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KLX Energy Services Holdings (KLX Energy Services Holdings) Receivables Turnover : 1.37 (As of Dec. 2023)


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What is KLX Energy Services Holdings 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. KLX Energy Services Holdings's Revenue for the three months ended in Dec. 2023 was $194.2 Mil. KLX Energy Services Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was $141.4 Mil. Hence, KLX Energy Services Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 1.37.


KLX Energy Services Holdings Receivables Turnover Historical Data

The historical data trend for KLX Energy Services Holdings'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.

KLX Energy Services Holdings Receivables Turnover Chart

KLX Energy Services Holdings Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 5.12 5.47 3.79 7.06 6.32

KLX Energy Services Holdings Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.50 1.38 1.32 1.39 1.37

Competitive Comparison of KLX Energy Services Holdings's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, KLX Energy Services Holdings'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.


KLX Energy Services Holdings's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where KLX Energy Services Holdings's Receivables Turnover falls into.



KLX Energy Services Holdings Receivables Turnover Calculation

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

KLX Energy Services Holdings'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 )
=888.4 / ((154.3 + 127) / 2 )
=888.4 / 140.65
=6.32

KLX Energy Services Holdings'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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=194.2 / ((155.7 + 127) / 2 )
=194.2 / 141.35
=1.37

* 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.


KLX Energy Services Holdings  (NAS:KLXE) 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.


KLX Energy Services Holdings Receivables Turnover Related Terms

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KLX Energy Services Holdings (KLX Energy Services Holdings) Business Description

Traded in Other Exchanges
Address
3040 Post Oak Boulevard, 15th Floor, Houston, TX, USA, 77056
KLX Energy Services Holdings Inc is a provider of completion, intervention and production services and products to the onshore oil and gas producing regions of the United States. It serves the companies engaged in the exploration and development of North American onshore conventional and unconventional oil and natural gas reserves. Its products and services offerings include surface facilities and equipment, pressure control services, wireline services, fishing services, and engineered products. The company's segments include Southwest; Rocky Mountains and Northeast/Mid-Con region.
Executives
Christopher J. Baker officer: See Remarks C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2900, HOUSTON TX 77002
Keefer Mcgovern Lehner officer: See Remarks C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002
Geoffrey C Stanford officer: Chief Accouting Officer 4400 POST OAK PARKWAY, SUITE 1000, HOUSTON TX 77027
Max Bouthillette officer: See Remarks C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002
Denham Capital Management Gp Llc 10 percent owner 185 DARTMOUTH STREET, BOSTON MA 02116
Denham Capital Management Lp 10 percent owner 185 DARTMOUTH STREET, BOSTON MA 02116
Denham Iv Continuation Fund Gp Lp 10 percent owner 185 DARTMOUTH STREET, BOSTON MA 02116
Stuart D Porter 10 percent owner 200 CLARENDON ST, 25TH FLOOR, BOSTON MA 02116
Denham Iv Continuation Gp Llc 10 percent owner 185 DARTMOUTH STREET, BOSTON MA 02116
Greene's Investment Holdings Llc 10 percent owner 185 DARTMOUTH STREET, BOSTON MA 02116
Denham Iv Continuation Fund Lp 10 percent owner 185 DARTMOUTH STREET, BOSTON MA 02116
Greene's Holding Corp 10 percent owner 185 DARTMOUTH STREET, BOSTON MA 02116
Robertson Corbin J Jr director, 10 percent owner, other: Member of 10% owner group 601 JEFFERSON STE 3600, HOUSTON TX 77002
John T Whates director 1400 CORPORATE CENTER WAY, WELLINGTON FL 33414
John T Collins director THE COLLINS GROUP, 60 STATE ST, SUITE 700, BOSTON MA 02109