Matador Resources Co (FRA:7MR) Receivables Turnover : 1.70 (As of Mar. 2024)

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What is Matador Resources Co 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. Matador Resources Co's Revenue for the three months ended in Mar. 2024 was €723 Mil. Matador Resources Co's average Accounts Receivable for the three months ended in Mar. 2024 was €424 Mil. Hence, Matador Resources Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.70.

Matador Resources Co Receivables Turnover Historical Data

The historical data trend for Matador Resources Co'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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Matador Resources Co Receivables Turnover Chart

Matador Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.10

5.74

11.49

10.57

6.59

Matador Resources Co Quarterly Data
	Jun19	Sep19	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															1.45	1.64	1.73	1.80	1.70

Competitive Comparison of Matador Resources Co's Receivables Turnover

For the Oil & Gas E&P subindustry, Matador Resources Co'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.

Matador Resources Co's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Matador Resources Co's Receivables Turnover falls into.

Matador Resources Co Receivables Turnover Calculation

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

Matador Resources Co'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 )
=	2583.758	/ (	(383.082	+	401.51)	/	2 )
=	2583.758	/	392.296
=	6.59

Matador Resources Co'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 )
=	722.516	/ (	(401.51	+	446.839)	/	2 )
=	722.516	/	424.1745
=	1.70

Matador Resources Co (FRA:7MR) 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.

Matador Resources Co Receivables Turnover Related Terms

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Matador Resources Co (FRA:7MR) Business Description

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MTDR:USA

Address

5400 LBJ Freeway, Suite 1500, One Lincoln Centre, Dallas, TX, USA, 75240

Website

https://www.matadorresources.com

Matador Resources Co is an independent energy company engaged in the exploration, development, production, and acquisition of oil and natural gas resources. The majority of the company's assets are located in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Along with maintaining a portfolio of oil and natural gas properties, Matador works to identify and develop midstream opportunities that support and enhance its exploration and development business. The company often uses advanced formation evaluation, 3-D seismic technology, horizontal drilling, and hydraulic fracturing technology to enhance the development of the basins in which it operates.

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