What is Occidental Petroleum 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. Occidental Petroleum's Revenue for the
three
months ended in Dec. 2023 was $7,172 Mil. Occidental Petroleum's average Accounts Receivable for the
three
months ended in Dec. 2023 was $3,435 Mil.
Hence, Occidental Petroleum's Receivables Turnover for the
three
months ended in Dec. 2023 was 2.09.
Occidental Petroleum Receivables Turnover Historical Data
The historical data trend for Occidental Petroleum'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 Occidental Petroleum's Receivables Turnover
For the Oil & Gas E&P subindustry, Occidental Petroleum'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.
Occidental Petroleum's Receivables Turnover Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Occidental Petroleum's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Occidental Petroleum's Receivables Turnover falls into.
* 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.
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.
Occidental Petroleum Receivables Turnover Related Terms
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Occidental Petroleum (Occidental Petroleum) Business Description
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2022, the company reported net proved reserves of 3.8 billion barrels of oil equivalent. Net production averaged 1,159 thousand barrels of oil equivalent per day in 2022 at a ratio of 75% oil and natural gas liquids and 25% natural gas.
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