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. Noble's Revenue for the
three
months ended in Mar. 2024 was $637 Mil. Noble's average Accounts Receivable for the
three
months ended in Mar. 2024 was $570 Mil.
Hence, Noble's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.12.
Noble Receivables Turnover Historical Data
The historical data trend for Noble'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 Noble's Receivables Turnover
For the Oil & Gas Drilling subindustry, Noble'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.
Noble's Receivables Turnover Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Noble's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Noble's Receivables Turnover falls into.
Noble Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Noble'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.
Noble (NYSE:NE) 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.
Noble Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Noble's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Noble Corp PLC is an offshore drilling contractor for the oil and gas industry that provides contract drilling services to the international oil and gas industry with its fleet of mobile offshore drilling units. The company focuses on a high-specification fleet of floating and jackup rigs and the deployment of its drilling rigs in oil and gas basins around the world.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NE has been successfully added to your 