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Pioneer Natural Resources Co (LTS:0KIX) Receivables Turnover : 2.95 (As of Dec. 2023)


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What is Pioneer Natural Resources Co 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. Pioneer Natural Resources Co's Revenue for the three months ended in Dec. 2023 was $5,076 Mil. Pioneer Natural Resources Co's average Accounts Receivable for the three months ended in Dec. 2023 was $1,720 Mil. Hence, Pioneer Natural Resources Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.95.


Pioneer Natural Resources Co Receivables Turnover Historical Data

The historical data trend for Pioneer Natural Resources Co'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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Pioneer Natural Resources Co Receivables Turnover Chart

Pioneer Natural Resources Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.46 8.12 15.02 13.78 11.25

Pioneer Natural Resources Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 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 2.73 2.83 3.14 3.06 2.95

Competitive Comparison of Pioneer Natural Resources Co's Receivables Turnover

For the Oil & Gas E&P subindustry, Pioneer Natural Resources Co'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.


Pioneer Natural Resources Co's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pioneer Natural Resources Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pioneer Natural Resources Co's Receivables Turnover falls into.



Pioneer Natural Resources Co Receivables Turnover Calculation

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

Pioneer Natural Resources Co'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 )
=19374 / ((1853 + 1590) / 2 )
=19374 / 1721.5
=11.25

Pioneer Natural Resources Co'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 )
=5076 / ((1850 + 1590) / 2 )
=5076 / 1720
=2.95

* 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.


Pioneer Natural Resources Co  (LTS:0KIX) 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.


Pioneer Natural Resources Co Receivables Turnover Related Terms

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Pioneer Natural Resources Co (LTS:0KIX) Business Description

Address
777 Hidden Ridge, Irving, TX, USA, 75038
Headquartered in Irving, Texas, Pioneer Natural Resources is an independent oil and gas exploration and production company focusing on the Permian Basin in Texas. At year-end 2022, Pioneer's proven reserves were 2.4 billion barrels of oil equivalent with net production for the year of 650 mboe per day. Oil and natural gas liquids represented 79% of production.

Pioneer Natural Resources Co (LTS:0KIX) Headlines

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