Nabors Industries Ltd (NBR)
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 | 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 | 2,867,832 | 2,935,651 | 3,017,736 | 3,064,840 |
| Receivables | US$ in thousands | 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 | 533,642 | 613,527 | 737,353 | 743,528 |
| Receivables turnover | 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 | 5.37 | 4.78 | 4.09 | 4.12 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,824,854K ÷ $347,837K
= 8.12
The receivables turnover ratio of Nabors Industries Ltd has been fluctuating over the past eight quarters, ranging from 7.15 to 10.09.
The ratio measures how efficiently the company is collecting its accounts receivable during a period. A higher ratio indicates a more efficient collections process, while a lower ratio suggests potential difficulties in collecting payments from customers.
The trend shows an improvement in receivables turnover from Q1 2022 to Q3 2023, with a peak of 10.09 in Q2 2023. This indicates that Nabors Industries Ltd has been more effective in converting its accounts receivable into cash during these periods.
Overall, the company's ability to manage its receivables has shown improvement, with some fluctuations, over the past eight quarters. It is essential for the company to continue monitoring and improving its collection process to ensure consistent cash flow.
Peer comparison
Dec 31, 2023