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ADNOC Gas (ADX:ADNOCGAS) Receivables Turnover : 65.78 (As of Dec. 2023)


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What is ADNOC 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. ADNOC Gas's Revenue for the six months ended in Dec. 2023 was د.إ65,764 Mil. ADNOC Gas's average Accounts Receivable for the six months ended in Dec. 2023 was د.إ1,000 Mil. Hence, ADNOC Gas's Receivables Turnover for the six months ended in Dec. 2023 was 65.78.

ADNOC Gas Receivables Turnover Historical Data

The historical data trend for ADNOC 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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ADNOC Gas Receivables Turnover Chart

ADNOC Gas Annual Data
Trend Dec20 Dec21 Dec23
Receivables Turnover
- - 65.78

ADNOC Gas Semi-Annual Data
Dec20 Dec21 Dec23
Receivables Turnover - - 65.78

Competitive Comparison of ADNOC Gas's Receivables Turnover

For the Oil & Gas Integrated subindustry, ADNOC 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.

ADNOC Gas's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where ADNOC Gas's Receivables Turnover falls into.


ADNOC Gas Receivables Turnover Calculation

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

ADNOC 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. 2021 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=65763.765 / ((0 + 999.68) / 1 )
=65763.765 / 999.68
=65.78

ADNOC Gas'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: Dec. 2021 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=65763.765 / ((0 + 999.68) / 1 )
=65763.765 / 999.68
=65.78

* 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.

ADNOC Gas  (ADX:ADNOCGAS) 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.

ADNOC Gas Receivables Turnover Related Terms

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ADNOC Gas (ADX:ADNOCGAS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Gas PLC (ADX:ADNOCGAS) » Definitions » Receivables Turnover
Comparable Companies
Traded in Other Exchanges
N/A
Address
Corniche Road West, P.O. Box 898, Abu Dhabi, ARE
Website
https://www.adnoc.ae
ADNOC Gas PLC is an integrated gas processing company. It is responsible for operations, maintenance, and marketing across ADNOC's downstream gas processing, liquified natural gas (LNG), and industrial gases businesses.

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