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 162 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2022 from 2022 to 3814.

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	# 3814	# 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	# 108
Energy Sector	# 163
Overall Market	# 3814

Receivable Turnover Ratio Statistics
High	Average	Low
3.93	2.84	1.89
(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
Pembina Pipeline Corporation	13.25	$ 8,930.103 Millions	$ 673.958 Millions
Vista Energy S a b De C v	13.14	$ 1,187.660 Millions	$ 90.406 Millions
Martin Midstream Partners L p	12.97	$ 1,018.878 Millions	$ 78.584 Millions
Ypf Sociedad An nima	12.47	$ 18,757.000 Millions	$ 1,504.000 Millions
Canadian Natural Resources Limited	12.38	$ 32,531.694 Millions	$ 2,627.106 Millions
Diamondback Energy Inc	12.00	$ 9,643.000 Millions	$ 803.500 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
Alliance Resource Partners Lp	11.75	$ 2,406.511 Millions	$ 204.781 Millions
Sm Energy Co	11.72	$ 3,358.647 Millions	$ 286.580 Millions
Arch Resources Inc	11.65	$ 3,577.399 Millions	$ 307.100 Millions
Riley Exploration Permian Inc	11.53	$ 321.743 Millions	$ 27.904 Millions
Pioneer Natural Resources Co	11.39	$ 24,294.000 Millions	$ 2,133.000 Millions
Matador Resources Company	11.20	$ 3,058.025 Millions	$ 272.997 Millions
Peabody Energy Corp	11.20	$ 4,981.900 Millions	$ 444.925 Millions
Veren Inc	11.15	$ 2,701.335 Millions	$ 242.241 Millions
Conocophillips	11.03	$ 78,494.000 Millions	$ 7,116.750 Millions
Imperial Oil Limited	11.00	$ 46,309.028 Millions	$ 4,209.859 Millions
Baytex Energy Corp	10.90	$ 1,789.005 Millions	$ 164.135 Millions
American Resources Corporation	10.86	$ 39.474 Millions	$ 3.636 Millions
Suncor Energy inc	10.79	$ 48,382.223 Millions	$ 4,484.186 Millions
Permian Resources Corporation	10.73	$ 2,131.265 Millions	$ 198.593 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
Norris Industries Inc	10.19	$ 0.615 Millions	$ 0.060 Millions
Liberty Energy Inc	10.05	$ 4,149.228 Millions	$ 412.809 Millions
Southwestern Energy Company	9.97	$ 15,002.000 Millions	$ 1,504.000 Millions

Date modified: 2026-10-07T00:41:49+00:00

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