Odfjell Drilling (Odfjell Drilling) Receivables Turnover : 1.22 (As of Mar. 2024)

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What is Odfjell Drilling 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. Odfjell Drilling's Revenue for the three months ended in Mar. 2024 was $121.9 Mil. Odfjell Drilling's average Accounts Receivable for the three months ended in Mar. 2024 was $100.3 Mil. Hence, Odfjell Drilling's Receivables Turnover for the three months ended in Mar. 2024 was 1.22.

Odfjell Drilling Receivables Turnover Historical Data

The historical data trend for Odfjell Drilling'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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Odfjell Drilling Receivables Turnover Chart

Odfjell Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.94

5.53

2.47

3.21

4.70

Odfjell Drilling 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															1.22	1.19	1.11	1.18	1.22

Competitive Comparison of Odfjell Drilling's Receivables Turnover

For the Oil & Gas Drilling subindustry, Odfjell Drilling'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.

Odfjell Drilling's Receivables Turnover Distribution in the Oil & Gas Industry

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

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

Odfjell Drilling Receivables Turnover Calculation

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

Odfjell Drilling'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 )
=	449.1	/ (	(91.1	+	99.9)	/	2 )
=	449.1	/	95.5
=	4.70

Odfjell Drilling'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 )
=	121.9	/ (	(99.9	+	100.7)	/	2 )
=	121.9	/	100.3
=	1.22

Odfjell Drilling (OTCPK:ODFJF) 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.

Odfjell Drilling Receivables Turnover Related Terms

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Odfjell Drilling (Odfjell Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Odfjell Drilling Ltd (OTCPK:ODFJF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ODLO:Sweden ODL:Norway 0QHX:UK OD3:Germany

Address

Crawpeel Road, Bergen House, Altens, Aberdeen, GBR, AB12 3LG

Website

https://www.odfjelldrilling.com

Odfjell Drilling Ltd is an integrated offshore drilling and oil service company. The company and its subsidiaries operates mobile offshore drilling units. It operates in the segments Own Fleet, External Fleet and Corporate / other. The Own Fleet segment operates mobile offshore drilling units owned by Odfjell Drilling. The External Fleet segment offers management services to other owners of drilling units; mainly operational management, management of regulatory requirements, marketing, contract negotiations and client relations, preparations for operation and mobilisation. Majority of revenue is generated from Own Fleet segment. Geographically, It operates in Norway.