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Denbury (Denbury) Receivables Turnover : 12.72 (As of Jun. 2023)


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What is Denbury 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. Denbury's Revenue for the three months ended in Jun. 2023 was $328 Mil. Denbury's average Accounts Receivable for the three months ended in Jun. 2023 was $26 Mil. Hence, Denbury's Receivables Turnover for the three months ended in Jun. 2023 was 12.72.


Denbury Receivables Turnover Historical Data

The historical data trend for Denbury'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.

* Premium members only.

Denbury Receivables Turnover Chart

Denbury Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 105.60 84.13 38.82 81.46 111.94

Denbury Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.05 23.29 19.66 13.76 12.72

Competitive Comparison of Denbury's Receivables Turnover

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


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

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

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



Denbury Receivables Turnover Calculation

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

Denbury'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 )
=1704.345 / ((10.832 + 19.619) / 2 )
=1704.345 / 15.2255
=111.94

Denbury's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=328.093 / ((29.77 + 21.8) / 2 )
=328.093 / 25.785
=12.72

* 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.


Denbury  (NYSE:DEN) 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.


Denbury Receivables Turnover Related Terms

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Denbury (Denbury) Business Description

Industry
Traded in Other Exchanges
N/A
Address
5851 Legacy Circle, Plano, TX, USA, 75024
Denbury Inc is an independent energy company. Its operations are focused on two key operating areas: the Gulf Coast and Rocky Mountain regions. The company is differentiated by its focus on CO2 EOR and the emerging CCUS industry, supported by the company's CO2 EOR technical and operational expertise and its CO2 pipeline infrastructure. The revenue is generated from oil, natural gas, and related product sales.
Executives
Nicole H. Jennings officer: Vice President and CAO 5851 LEGACY CIRCLE, SUITE 1200, PLANO TX 75024
David E Sheppard officer: EVP and COO 5851 LEGACY CIRCLE, SUITE 1200, PLANO TX 75024
Cindy A Yeilding director 5851 LEGACY DRIVE, SUITE 1200, PLANO TX 75024
Goldentree Asset Management Lp 10 percent owner 300 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022
Caroline Angoorly director 386 CAIRO JUNCTION ROAD, CATSKILL NY 12414
Steven A. Tananbaum 10 percent owner 300 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022
Goldentree Asset Management Llc 10 percent owner 300 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022
Brett Wiggs director 5851 LEGACY CIRCLE, SUITE 1200, PLANO TX 75024
Anthony Abate director C/O BATTERY VENTURES, 20 WILLIAM ST STE 200, WELLESLEY MA 02481
James N Chapman director 14 ALPINE ROAD, GREENWICH CT 06830
Mary M Vandeweghe director 1601 W. DIEHL ROAD, NAPERVILLE IL 60563
Mark C Allen officer: Sr. VP/CFO, Treas. & Ast. Sec. C/O DENBURY INC, 5851 LEGACY DRIVE, SUITE 1200, PLANO TX 75024
Alan Rhoades officer: VP & Chief Accounting Officer 5320 LEGACY DRIVE, PLANO TX 75024
James S. Matthews officer: SVP, General Counsel & Sec'y 5851 LEGACY CIRCLE, SUITE 1200, PLANO TX 75024
Christian S Kendall officer: President and CEO 5851 LEGACY CIRCLE, SUITE 1200, PLANO TX 75024