Northern Oil & Gas Inc (NOG)
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 | 2,129,538 | 1,925,152 | 1,723,637 | 1,578,228 | 1,471,907 | 1,606,963 | 1,827,040 | 1,957,898 | 1,985,798 | 1,872,524 | 1,598,144 | 1,274,218 | 975,092 | 742,234 | 556,247 | 351,197 | 324,069 | 385,263 | 469,572 | 598,754 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,129,538K ÷ $—K
= —
The receivables turnover ratio for Northern Oil & Gas Inc has been consistent at a value of "—", indicating that the company has not provided specific data on this metric. The receivables turnover ratio is a measure of how efficiently a company is able to collect on its credit sales. A higher turnover ratio generally indicates that a company is collecting payments from its customers more quickly, which is a positive sign of liquidity and efficiency in managing receivables.
Without the specific values for the receivables turnover ratio over time, it is challenging to provide a detailed analysis. However, it is essential for Northern Oil & Gas Inc to monitor this ratio regularly to ensure the timely collection of receivables, which can impact the company's cash flow and overall financial health. A stable or improving receivables turnover ratio would suggest that the company's credit policies are effective and that customers are paying their bills in a timely manner.
Peer comparison
Dec 31, 2024