Petrol AD (XBUL:PET) Receivables Turnover

: 6.34 (As of Mar. 2023)

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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. Petrol AD's Revenue for the three months ended in Mar. 2023 was лв138.8 Mil. Petrol AD's average Accounts Receivable for the three months ended in Mar. 2023 was лв21.9 Mil. Hence, Petrol AD's Receivables Turnover for the three months ended in Mar. 2023 was 6.34.

Petrol AD Receivables Turnover Historical Data

The historical data trend for Petrol AD'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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Petrol AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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21.19

20.72

17.18

23.74

37.05

Petrol AD Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
Receivables Turnover	Get a 7-Day Free Trial															5.31	5.18	6.18	-	6.34

Competitive Comparison

For the Oil & Gas Refining & Marketing subindustry, Petrol AD'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.

Petrol AD Receivables Turnover Distribution

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

* The bar in red indicates where Petrol AD's Receivables Turnover falls into.

Petrol AD Receivables Turnover Calculation

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

Petrol AD'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 )
=	812.431	/ (	(22.553	+	21.3)	/	2 )
=	812.431	/	21.9265
=	37.05

Petrol AD's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	138.78	/ (	(21.3	+	22.466)	/	2 )
=	138.78	/	21.883
=	6.34

Petrol AD (XBUL:PET) 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.

Petrol AD Receivables Turnover Related Terms

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Petrol AD (XBUL:PET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrol AD (XBUL:PET) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

bul. Cherni vrah 43, rayon Lozenets, Sofia, BGR, 1407

Website

http://www.petrol.bg

Petrol AD is engaged in the distribution of fuels in Bulgaria. Its other business activities comprise selling of fuel at retail and wholesale, storage of fuels and maintenance of fuel sales facilities.