Rompetrol Rafinare S.A. (BSE:RRC) Receivables Turnover : 5.41 (As of Sep. 2023)

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What is Rompetrol Rafinare S.A. 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. Rompetrol Rafinare S.A.'s Revenue for the three months ended in Sep. 2023 was lei4,822 Mil. Rompetrol Rafinare S.A.'s average Accounts Receivable for the three months ended in Sep. 2023 was lei891 Mil. Hence, Rompetrol Rafinare S.A.'s Receivables Turnover for the three months ended in Sep. 2023 was 5.41.

Rompetrol Rafinare S.A. Receivables Turnover Historical Data

The historical data trend for Rompetrol Rafinare S.A.'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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Rompetrol Rafinare S.A. Receivables Turnover Chart

Rompetrol Rafinare S.A. Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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23.88

22.27

14.34

20.55

27.62

Rompetrol Rafinare S.A. Quarterly Data
	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															6.42	6.35	4.81	5.22	5.41

Competitive Comparison of Rompetrol Rafinare S.A.'s Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Rompetrol Rafinare S.A.'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.

Rompetrol Rafinare S.A.'s Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Rompetrol Rafinare S.A.'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Rompetrol Rafinare S.A.'s Receivables Turnover falls into.

Rompetrol Rafinare S.A. Receivables Turnover Calculation

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

Rompetrol Rafinare S.A.'s Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	24610.656	/ (	(821.494	+	960.597)	/	2 )
=	24610.656	/	891.0455
=	27.62

Rompetrol Rafinare S.A.'s Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	4821.626	/ (	(948.969	+	832.649)	/	2 )
=	4821.626	/	890.809
=	5.41

Rompetrol Rafinare S.A. (BSE:RRC) 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.

Rompetrol Rafinare S.A. Receivables Turnover Related Terms

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Rompetrol Rafinare S.A. (BSE:RRC) Business Description

Industry

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Traded in Other Exchanges

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Address

Navodari Boulevard, no. 215, Administrative Building, Navodari, Constanta, ROU, 905700

Website

http://www.rompetrol-rafinare.ro

Rompetrol Rafinare S.A. is engaged in the Refining and marketing of petrochemical products. It operates Petromidia refinery in the Black Sea coast and Vega refinery in Ploiesti city and engaged in the manufacturing and trading of Petrochemical Products and Refining products. The company's segments include Refining, Petrochemicals, and Marketing. The company products include Polypropylene, High-Density Polyethylene, Low-Density Polyethylene, Aviation fuels, Car fuels, Bitumen, and others. The company has all of its operations in Romania and also exports internationally. The majority of the revenue is generated from Romania.