PBF Energy Inc (PBF)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 33,117,900 | 38,256,600 | 46,517,300 | 27,018,800 | 15,313,300 |
| Receivables | US$ in thousands | 1,165,000 | 1,362,500 | 1,456,300 | 1,277,600 | 512,900 |
| Receivables turnover | 28.43 | 28.08 | 31.94 | 21.15 | 29.86 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $33,117,900K ÷ $1,165,000K
= 28.43
The receivables turnover ratio for PBF Energy Inc has shown some fluctuations over the years. In 2020, the ratio was 29.86, suggesting that the company collected its accounts receivable approximately 29.86 times during that year. The ratio decreased to 21.15 in 2021, indicating a slower collection of receivables. However, there was an improvement in 2022 with a receivables turnover of 31.94, showing that the company was able to collect its receivables more efficiently.
In 2023, the ratio decreased to 28.08, indicating a slight reduction in the speed of collecting receivables. Moreover, in 2024, the receivables turnover ratio was 28.43, which was relatively consistent with the previous year.
Overall, the company's management of accounts receivable turnover has shown some variability, with fluctuations in the efficiency of collecting receivables over the years. It is essential for PBF Energy Inc to monitor and improve its collection processes to ensure a stable and efficient cash flow from receivables.
Peer comparison
Dec 31, 2024