PBF Energy Inc (PBF)

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	33,117,900	34,844,200	37,188,300	37,613,300	38,256,600	39,942,800	41,879,800	46,732,000	46,517,300	43,892,800	38,415,600	31,236,900	27,018,800	22,417,400	18,848,000	14,952,300	15,313,300	17,992,600	20,860,300	24,498,100
Receivables	US$ in thousands	1,165,000	1,246,400	1,510,100	1,179,100	1,362,500	1,583,400	1,368,600	1,184,100	1,456,300	1,630,200	1,967,500	1,815,100	1,277,600	1,056,800	1,007,800	863,500	512,900	464,600	429,000	439,100
Receivables turnover		28.43	27.96	24.63	31.90	28.08	25.23	30.60	39.47	31.94	26.92	19.53	17.21	21.15	21.21	18.70	17.32	29.86	38.73	48.63	55.79

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $33,117,900K ÷ $1,165,000K
= 28.43

The receivables turnover ratio measures how efficiently a company is able to collect payments from its customers. A higher receivables turnover indicates that the company is collecting payments more quickly, which is generally seen as a positive sign.

Analyzing the receivables turnover of PBF Energy Inc over the past few years, we see a fluctuating trend. The ratio decreased from 55.79 on March 31, 2020, to 17.21 on March 31, 2022, indicating a significant decline in the efficiency of collecting receivables during this period.

Subsequently, there was a slight improvement in the receivables turnover, reaching 31.90 on March 31, 2024. This improvement suggests that PBF Energy Inc may have made efforts to enhance its receivables management practices.

Overall, the receivables turnover for PBF Energy Inc has shown variations over time, highlighting the importance of closely monitoring this metric to ensure efficient management of accounts receivable and cash flow within the company.