BP (BP) Receivables Turnover : 1.84 (As of Dec. 2023)

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What is BP 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. BP's Revenue for the three months ended in Dec. 2023 was $52,141 Mil. BP's average Accounts Receivable for the three months ended in Dec. 2023 was $28,367 Mil. Hence, BP's Receivables Turnover for the three months ended in Dec. 2023 was 1.84.

BP Receivables Turnover Historical Data

The historical data trend for BP'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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BP Receivables Turnover Chart

BP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.20

6.55

8.95

9.55

7.87

BP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.20	1.95	1.70	1.80	1.84

Competitive Comparison of BP's Receivables Turnover

For the Oil & Gas Integrated subindustry, BP'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.

BP's Receivables Turnover Distribution in the Oil & Gas Industry

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

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

BP Receivables Turnover Calculation

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

BP'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 )
=	210130	/ (	(28229	+	25175)	/	2 )
=	210130	/	26702
=	7.87

BP'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	52141	/ (	(31558	+	25175)	/	2 )
=	52141	/	28366.5
=	1.84

BP (NYSE:BP) 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.

BP Receivables Turnover Related Terms

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BP (BP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BP PLC (NYSE:BP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BPAQF:USA BP N:Mexico BPl:UK BP.B.PFD:UK BP.A.PFD:UK BP.:UK BPE5:Germany BSU:Germany BPE5:Germany BPE:Germany BPE5:Germany BPE:Germany BSU:Germany BPE5:Germany BPE:Germany B1PP34:Brazil BP:Argentina

Address

1 St James's Square, London, GBR, SW1Y 4PD

Website

https://www.bp.com

BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 1.1 million barrels of liquids and 6.9 billion cubic feet of natural gas per day. At the end of 2022, reserves stood at 7.2 billion barrels of oil equivalent, 56% of which are liquids. The company operates refineries with a capacity of 1.6 million barrels of oil per day. BP also holds a 20% ownership interest in Rosneft, which it plans to exit.

Executives

Karen Richardson

Non-Executive Director