Abraxas Petroleum Corp's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the fourth quarter 2022 to a ratio of 3.92, above the company average. This is a clear sign of healthy business climate in the Oil And Gas Production industry and improving liquidity at their respective customers, during the fourth quarter 2022. Average receivable collection period, for the Abraxas Petroleum in Dec 31 2022 quarter, has decreased to 93 days, compared to 97 days, in the Sep 30 2022 quarter.

If we take a look into Energy sector 148 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2022 from 2022 to 3707.

What is Receivable Turnover Ratio?
What is Abraxas Petroleum Corp Selling?

What is Receivable Turnover Ratio?

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AXAS Receivables Turnover Ratio	(Dec 31 2022) IV. Quarter	(Sep 30 2022) III. Quarter	(Jun 30 2022) II. Quarter	(Mar 31 2022) I. Quarter	(Dec 31 2021) IV. Quarter
Y / Y Receivable Change	-62.43 %	-62.38 %	-42.63 %	-29.87 %	37.86 %
Y / Y Revenue Change	-57.33 %	-36.49 %	-21.18 %	-26.9 %	79.75 %
Receivable Turnover Ratio (TTM)	3.92	3.75	3.33	3.09	3.08
AXAS's Total Ranking	# 3707	# 2022	# 3659	# 2022	# 3615
Accounts Receivable average collection period days	93	97	110	118	119
Seq. Receivable Change	-8.59 %	-30.83 %	3.51 %	-42.6 %	-8.47 %
Seq. Revenue Change	-26.32 %	-8.83 %	19.29 %	-46.74 %	9.66 %

Receivable Turnover Company Ranking
Within:	No.
Oil And Gas Production Industry	# 97
Energy Sector	# 149
Overall Market	# 3707

Receivable Turnover Ratio Statistics
High	Average	Low
3.87	2.54	1.48
(Dec 31 2022)		(Dec 31 2013)

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

Financial Statements
Abraxas Petroleum's Accounts Receivable	$ 10 Millions	Visit AXAS's Balance sheet
Abraxas Petroleum's Sales TTM	$ 50 Millions	Visit AXAS's Income Statement
Sources of AXAS's Revenues		Visit AXAS'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
AXAS'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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AXAS's Growth Rates	AXAS's Roa	AXAS's Inventory Turnover Ratio	AXAS's Dividend Comparisons
AXAS's Profitability Ratios	AXAS's Roi	AXAS's Asset Turnover Ratio	AXAS's Dividend Growth
AXAS's Valuation Ratios	AXAS's Roe	AXAS's Financial Strength Ratios	AXAS's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2022, within Energy Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2022	Receivable at quarter ending Dec 31 2022
Valero Energy Corp	13.83	$ 176,383.000 Millions	$ 12,754.750 Millions
China Petroleum and Chemical Corporation	13.59	$ 492,747.948 Millions	$ 36,269.789 Millions
Petrochina Co Ltd	13.51	$ 481,016.300 Millions	$ 35,607.182 Millions
Ecopetrol S a	13.44	$ 40,689.086 Millions	$ 3,028.535 Millions
Kosmos Energy Ltd	11.91	$ 2,245.355 Millions	$ 188.524 Millions
Marathon Petroleum Corporation	11.85	$ 177,453.000 Millions	$ 14,975.250 Millions
Ramaco Resources Inc	11.79	$ 565.688 Millions	$ 47.981 Millions
Sm Energy Co	11.72	$ 3,358.647 Millions	$ 286.580 Millions
Alliance Resource Partners Lp	11.56	$ 2,406.511 Millions	$ 208.166 Millions
Riley Exploration Permian Inc	11.42	$ 321.743 Millions	$ 28.181 Millions
Pioneer Natural Resources Co	11.39	$ 24,294.000 Millions	$ 2,133.000 Millions
Martin Midstream Partners L p	11.25	$ 1,018.878 Millions	$ 90.556 Millions
Peabody Energy Corp	11.20	$ 4,981.900 Millions	$ 444.925 Millions
Arch Resources Inc	11.15	$ 3,577.399 Millions	$ 320.736 Millions
Norris Industries Inc	11.02	$ 0.615 Millions	$ 0.056 Millions
Imperial Oil Limited	10.78	$ 45,707.220 Millions	$ 4,241.725 Millions
Permian Resources Corporation	10.73	$ 2,131.265 Millions	$ 198.593 Millions
Diamondback Energy Inc	10.65	$ 9,643.000 Millions	$ 905.500 Millions
Chevron Corp	10.59	$ 246,252.000 Millions	$ 23,259.250 Millions
Ckx Lands Inc	10.56	$ 1.105 Millions	$ 0.105 Millions
Callon Petroleum Co	10.50	$ 3,230.964 Millions	$ 307.817 Millions
Vital Energy inc	10.31	$ 1,920.796 Millions	$ 186.390 Millions
Conocophillips	10.30	$ 78,494.000 Millions	$ 7,618.500 Millions
Southwestern Energy Company	9.97	$ 15,002.000 Millions	$ 1,504.000 Millions
Civitas Resources inc	9.95	$ 3,791.398 Millions	$ 381.140 Millions
Us Energy Corp	9.84	$ 44.552 Millions	$ 4.528 Millions
Coronado Global Resources Inc.	9.65	$ 3,571.542 Millions	$ 370.230 Millions
Denbury Inc	9.57	$ 1,714.659 Millions	$ 179.107 Millions
Highpeak Energy Inc	9.56	$ 755.686 Millions	$ 79.050 Millions
Exxon Mobil Corporation	9.49	$ 413,680.000 Millions	$ 43,591.250 Millions

Date modified: 2026-08-29T06:18:33+00:00

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