 77002
Scf-vii, G.p., Limited Partnership	10 percent owner, other: Member of Group	600 TRAVIS, SUITE 6600, HOUSTON TX 77002