Talos Energy (TALO)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,457,890 | 1,651,980 | 1,244,540 | 575,936 | 908,064 |
| Receivables | US$ in thousands | 258,314 | 205,295 | 201,406 | 156,691 | 124,394 |
| Receivables turnover | 5.64 | 8.05 | 6.18 | 3.68 | 7.30 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,457,890K ÷ $258,314K
= 5.64
The receivables turnover ratio for Talos Energy Inc has varied over the past five years. In 2023, the ratio was 5.25, indicating that the company collected its accounts receivable approximately 5.25 times during the year. This was a decrease from 2022, where the ratio was 7.79 and the company was collecting receivables more frequently. In 2021, the ratio was 5.67, showing a slight increase from the previous year.
The receivables turnover ratio significantly improved in 2020 compared to 2019, increasing from 3.35 to 7.09. This suggests that in 2020, the company was more efficient in collecting its outstanding receivables compared to the previous year. Overall, the trend in receivables turnover for Talos Energy Inc shows some fluctuations but indicates a generally consistent collection of receivables over the years, with some improvements in efficiency observed in certain periods.
Peer comparison
Dec 31, 2023