Etablissements Maurel & Prom (XPAR:MAU) Receivables Turnover : 4.74 (As of Dec. 2023)

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What is Etablissements Maurel & Prom 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. Etablissements Maurel & Prom's Revenue for the six months ended in Dec. 2023 was €351.3 Mil. Etablissements Maurel & Prom's average Accounts Receivable for the six months ended in Dec. 2023 was €74.2 Mil. Hence, Etablissements Maurel & Prom's Receivables Turnover for the six months ended in Dec. 2023 was 4.74.

Etablissements Maurel & Prom Receivables Turnover Historical Data

The historical data trend for Etablissements Maurel & Prom'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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Etablissements Maurel & Prom Receivables Turnover Chart

Etablissements Maurel & Prom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.58

3.31

14.66

20.00

9.75

Etablissements Maurel & Prom Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															9.60	11.32	8.56	5.77	4.74

Competitive Comparison of Etablissements Maurel & Prom's Receivables Turnover

For the Oil & Gas E&P subindustry, Etablissements Maurel & Prom'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.

Etablissements Maurel & Prom's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Etablissements Maurel & Prom's Receivables Turnover falls into.

Etablissements Maurel & Prom Receivables Turnover Calculation

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

Etablissements Maurel & Prom'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 )
=	625.532	/ (	(37.78	+	90.508)	/	2 )
=	625.532	/	64.144
=	9.75

Etablissements Maurel & Prom's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	351.265	/ (	(57.844	+	90.508)	/	2 )
=	351.265	/	74.176
=	4.74

Etablissements Maurel & Prom (XPAR:MAU) 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.

Etablissements Maurel & Prom Receivables Turnover Related Terms

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Etablissements Maurel & Prom (XPAR:MAU) Business Description

Industry

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ETX:Germany

Address

51, rue d'Anjou, Paris, FRA, 75008

Website

http://www.maureletprom.fr

Etablissements Maurel & Prom is a part of the oil & gas industry in France. It specializes in the extraction and production of hydrocarbons. Its activities are split into three segments, namely Exploration, Production, and Drilling. The production of hydrocarbons being its primary activity generates the bulk of the company's revenues. The Production segment focuses on the production of hydrocarbons in Gabon (oil) and Tanzania. The Drilling segment is known for its ownership of a fleet of drilling rigs. The company's revenue is generated through its activities in Africa.

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