Basic Energy Services Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the first quarter 2021 to a ratio of 5.92, 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 first quarter 2021. Average receivable collection period, for the Basic Energy Services Inc in Mar 31 2021 quarter, has decreased to 62 days, compared to 71 days, in the Dec 31 2020 quarter.

If we take a look into Energy sector 19 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 844, from overall ranking in the fourth quarter 2020 at 2350.

What is Receivable Turnover Ratio?
What is Basic Energy Services Inc Selling?

What is Receivable Turnover Ratio?

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BASX Receivables Turnover Ratio	(Mar 31 2021) I. Quarter	(Dec 31 2020) IV. Quarter	(Sep 30 2020) III. Quarter	(Jun 30 2020) II. Quarter	(Mar 31 2020) I. Quarter
Y / Y Receivable Change	-54.9 %	-39.42 %	-43.46 %	-47.54 %	-14.88 %
Y / Y Revenue Change	-26.58 %	-32.41 %	-46.51 %	-52.77 %	-34.84 %
Receivable Turnover Ratio (TTM)	5.92	5.13	5.09	5.23	5.37
BASX's Total Ranking	# 844	# 2350	# 844	# 845	# 730
Accounts Receivable average collection period days	62	71	72	70	68
Seq. Receivable Change	-10.78 %	-13.69 %	-1.43 %	-40.59 %	19.84 %
Seq. Revenue Change	-3.55 %	2.53 %	6.4 %	-30.22 %	-11.21 %

Receivable Turnover Company Ranking
Within:	No.
Oil And Gas Production Industry	# 5
Energy Sector	# 20
Overall Market	# 844

Receivable Turnover Ratio Statistics
High	Average	Low
1.3	0.92	0.5
(Sep 30 2018)		(Sep 30 2016)

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

Financial Statements
Basic Energy Services Inc 's Accounts Receivable	$ 54 Millions	Visit BASX's Balance sheet
Basic Energy Services Inc 's Sales TTM	$ 377 Millions	Visit BASX's Income Statement
Sources of BASX's Revenues		Visit BASX'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
BASX'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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BASX's Growth Rates	BASX's Roa	BASX's Inventory Turnover Ratio	BASX's Dividend Comparisons
BASX's Profitability Ratios	BASX's Roi	BASX's Asset Turnover Ratio	BASX's Dividend Growth
BASX's Valuation Ratios	BASX's Roe	BASX's Financial Strength Ratios	BASX's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Mar 31 2021, within Energy Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Mar 31 2021	Receivable at quarter ending Mar 31 2021
Macquarie Infrastructure Holdings Llc	18.68	$ 947.191 Millions	$ 50.701 Millions
Hollyfrontier Corp	17.68	$ 11,287.391 Millions	$ 638.526 Millions
Vertex Energy Inc	17.21	$ 156.909 Millions	$ 9.115 Millions
Battalion Oil Corp	15.83	$ 156.408 Millions	$ 9.884 Millions
Sprague Resources Lp	15.22	$ 2,412.237 Millions	$ 158.526 Millions
California Resources Corp	14.58	$ 2,424.000 Millions	$ 166.250 Millions
Lonestar Resources Us Inc	14.02	$ 197.959 Millions	$ 14.115 Millions
Delek Us Holdings Inc	14.01	$ 7,872.800 Millions	$ 561.800 Millions
Peabody Energy Corp	13.48	$ 2,686.200 Millions	$ 199.225 Millions
World Kinect Corporation	13.15	$ 18,301.000 Millions	$ 1,391.900 Millions
Martin Midstream Partners L p	12.15	$ 674.233 Millions	$ 55.489 Millions
Cnx Resources Corporation	11.99	$ 1,314.692 Millions	$ 109.687 Millions
Marathon Petroleum Corporation	11.96	$ 67,275.000 Millions	$ 5,625.000 Millions
Norris Industries Inc	11.83	$ 0.280 Millions	$ 0.024 Millions
Phillips 66	11.78	$ 64,878.000 Millions	$ 5,509.750 Millions
Alliance Resource Partners Lp	11.62	$ 1,295.988 Millions	$ 111.537 Millions
Vital Energy inc	11.07	$ 722.430 Millions	$ 65.273 Millions
Adams Resources and Energy Inc	10.66	$ 994.436 Millions	$ 93.244 Millions
Arcadia Biosciences Inc	10.38	$ 8.553 Millions	$ 0.824 Millions
Coronado Global Resources Inc.	10.24	$ 1,429.056 Millions	$ 139.553 Millions
Valero Energy Corp	10.23	$ 63,616.000 Millions	$ 6,219.000 Millions
Whiting Petroleum Corp	10.22	$ 1,634.790 Millions	$ 159.989 Millions
Dorchester Minerals L p	9.90	$ 49.241 Millions	$ 4.974 Millions
Diamondback Energy Inc	9.78	$ 3,098.000 Millions	$ 316.750 Millions
Warrior Met Coal Inc	9.69	$ 769.782 Millions	$ 79.461 Millions
Permian Resources Corporation	9.64	$ 580.078 Millions	$ 60.144 Millions
Range Resources Corporation	9.59	$ 1,900.809 Millions	$ 198.163 Millions
Pedevco Corp	9.57	$ 8.758 Millions	$ 0.915 Millions
Abundia Global Impact Group Inc	9.54	$ 0.734 Millions	$ 0.077 Millions
Evolution Petroleum Corp	9.46	$ 22.352 Millions	$ 2.363 Millions

Date modified: 2026-10-17T05:24:43+00:00

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