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. Helmerich & Payne's Revenue for the
three
months ended in Mar. 2024 was $688 Mil. Helmerich & Payne's average Accounts Receivable for the
three
months ended in Mar. 2024 was $434 Mil.
Hence, Helmerich & Payne's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.59.
Helmerich & Payne Receivables Turnover Historical Data
The historical data trend for Helmerich & Payne'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.
Competitive Comparison of Helmerich & Payne's Receivables Turnover
For the Oil & Gas Drilling subindustry, Helmerich & Payne'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.
Helmerich & Payne's Receivables Turnover Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Helmerich & Payne's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Helmerich & Payne's Receivables Turnover falls into.
* 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.
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.
Helmerich & Payne Receivables Turnover Related Terms
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Helmerich & Payne (Helmerich & Payne) Business Description
Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. shale play and also has a small but growing presence internationally.
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