|
California Resources Corp (CRC) |
|
|
|
California Resources Accounts Receivables Turnover Ratio from the forth quarter 2023 to the forth quarter 2022
Quarterly Results, Trends, Rankings, Statistics
California Resources Corp's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the forth quarter 2023 to a ratio of 11.26, 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 forth quarter 2023. Average receivable collection period, for the California Resources in Dec 31 2023 quarter, has decreased to 32 days, compared to 37 days, in the Sep 30 2023 quarter.
If we take a look into Energy sector 29 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 712, from overall ranking in the third quarter 2023 at 1548.
What is Receivable Turnover Ratio?
What is California Resources Corp Selling?
What is Receivable Turnover Ratio?
Select the Comparisons :
|
|
Select the Ratio:
|
Accounts Receivables Turnover▼
|
Accounts Receivables Turnover▼
|
CRC Receivables Turnover Ratio |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Y / Y Receivable Change |
-34.54 % |
-16.2 % |
-37.65 % |
-7.31 % |
46.53 % |
Y / Y Revenue Change |
6.45 % |
-59.11 % |
-20.88 % |
569.28 % |
7.57 % |
Receivable Turnover Ratio (TTM) |
11.26 |
9.86 |
11.69 |
11.02 |
8.2 |
CRC's Total
Ranking |
# 712 |
# 1548 |
# 1227 |
# 174 |
# 1035 |
Average receivable collection period |
32 |
37 |
31 |
33 |
45 |
Seq. Receivable Change |
-12.64 % |
26.89 % |
-24.01 % |
-22.28 % |
11.84 % |
Seq. Revenue Change |
57.83 % |
-22.17 % |
-42.29 % |
50.15 % |
-39.38 % |
Receivable
Turnover Ratio Statistics |
High |
Average |
Low |
0.9 |
0.48 |
0.23 |
(Mar 31 2023) |
|
(June 30. 2016) |
Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2023, within Energy Sector | Receivable Turnover Ratio | Revenues for 12 Months ending Dec 31 2023 | Receivable at quarter ending Dec 31 2023 | Cvr Energy inc | 30.02 | $ 9,247.000 Millions | $ 308.000 Millions | Sunoco Lp | 29.60 | $ 23,068.000 Millions | $ 779.250 Millions | Cnx Resources Corporation | 28.71 | $ 3,434.948 Millions | $ 119.660 Millions | Equinor Asa | 28.10 | $ 107,174.000 Millions | $ 3,814.000 Millions | Pbf Energy Inc | 27.88 | $ 38,324.800 Millions | $ 1,374.650 Millions | Woodside Energy Group Ltd | 27.23 | $ 13,994.000 Millions | $ 514.000 Millions | Hallador Energy Co | 26.65 | $ 634.480 Millions | $ 23.804 Millions | Par Pacific Holdings Inc | 20.91 | $ 8,231.955 Millions | $ 393.619 Millions | Ckx Lands Inc | 17.90 | $ 1.486 Millions | $ 0.083 Millions | Delek Us Holdings Inc | 17.80 | $ 16,917.400 Millions | $ 950.475 Millions | World Kinect Corporation | 17.21 | $ 47,710.600 Millions | $ 2,772.050 Millions | Consol Energy Inc | 16.33 | $ 2,568.877 Millions | $ 157.286 Millions | Adams Resources and Energy Inc | 15.66 | $ 2,745.293 Millions | $ 175.274 Millions | Phillips 66 | 15.29 | $ 147,399.000 Millions | $ 9,643.250 Millions | Kosmos Energy ltd | 15.20 | $ 1,701.608 Millions | $ 111.951 Millions | Gulfport Energy Corp | 13.86 | $ 1,791.702 Millions | $ 129.240 Millions | Peabody Energy Corp | 13.57 | $ 4,946.700 Millions | $ 364.575 Millions | Tellurian Inc | 13.43 | $ 166.128 Millions | $ 12.373 Millions | Marathon Petroleum Corporation | 13.34 | $ 148,379.000 Millions | $ 11,126.250 Millions | Valero Energy Corp | 12.68 | $ 144,766.000 Millions | $ 11,416.750 Millions | Chesapeake Energy Corporation | 12.40 | $ 8,721.000 Millions | $ 703.250 Millions | Martin Midstream Partners L p | 12.27 | $ 797.963 Millions | $ 65.047 Millions | Pioneer Natural Resources Co | 12.21 | $ 19,362.000 Millions | $ 1,586.250 Millions | Shell Plc | 12.17 | $ 316,620.000 Millions | $ 26,019.000 Millions | California Resources Corp | 11.26 | $ 2,801.000 Millions | $ 248.750 Millions | Callon Petroleum Co | 11.10 | $ 2,342.984 Millions | $ 211.000 Millions | Highpeak Energy Inc | 11.04 | $ 1,111.293 Millions | $ 100.631 Millions | Riley Exploration Permian Inc | 10.90 | $ 375.047 Millions | $ 34.418 Millions | Imperial Oil Limited | 10.88 | $ 39,042.254 Millions | $ 3,588.710 Millions | Conocophillips | 10.73 | $ 56,141.000 Millions | $ 5,233.000 Millions |
|