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 . 20 was $0.0 Mil. Noble's average Accounts Receivable for the
three
months ended in . 20 was $0.0 Mil.
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.
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Noble Receivables Turnover Chart
Noble Annual Data
Trend
Receivables Turnover
Noble Quarterly Data
Receivables Turnover
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 . 20 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
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Noble Corp is an offshore drilling contractor for the oil and gas industry. Noble performs, through its subsidiaries, contract drilling services with a fleet of 19 mobile offshore drilling units, consisting of 11 floaters and eight jackups focused largely on ultra-deepwater and high-specification jackup drilling opportunities. It operates in a single reportable segment, Contract Drilling Services.
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