Approach Resources Inc's ability to collect accounts receivable sequentially worsen to 12.19, indicating more challenging environment then in the second quarter 2019, but still, it is a far cry from any concerns. Average collection period, for Approach Resources Inc's accounts receivable remained unchanged at 30 days, in the Sep 30 2019 quarter.

If we take a look into Energy sector 46 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 1012, from overall ranking in the second quarter 2019 at 3520.

What is Receivable Turnover Ratio?
What is Approach Resources Inc Selling?

What is Receivable Turnover Ratio?

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AREX Receivables Turnover Ratio	(Sep 30 2019) III. Quarter	(Jun 30 2019) II. Quarter	(Mar 31 2019) I. Quarter	(Dec 31 2018) IV. Quarter	(Sep 30 2018) III. Quarter
Y / Y Receivable Change	-50.18 %	-60.08 %	-24.63 %	-30.67 %	24.76 %
Y / Y Revenue Change	-52.66 %	-51.46 %	-33.12 %	-21.26 %	27.16 %
Receivable Turnover Ratio (TTM)	12.19	12.3	11.8	12.08	11.79
AREX's Total Ranking	# 1012	# 3520	# 3436	# 1008	# 3065
Accounts Receivable average collection period days	30	30	31	30	31
Seq. Receivable Change	23.07 %	-39.72 %	6.94 %	-37.21 %	-1.39 %
Seq. Revenue Change	4.73 %	-23.5 %	-14 %	-31.28 %	7.37 %

Receivable Turnover Company Ranking
Within:	No.
Oil And Gas Production Industry	# 23
Energy Sector	# 47
Overall Market	# 1012

Receivable Turnover Ratio Statistics
High	Average	Low
12.17	11.06	8.51
(Jun 30 2019)		(Dec 31 2015)

AREX Company Profile • Back to AREX Efficiency Comparisons • Compare AREX Receivables Turnover Ratio to its Competitors

Financial Statements
Approach Resources Inc's Accounts Receivable	$ 5 Millions	Visit AREX's Balance sheet
Approach Resources Inc's Sales TTM	$ 72 Millions	Visit AREX's Income Statement
Sources of AREX's Revenues		Visit AREX's Sales by Geography

Other Accounts Receivable Turnover Ratios
Oil And Gas Production Industry Accounts Receivable Turnover Trends and Statistics
Energy Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
AREX's Receivable Turnover Ratio versus Oil And Gas Production Industry, Energy Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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AREX's Profitability Ratios	AREX's Roi	AREX's Asset Turnover Ratio	AREX's Dividend Growth
AREX's Valuation Ratios	AREX's Roe	AREX's Financial Strength Ratios	AREX's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2019, within Energy Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2019	Receivable at quarter ending Sep 30 2019
Cvr Energy Inc	36.54	$ 6,532.000 Millions	$ 178.750 Millions
Global Partners Lp	35.38	$ 13,007.120 Millions	$ 367.645 Millions
Sunoco Lp	33.90	$ 16,375.000 Millions	$ 483.000 Millions
Hess Corporation	28.76	$ 6,493.000 Millions	$ 225.750 Millions
Pbf Energy Inc	28.36	$ 24,510.251 Millions	$ 864.302 Millions
Mid con Energy Partners Lp	28.26	$ 87.351 Millions	$ 3.091 Millions
Vantage Drilling International	24.42	$ 754.649 Millions	$ 30.902 Millions
Adams Resources and Energy Inc	21.76	$ 1,822.557 Millions	$ 83.755 Millions
Par Pacific Holdings Inc	21.41	$ 4,881.494 Millions	$ 227.959 Millions
Foothills Exploration, Inc.	21.27	$ 2.338 Millions	$ 0.110 Millions
Hollyfrontier Corp	20.38	$ 17,448.894 Millions	$ 856.171 Millions
American Resources Corporation	19.91	$ 26.322 Millions	$ 1.322 Millions
Citadel Exploration, Inc.	19.83	$ 0.512 Millions	$ 0.026 Millions
Marathon Petroleum Corporation	18.01	$ 125,190.000 Millions	$ 6,952.500 Millions
Macquarie Infrastructure Holdings Llc	17.98	$ 1,740.757 Millions	$ 96.790 Millions
Sprague Resources Lp	17.74	$ 3,833.053 Millions	$ 216.082 Millions
Carbon Energy Corp	17.69	$ 134.289 Millions	$ 7.590 Millions
Talos Energy Inc	17.62	$ 920.180 Millions	$ 52.218 Millions
Foresight Energy Lp	16.25	$ 977.977 Millions	$ 60.166 Millions
Phillips 66	15.72	$ 107,266.000 Millions	$ 6,822.250 Millions
Atlas Growth Partners L p	15.28	$ 7.428 Millions	$ 0.486 Millions
Cloud Peak Energy Inc.	14.77	$ 711.073 Millions	$ 48.157 Millions
Vivint Solar Inc	14.35	$ 341.793 Millions	$ 23.823 Millions
Vertex Energy Inc	14.33	$ 162.579 Millions	$ 11.349 Millions
Correlate Infrastructure Partners Inc	14.30	$ 0.897 Millions	$ 0.063 Millions
World Kinect Corporation	13.74	$ 37,449.600 Millions	$ 2,726.250 Millions
Valero Energy Corp	13.36	$ 109,175.000 Millions	$ 8,169.500 Millions
Norris Industries Inc	13.13	$ 0.853 Millions	$ 0.065 Millions
Mexco Energy Corporation	12.88	$ 2.549 Millions	$ 0.198 Millions
Delek Us Holdings Inc	12.73	$ 9,488.600 Millions	$ 745.125 Millions

Date modified: 2026-08-29T17:23:49+00:00

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