3R Petroleum Oleo E Gas (BSP:RRRP3) Receivables Turnover : 3.94 (As of Mar. 2024)

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What is 3R Petroleum Oleo E Gas 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. 3R Petroleum Oleo E Gas's Revenue for the three months ended in Mar. 2024 was R$2,008 Mil. 3R Petroleum Oleo E Gas's average Accounts Receivable for the three months ended in Mar. 2024 was R$509 Mil. Hence, 3R Petroleum Oleo E Gas's Receivables Turnover for the three months ended in Mar. 2024 was 3.94.

3R Petroleum Oleo E Gas Receivables Turnover Historical Data

The historical data trend for 3R Petroleum Oleo E Gas'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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3R Petroleum Oleo E Gas Receivables Turnover Chart

3R Petroleum Oleo E Gas Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.14

8.47

9.14

10.20

15.08

3R Petroleum Oleo E Gas Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.50	2.62	5.04	3.51	3.94

Competitive Comparison of 3R Petroleum Oleo E Gas's Receivables Turnover

For the Oil & Gas E&P subindustry, 3R Petroleum Oleo E Gas'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.

3R Petroleum Oleo E Gas's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, 3R Petroleum Oleo E Gas's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where 3R Petroleum Oleo E Gas's Receivables Turnover falls into.

3R Petroleum Oleo E Gas Receivables Turnover Calculation

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

3R Petroleum Oleo E Gas'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 )
=	5619.989	/ (	(223.252	+	522.022)	/	2 )
=	5619.989	/	372.637
=	15.08

3R Petroleum Oleo E Gas's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2007.601	/ (	(522.022	+	496.429)	/	2 )
=	2007.601	/	509.2255
=	3.94

3R Petroleum Oleo E Gas (BSP:RRRP3) 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.

3R Petroleum Oleo E Gas Receivables Turnover Related Terms

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3R Petroleum Oleo E Gas (BSP:RRRP3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 3R Petroleum Oleo E Gas SA (BSP:RRRP3) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Rua Visconde de Ouro Preto, number 5, Sala 601, Botafogo, Rio de Janeiro, RJ, BRA

Website

https://ri.3rpetroleum.com.br

3R Petroleum Oleo E Gas SA is engaged in the oil and gas sector with a focus on redevelopment of mature production fields located on land. Its purpose is to explore, produce, and sell oil and its derivatives, natural gas, and other fluid hydrocarbons.

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