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. Kodiak Gas Services's Revenue for the
three
months ended in Mar. 2024 was $215.5 Mil. Kodiak Gas Services's average Accounts Receivable for the
three
months ended in Mar. 2024 was $128.2 Mil.
Hence, Kodiak Gas Services's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.68.
Kodiak Gas Services Receivables Turnover Historical Data
The historical data trend for Kodiak Gas Services'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.
Competitive Comparison of Kodiak Gas Services's Receivables Turnover
For the Oil & Gas Equipment & Services subindustry, Kodiak Gas Services'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.
Kodiak Gas Services's Receivables Turnover Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Kodiak Gas Services's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Kodiak Gas Services's Receivables Turnover falls into.
Kodiak Gas Services Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Kodiak Gas Services's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Kodiak Gas Services (NYSE:KGS) 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.
Kodiak Gas Services Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Kodiak Gas Services's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Kodiak Gas Services (Kodiak Gas Services) Business Description
Kodiak Gas Services Inc is an operator of contract compression infrastructure in the United States. It manages business through two operating segments namely Compression Operations and Other Services. Compression Operations consist of operating company-owned and customer-owned compression infrastructure for customers, pursuant to fixed-revenue contracts to enable the production, gathering and transportation of natural gas and oil. Other Services consist of a full range of contract services to support the needs our customers, including station construction, maintenance and overhaul and other ancillary time and material-based offerings.
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