Phillips 66 (PSX)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 143,153,000 | 147,399,000 | 169,990,000 | 111,476,000 | 64,129,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $143,153,000K ÷ $—K
= —
As per the provided data, the Phillips 66's receivables turnover for the years 2020, 2021, 2022, 2023, and 2024 is not available ("\u2014" signifies that the data is not disclosed or unavailable). Without the specific receivables turnover figures, it is challenging to evaluate the efficiency of the company in collecting its accounts receivables over the mentioned years.
Receivables turnover is a crucial financial metric that indicates how efficiently a company is managing its accounts receivables by assessing how many times during a period the company collects its average outstanding receivables balance. A higher turnover ratio generally implies a more efficient collection process and better cash flow management.
Due to the unavailability of the receivables turnover data, it is not possible to assess Phillips 66's effectiveness in managing its receivables and collecting payments from its customers during the stated years. Additional information would be needed to provide a more in-depth analysis of the company's receivables management performance.
Peer comparison
Dec 31, 2024