Nabors Industries Ltd (NBR)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,827,277 | 2,775,554 | 2,732,938 | 2,733,763 | 2,824,854 | 2,824,158 | 2,835,559 | 2,686,524 | 2,442,417 | 2,896,069 | 2,695,320 | 2,563,727 | 2,469,769 | 1,795,405 | 1,690,978 | 1,723,505 | 1,980,035 | 2,250,900 | 2,571,586 | 2,806,404 |
| Receivables | US$ in thousands | 387,970 | 384,723 | 368,550 | 416,873 | 347,837 | 324,970 | 297,388 | 307,005 | 327,397 | 302,963 | 278,112 | 297,209 | 386,872 | 282,726 | 312,136 | 331,453 | 453,377 | 347,212 | 349,005 | 454,718 |
| Receivables turnover | 7.29 | 7.21 | 7.42 | 6.56 | 8.12 | 8.69 | 9.53 | 8.75 | 7.46 | 9.56 | 9.69 | 8.63 | 6.38 | 6.35 | 5.42 | 5.20 | 4.37 | 6.48 | 7.37 | 6.17 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,827,277K ÷ $387,970K
= 7.29
The receivables turnover ratio for Nabors Industries Ltd has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio measures how efficiently a company is able to collect its outstanding receivables during a specific period.
The trend in the receivables turnover ratio indicates the effectiveness of the company in collecting payments from its customers. A higher turnover ratio implies that the company is collecting receivables more quickly, which is generally preferable as it signifies better liquidity and cash flow management.
From March 2020 to June 2022, the receivables turnover ratio steadily increased from 6.17 to 9.69, indicating an improvement in the company's ability to collect receivables efficiently. However, there was a slight decline in the ratio in the subsequent quarters, reaching 7.29 by December 31, 2024.
Overall, the company's receivables turnover ratio has shown a generally positive trend, with periods of both increase and decrease. It is essential for Nabors Industries Ltd to closely monitor this ratio to ensure continued efficiency in managing its accounts receivable and maintaining healthy cash flows.
Peer comparison
Dec 31, 2024