Technip Energies NV (XPAR:TE) Receivables Turnover : 2.48 (As of Dec. 2023)

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What is Technip Energies NV 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. Technip Energies NV's Revenue for the six months ended in Dec. 2023 was €3,173 Mil. Technip Energies NV's average Accounts Receivable for the six months ended in Dec. 2023 was €1,278 Mil. Hence, Technip Energies NV's Receivables Turnover for the six months ended in Dec. 2023 was 2.48.

Technip Energies NV Receivables Turnover Historical Data

The historical data trend for Technip Energies NV'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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Technip Energies NV Receivables Turnover Chart

Technip Energies NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.72

5.80

6.13

5.40

4.80

Technip Energies NV Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							2.82	3.39	2.86	2.15	2.48

Competitive Comparison of Technip Energies NV's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Technip Energies NV'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.

Technip Energies NV's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Technip Energies NV's Receivables Turnover falls into.

Technip Energies NV Receivables Turnover Calculation

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

Technip Energies NV'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 )
=	6003.6	/ (	(1287.4	+	1214.6)	/	2 )
=	6003.6	/	1251
=	4.80

Technip Energies NV'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 )
=	3173.3	/ (	(1340.6	+	1214.6)	/	2 )
=	3173.3	/	1277.6
=	2.48

Technip Energies NV (XPAR:TE) 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.

Technip Energies NV Receivables Turnover Related Terms

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Technip Energies NV (XPAR:TE) Business Description

Industry

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Traded in Other Exchanges

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Address

2126 boulevard de la Defense, CS 10266, Nanterre, Cedex, FRA, 92741

Website

https://www.technipenergies.com

Technip Energies NV is an engineering and technology company specialized in providing projects, technologies, products and services on energy infrastructure both onshore and offshore. Substantial revenue is derived from the Project Delivery segment.