Santos (ASX:STO) Receivables Turnover : 4.74 (As of Dec. 2023)

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What is Santos 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. Santos's Revenue for the six months ended in Dec. 2023 was A$4,264 Mil. Santos's average Accounts Receivable for the six months ended in Dec. 2023 was A$899 Mil. Hence, Santos's Receivables Turnover for the six months ended in Dec. 2023 was 4.74.

Santos Receivables Turnover Historical Data

The historical data trend for Santos'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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Santos Receivables Turnover Chart

Santos Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.50

8.76

9.46

14.03

11.88

Santos Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.15	5.57	6.34	4.85	4.74

Competitive Comparison of Santos's Receivables Turnover

For the Oil & Gas E&P subindustry, Santos'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.

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

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

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

Santos Receivables Turnover Calculation

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

Santos'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 )
=	8798.166	/ (	(775.086	+	706.662)	/	2 )
=	8798.166	/	740.874
=	11.88

Santos'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	4263.876	/ (	(1090.68	+	706.662)	/	2 )
=	4263.876	/	898.671
=	4.74

Santos (ASX:STO) 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.

Santos Receivables Turnover Related Terms

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Santos (ASX:STO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Santos Ltd (ASX:STO) » Definitions » Receivables Turnover

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Traded in Other Exchanges

STOSF:USA SSLZY:USA STS1:Germany

Address

60 Flinders Street, Ground Floor Santos Centre, Adelaide, SA, AUS, 5000

Website

https://www.santos.com

Santos was founded in 1954. The company's name is an acronym for South Australia Northern Territory Oil Search. The first Cooper Basin gas discovery came in 1963, with initial supplies in 1969. Santos became a major enterprise, though over-reliance on the Cooper Basin, along with the Moomba field's inexorable decline, saw it struggle to maintain relevance in the first decade of the 21st century. However, the stage was set for a renaissance via conversion of coal seam gas into LNG in Queensland and conventional gas to LNG in PNG.

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