Par Pacific Holdings Inc (PARR)

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	8,174,420	7,803,130	7,283,650	7,602,180	7,263,690	6,745,960	5,998,020	5,106,960	4,643,589	4,081,364	3,458,832	2,757,379	3,072,260	3,755,885	4,466,717	5,356,960	5,344,170	4,824,152	4,340,218	3,796,940
Receivables	US$ in thousands	367,249	527,442	402,086	277,700	252,885	287,722	370,773	235,286	195,108	195,157	210,389	155,886	111,657	116,546	114,500	191,800	228,718	232,413	254,684	264,402
Receivables turnover		22.26	14.79	18.11	27.38	28.72	23.45	16.18	21.71	23.80	20.91	16.44	17.69	27.52	32.23	39.01	27.93	23.37	20.76	17.04	14.36

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $8,174,420K ÷ $367,249K
= 22.26

The receivables turnover ratio for Par Pacific Holdings Inc fluctuated over the past eight quarters, ranging from a low of 14.90 in Q3 2023 to a high of 28.95 in Q4 2022. The average receivables turnover ratio for the period was approximately 21.15.

A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently, with a lower average collection period. Conversely, a lower ratio may suggest delays in collecting payments from customers.

The significant variation in the receivables turnover ratio over the quarters could be indicative of changes in the company's credit policies, the efficiency of its collections process, or shifts in customer payment behavior. Further analysis and comparison with industry benchmarks would provide a clearer understanding of Par Pacific Holdings Inc's performance in managing its accounts receivable.