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Excelerate Energy (Excelerate Energy) Receivables Turnover : 2.54 (As of Mar. 2024)


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What is Excelerate Energy 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. Excelerate Energy's Revenue for the three months ended in Mar. 2024 was $200 Mil. Excelerate Energy's average Accounts Receivable for the three months ended in Mar. 2024 was $79 Mil. Hence, Excelerate Energy's Receivables Turnover for the three months ended in Mar. 2024 was 2.54.


Excelerate Energy Receivables Turnover Historical Data

The historical data trend for Excelerate Energy'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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Excelerate Energy Receivables Turnover Chart

Excelerate Energy Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
24.69 18.51 6.23 14.54 13.11

Excelerate Energy Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.17 4.45 3.04 3.50 2.54

Competitive Comparison of Excelerate Energy's Receivables Turnover

For the Oil & Gas Midstream subindustry, Excelerate Energy'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.


Excelerate Energy's Receivables Turnover Distribution in the Oil & Gas Industry

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

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



Excelerate Energy Receivables Turnover Calculation

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

Excelerate Energy'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 )
=1158.963 / ((79.694 + 97.093) / 2 )
=1158.963 / 88.3935
=13.11

Excelerate Energy'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 )
=200.113 / ((97.093 + 60.749) / 2 )
=200.113 / 78.921
=2.54

* 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.


Excelerate Energy  (NYSE:EE) 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.


Excelerate Energy Receivables Turnover Related Terms

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Excelerate Energy (Excelerate Energy) Business Description

Traded in Other Exchanges
N/A
Address
2445 Technology Forest Boulevard, Level 6, The Woodlands, TX, USA, 77381
Excelerate Energy Inc is engaged in flexible LNG solutions, providing integrated services along the LNG value chain. The company offers a full range of flexible regasification services from FSRUs to infrastructure development, to LNG and natural gas supply.
Executives
David A. Liner officer: See Remarks C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD, THE WOODLANDS TX 77381
Deborah L Byers director C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Daniel H Bustos officer: See Remarks C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Michael Anthony Bent officer: See Remarks C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Excelerate Energy Holdings, Llc 10 percent owner 6733 S. YALE AVE., TULSA OK 74136
Excelerate Holdings, Llc 10 percent owner 6733 S. YALE AVE., TULSA OK 74136
Hood Alisa Newman officer: See Remarks C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Steven M Kobos director, officer: President and CEO C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Henry G Kleemeier director C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Paul T Hanrahan director C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Calvin A Bancroft officer: See Remarks C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Dana A Armstrong officer: See Remarks C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Robert Waldo director 6733 S. YALE AVE., TULSA, OK 74136
Amy Thompson Broussard officer: See Remarks C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Don P. Millican director 6733 S. YALE AVE., TULSA OK 74136