GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mach Natural Resources LP (NYSE:MNR) » Definitions » Receivables Turnover

Mach Natural Resources LP (Mach Natural Resources LP) Receivables Turnover : 1.65 (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Mach Natural Resources LP 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. Mach Natural Resources LP's Revenue for the three months ended in Mar. 2024 was $239.2 Mil. Mach Natural Resources LP's average Accounts Receivable for the three months ended in Mar. 2024 was $144.7 Mil. Hence, Mach Natural Resources LP's Receivables Turnover for the three months ended in Mar. 2024 was 1.65.

Mach Natural Resources LP Receivables Turnover Historical Data

The historical data trend for Mach Natural Resources LP'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.

* Premium members only.

Mach Natural Resources LP Receivables Turnover Chart

Mach Natural Resources LP Annual Data
Trend Dec21 Dec22 Dec23
Receivables Turnover
4.18 8.37 5.81

Mach Natural Resources LP Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only 1.48 2.34 1.74 2.05 1.65

Competitive Comparison of Mach Natural Resources LP's Receivables Turnover

For the Oil & Gas E&P subindustry, Mach Natural Resources LP'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.

Mach Natural Resources LP's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Mach Natural Resources LP's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mach Natural Resources LP's Receivables Turnover falls into.


Mach Natural Resources LP Receivables Turnover Calculation

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

Mach Natural Resources LP'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 )
=762.309 / ((130.074 + 132.206) / 2 )
=762.309 / 131.14
=5.81

Mach Natural Resources LP'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 )
=239.155 / ((132.206 + 157.255) / 2 )
=239.155 / 144.7305
=1.65

* 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.

Mach Natural Resources LP  (NYSE:MNR) 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.

Mach Natural Resources LP Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Mach Natural Resources LP's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Mach Natural Resources LP (Mach Natural Resources LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mach Natural Resources LP (NYSE:MNR) » Definitions » Receivables Turnover
Comparable Companies
TALO STR ESTE HPK KRP HHRS NEXT VTLE DMLP CRGY COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
N/A
Address
14201 Wireless Way, Suite 300, Oklahoma, OK, USA, 73134
Website
https://www.machresources.com
Mach Natural Resources LP is an independent upstream oil and gas company engaged in the acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas.
Executives
Frank A Keating director, other: See Remarks 6100 N WESTERN AVENUE, OKLAHOMA CITY OK 73118
Giesinger Edgar R. Jr. director, other: See Remarks 1915 SANDGATE FALLS, HOUSTON TX 77062
Tom L. Ward director, 10 percent owner, officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Kevin R. White officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
William Wallace Mcmullen director, 10 percent owner, other: See Remarks 1201 LOUISIANA STREET, SUITE 3308, HOUSTON TX 77002
Bayou City Energy Management Llc 10 percent owner 1201 LOUISIANA STREET, SUITE 3308, HOUSTON TX 77002
Reineke Daniel T Jr. officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Michael E Reel officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Stephen C Perich director, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Bce-mach Aggregator Llc 10 percent owner 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134