Navigator Holdings (Navigator Holdings) Receivables Turnover : 5.48 (As of Dec. 2023)

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What is Navigator Holdings 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. Navigator Holdings's Revenue for the three months ended in Dec. 2023 was $141.6 Mil. Navigator Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was $25.9 Mil. Hence, Navigator Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 5.48.

Navigator Holdings Receivables Turnover Historical Data

The historical data trend for Navigator Holdings'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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Navigator Holdings Receivables Turnover Chart

Navigator Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.89

17.54

18.89

20.82

Navigator Holdings 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															6.11	6.77	5.96	6.79	5.48

Competitive Comparison of Navigator Holdings's Receivables Turnover

For the Oil & Gas Midstream subindustry, Navigator Holdings'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.

Navigator Holdings's Receivables Turnover Distribution in the Oil & Gas Industry

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

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

Navigator Holdings Receivables Turnover Calculation

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

Navigator Holdings'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 )
=	550.737	/ (	(18.245	+	34.653)	/	2 )
=	550.737	/	26.449
=	20.82

Navigator Holdings'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 )
=	141.632	/ (	(17.079	+	34.653)	/	2 )
=	141.632	/	25.866
=	5.48

Navigator Holdings (NYSE:NVGS) 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.

Navigator Holdings Receivables Turnover Related Terms

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Navigator Holdings (Navigator Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Navigator Holdings Ltd (NYSE:NVGS) » Definitions » Receivables Turnover

Comparable Companies

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Traded in Other Exchanges

N/A

Address

C/o NGT Services (UK) Ltd, 10 Bressenden Place, London, GBR, SW1E 5DH

Website

https://www.navigatorgas.com

Navigator Holdings Ltd is an owner and operator of a fleet of gas carriers. It provides gas transportation solutions for energy companies, industrial users, and commodity traders. It offers international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gasses, and ammonia.