Civitas Resources (FRA:B2C) Receivables Turnover : 1.68 (As of Mar. 2024)

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What is Civitas Resources 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. Civitas Resources's Revenue for the three months ended in Mar. 2024 was €1,223 Mil. Civitas Resources's average Accounts Receivable for the three months ended in Mar. 2024 was €727 Mil. Hence, Civitas Resources's Receivables Turnover for the three months ended in Mar. 2024 was 1.68.

Civitas Resources Receivables Turnover Historical Data

The historical data trend for Civitas Resources'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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Civitas Resources Receivables Turnover Chart

Civitas Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.93

3.18

3.94

8.61

5.58

Civitas Resources 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															1.59	2.05	1.97	1.48	1.68

Competitive Comparison of Civitas Resources's Receivables Turnover

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

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

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

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

Civitas Resources Receivables Turnover Calculation

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

Civitas Resources'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 )
=	3190.463	/ (	(452.474	+	690.674)	/	2 )
=	3190.463	/	571.574
=	5.58

Civitas Resources'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 )
=	1222.867	/ (	(690.674	+	763.595)	/	2 )
=	1222.867	/	727.1345
=	1.68

Civitas Resources (FRA:B2C) 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.

Civitas Resources Receivables Turnover Related Terms

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Civitas Resources (FRA:B2C) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Civitas Resources Inc (FRA:B2C) » Definitions » Receivables Turnover

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CIVI:USA

Address

555 17th Street, Suite 3700, Denver, CO, USA, 80202

Website

https://www.civitasresources.com

Civitas Resources Inc is an independent exploration and production company engaged in the acquisition, development, and production of oil and associated liquids-rich natural gas in the Rocky Mountain region, in the Denver-Julesburg Basin of Colorado (DJ Basin). The company's operations are focused on developing the horizontal Niobrara and Codell formations that have a low-cost structure, mature infrastructure, production efficiencies, multiple producing horizons, multiple service providers, established reserves, and prospective drilling opportunities.

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