Targa Resources Inc (TRGP)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,381,500 | 16,060,300 | 20,929,800 | 16,949,800 | 8,260,300 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $16,381,500K ÷ $—K
= —
Based on the provided data, it appears that the receivables turnover ratio for Targa Resources Inc is not available for the years 2020, 2021, 2022, 2023, and 2024. The absence of specific values for receivables turnover limits the ability to assess the efficiency of the company in collecting its receivables during those years.
A receivables turnover ratio measures how efficiently a company collects outstanding customer debts during a specific period. A higher ratio indicates that the company is collecting its receivables more quickly, which is generally favorable. Conversely, a lower ratio may suggest issues with collecting outstanding payments.
Without the actual receivables turnover data, it is challenging to provide a thorough analysis of Targa Resources Inc's efficiency in managing its accounts receivable during the specified years. It would be beneficial to obtain this information to gain insights into the company's financial performance and liquidity management.
Peer comparison
Dec 31, 2024