Petrovietnam Drilling & Well Service (STC:PVD) Receivables Turnover : 1.00 (As of Dec. 2023)

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What is Petrovietnam Drilling & Well Service 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. Petrovietnam Drilling & Well Service's Revenue for the three months ended in Dec. 2023 was ₫1,771,068 Mil. Petrovietnam Drilling & Well Service's average Accounts Receivable for the three months ended in Dec. 2023 was ₫1,772,527 Mil. Hence, Petrovietnam Drilling & Well Service's Receivables Turnover for the three months ended in Dec. 2023 was 1.00.

Petrovietnam Drilling & Well Service Receivables Turnover Historical Data

The historical data trend for Petrovietnam Drilling & Well Service'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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Petrovietnam Drilling & Well Service Receivables Turnover Chart

Petrovietnam Drilling & Well Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.69

4.25

3.68

3.57

3.36

Petrovietnam Drilling & Well Service 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															0.88	0.66	0.71	0.72	1.00

Competitive Comparison of Petrovietnam Drilling & Well Service's Receivables Turnover

For the Oil & Gas Drilling subindustry, Petrovietnam Drilling & Well Service'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.

Petrovietnam Drilling & Well Service's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petrovietnam Drilling & Well Service's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Petrovietnam Drilling & Well Service's Receivables Turnover falls into.

Petrovietnam Drilling & Well Service Receivables Turnover Calculation

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

Petrovietnam Drilling & Well Service'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 )
=	5804412.485	/ (	(1735160.39	+	1719317.755)	/	2 )
=	5804412.485	/	1727239.0725
=	3.36

Petrovietnam Drilling & Well Service'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 )
=	1771068.371	/ (	(1825736.337	+	1719317.755)	/	2 )
=	1771068.371	/	1772527.046
=	1.00

Petrovietnam Drilling & Well Service (STC:PVD) 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.

Petrovietnam Drilling & Well Service Receivables Turnover Related Terms

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Petrovietnam Drilling & Well Service (STC:PVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrovietnam Drilling & Well Service Corp (STC:PVD) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

4th Floor, Sailing Tower, 111A Pasteur Street, Ben Nghe Ward, District 1, Ho Chi Minh, VNM

Website

http://www.pvdrilling.com.vn

Petrovietnam Drilling & Well Service Corp is a provider of drilling rigs and technical services for the exploration and exploitation of oil and gas industry locally and internationally. The company operates through three segments namely Drilling services, Trading, and Other services. Its Drilling services segment offers drilling rigs and drilling services. The Trading segment produces material and equipment for drilling-related activities. Its Other services segment is involved in administering well services, wireline logging, oil spill control service, drilling manpower supply service, investment-management project consulting service, management consulting service and other related services. Geographically it operates in Vietnam, Malaysia, Myanmar, Algeria.

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