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. Chevron's Revenue for the
three
months ended in Dec. 2023 was $48,933 Mil. Chevron's average Accounts Receivable for the
three
months ended in Dec. 2023 was $20,957 Mil.
Hence, Chevron's Receivables Turnover for the
three
months ended in Dec. 2023 was 2.33.
Chevron Receivables Turnover Historical Data
The historical data trend for Chevron'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.
Competitive Comparison of Chevron's Receivables Turnover
For the Oil & Gas Integrated subindustry, Chevron'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.
Chevron's Receivables Turnover Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Chevron's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Chevron's Receivables Turnover falls into.
Chevron Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Chevron's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
Chevron Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Chevron's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.0 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.7 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the U.S. and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2022 stood at 11.2 billion barrels of oil equivalent, including 6.1 billion barrels of liquids and 30.9 trillion cubic feet of natural gas.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CVX has been successfully added to your 