PAO Sovcomflot (MIC:FLOT) Receivables Turnover : 4.50 (As of Jun. 2023)

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What is PAO Sovcomflot 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. PAO Sovcomflot's Revenue for the three months ended in Jun. 2023 was ₽47,733 Mil. PAO Sovcomflot's average Accounts Receivable for the three months ended in Jun. 2023 was ₽10,617 Mil. Hence, PAO Sovcomflot's Receivables Turnover for the three months ended in Jun. 2023 was 4.50.

PAO Sovcomflot Receivables Turnover Historical Data

The historical data trend for PAO Sovcomflot'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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PAO Sovcomflot Receivables Turnover Chart

PAO Sovcomflot Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

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20.20

25.32

23.52

33.23

32.74

PAO Sovcomflot Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23
Receivables Turnover	Get a 7-Day Free Trial															7.44	5.99	6.12	7.11	4.50

Competitive Comparison of PAO Sovcomflot's Receivables Turnover

For the Oil & Gas Midstream subindustry, PAO Sovcomflot'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.

PAO Sovcomflot's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where PAO Sovcomflot's Receivables Turnover falls into.

PAO Sovcomflot Receivables Turnover Calculation

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

PAO Sovcomflot's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	113887.844	/ (	(3132.383	+	3825.027)	/	2 )
=	113887.844	/	3478.705
=	32.74

PAO Sovcomflot's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	47733.34	/ (	(3825.027	+	17409.822)	/	2 )
=	47733.34	/	10617.4245
=	4.50

PAO Sovcomflot (MIC:FLOT) 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.

PAO Sovcomflot Receivables Turnover Related Terms

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PAO Sovcomflot (MIC:FLOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PAO Sovcomflot (MIC:FLOT) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

6 Gasheka Street, Moscow, RUS, 125047

Website

https://www.scf-group.ru

PAO Sovcomflot is a shipping company. It provides maritime transportation of hydrocarbons, as well as the servicing and support of offshore exploration and oil and gas production. The company's operating segment includes Offshore services; Gas transportation; Crude oil transportation; Oil products transportation and others. It generates maximum revenue from the Offshore services segment.