APA Corporation (APA)
Receivables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,279,000 | 8,584,000 | 9,163,000 | 10,414,000 | 10,539,000 | 10,366,000 | 9,538,000 | 8,247,000 | 6,164,000 | 5,154,000 | 4,239,000 | 3,079,000 | 4,308,000 | 4,644,000 | 5,000,000 | 6,022,000 | 6,400,000 | 6,478,000 | 6,954,000 | 7,272,000 |
| Receivables | US$ in thousands | -114,000 | -103,000 | 1,331,000 | 1,483,000 | 1,424,000 | 2,249,000 | 1,963,000 | 1,721,000 | 1,467,000 | 1,222,000 | 1,065,000 | 1,057,000 | 908,000 | 899,000 | 871,000 | 838,000 | 1,062,000 | 1,070,000 | 1,098,000 | 1,185,000 |
| Receivables turnover | — | — | 6.88 | 7.02 | 7.40 | 4.61 | 4.86 | 4.79 | 4.20 | 4.22 | 3.98 | 2.91 | 4.74 | 5.17 | 5.74 | 7.19 | 6.03 | 6.05 | 6.33 | 6.14 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $8,279,000K ÷ $-114,000K
= —
To analyze APA Corporation's receivables turnover, we observe fluctuations in the receivables turnover ratio over the past eight quarters. The receivables turnover ratio indicates how efficiently the company is collecting outstanding receivables from its customers during a specific period.
The data shows that the receivables turnover ratio has varied between 4.98 to 7.66 in the last eight quarters. Higher turnover ratios reflect better efficiency in collecting receivables, whereas lower ratios suggest delays in collections.
In the most recent quarter (Q4 2023), the receivables turnover ratio was 5.15, indicating that APA Corporation collected its outstanding receivables approximately 5.15 times during that period. This ratio decreased slightly from the previous quarter (Q3 2023), where it stood at 4.98.
Overall, the trend in the receivables turnover ratio has shown some fluctuations, with the ratio peaking at 7.66 in Q4 2022 and reaching a low of 4.98 in Q3 2023. This variability suggests that APA Corporation's efficiency in collecting receivables has fluctuated over the given period.
It is essential for investors and stakeholders to monitor this ratio consistently to evaluate the company's liquidity and operational efficiency in managing its accounts receivables. Further analysis and comparison with industry benchmarks may provide deeper insights into APA Corporation's financial performance and management of receivables.
Peer comparison
Dec 31, 2023