Par Pacific Holdings Inc (PARR)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	8,174,410	7,264,530	4,643,600	3,054,650	5,326,680
Receivables	US$ in thousands	367,249	252,885	195,108	111,657	228,718
Receivables turnover		22.26	28.73	23.80	27.36	23.29

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $8,174,410K ÷ $367,249K
= 22.26

The receivables turnover ratio for Par Pacific Holdings Inc has ranged from 22.42 to 28.95 over the past five years. This ratio indicates how many times the company's accounts receivable are collected and converted into cash during a specific period. A higher receivables turnover ratio generally suggests that the company is efficient in collecting payments from its customers.

The trend shows variability in the receivables turnover ratio over the period, reflecting fluctuations in the company's accounts receivable management. The decrease in the ratio from 2022 to 2023 may suggest a slower collection of receivables during the most recent year. This could be a concerning trend, indicating potential issues with credit policies, collection efforts, or customer payment patterns that may need to be addressed.

Overall, the fluctuating receivables turnover ratio for Par Pacific Holdings Inc highlights the importance of monitoring and managing accounts receivable effectively to ensure a healthy cash flow and efficient working capital management.