Vertex Energy Inc 's ability to collect accounts receivable sequentially worsen to 64.86, indicating more challenging environment then in the first quarter 2024, but still, it is a far cry from any concerns. Vertex Energy Inc 's Accounts Receivable average collection period in the Jun 30 2024 quarter, has increased to 6 days, from 5 days, in the Mar 31 2024 quarter.

If we take a look into Energy sector 2 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Jun 30 2024 from 41 to 42.

What is Receivable Turnover Ratio?
What is Vertex Energy Inc Selling?

What is Receivable Turnover Ratio?

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VTNR Receivables Turnover Ratio	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter
Y / Y Receivable Change	57.91 %	-28.23 %	4.68 %	-28.97 %	-43.87 %
Y / Y Revenue Change	1.87 %	0.04 %	-22.9 %	25.28 %	-26.64 %
Receivable Turnover Ratio (TTM)	64.86	76.1	69.26	74.66	64.74
VTNR's Total Ranking	# 42	# 41	# 35	# 8	# 213
Accounts Receivable average collection period days	6	5	5	5	6
Seq. Receivable Change	93.76 %	14.92 %	-1.77 %	-27.8 %	-11.94 %
Seq. Revenue Change	7.88 %	-5.2 %	-28.24 %	38.81 %	5.94 %

Receivable Turnover Company Ranking
Within:	No.
Oil & Gas Integrated Operations Industry	# 0
Energy Sector	# 3
Overall Market	# 42

Receivable Turnover Ratio Statistics
High	Average	Low
4.83	2.07	0.47
(Mar 31 2023)		(Mar 31 2022)

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

Financial Statements
Vertex Energy Inc 's Accounts Receivable	$ 81 Millions	Visit VTNR's Balance sheet
Vertex Energy Inc 's Sales TTM	$ 3,163 Millions	Visit VTNR's Income Statement
Sources of VTNR's Revenues		Visit VTNR's Sales by Geography

Other Accounts Receivable Turnover Ratios
Oil & Gas Integrated Operations Industry Accounts Receivable Turnover Trends and Statistics
Energy Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
VTNR's Receivable Turnover Ratio versus Oil & Gas Integrated Operations Industry, Energy Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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VTNR's Growth Rates	VTNR's Roa	VTNR's Inventory Turnover Ratio	VTNR's Dividend Comparisons
VTNR's Profitability Ratios	VTNR's Roi	VTNR's Asset Turnover Ratio	VTNR's Dividend Growth
VTNR's Valuation Ratios	VTNR's Roe	VTNR's Financial Strength Ratios	VTNR's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2024, within Energy Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Jun 30 2024	Receivable at quarter ending Jun 30 2024
Hess Corporation	71.74	$ 12,322.000 Millions	$ 171.750 Millions
Vertex Energy Inc	64.86	$ 3,163.106 Millions	$ 48.766 Millions
Gran Tierra Energy Inc	55.16	$ 658.031 Millions	$ 11.930 Millions
Landbridge Company Llc	47.35	$ 9,089.281 Millions	$ 191.966 Millions
Global Partners Lp	30.34	$ 17,185.247 Millions	$ 566.342 Millions
Cvr Energy Inc	29.68	$ 8,555.000 Millions	$ 288.250 Millions
Pbf Energy Inc	26.44	$ 37,253.900 Millions	$ 1,408.775 Millions
Mach Natural Resources Lp	26.37	$ 882.364 Millions	$ 33.458 Millions
Sunoco Lp	24.17	$ 23,634.000 Millions	$ 978.000 Millions
Ckx Lands Inc	19.45	$ 2.119 Millions	$ 0.109 Millions
Crossamerica Partners Lp	19.17	$ 689.711 Millions	$ 35.985 Millions
Par Pacific Holdings Inc	19.16	$ 8,761.122 Millions	$ 457.368 Millions
Delek Us Holdings Inc	17.39	$ 15,446.800 Millions	$ 888.425 Millions
World Kinect Corporation	16.96	$ 46,164.900 Millions	$ 2,722.175 Millions
Kosmos Energy Ltd	16.06	$ 1,904.116 Millions	$ 118.550 Millions
Cnx Resources Corporation	15.99	$ 2,025.267 Millions	$ 126.635 Millions
Adams Resources and Energy Inc	15.38	$ 2,849.908 Millions	$ 185.302 Millions
Phillips 66	15.14	$ 151,853.000 Millions	$ 10,027.000 Millions
Norris Industries Inc	14.16	$ 0.349 Millions	$ 0.025 Millions
National Energy Services Reunited Corp	13.43	$ 1,229.421 Millions	$ 91.531 Millions
Talos Energy Inc	13.10	$ 1,747.191 Millions	$ 133.346 Millions
Range Resources Corporation	12.61	$ 2,726.493 Millions	$ 216.244 Millions
Hess Midstream Lp	11.96	$ 1,440.700 Millions	$ 120.500 Millions
Marathon Petroleum Corporation	11.93	$ 147,792.000 Millions	$ 12,391.500 Millions
Highpeak Energy Inc	11.60	$ 1,209.769 Millions	$ 104.284 Millions
Hnr Acquisition Corp	11.42	$ 14.271 Millions	$ 1.250 Millions
Coronado Global Resources Inc.	11.36	$ 2,739.340 Millions	$ 241.158 Millions
Us Energy Corp	11.21	$ 27.503 Millions	$ 2.453 Millions
Valero Energy Corp	11.12	$ 140,067.000 Millions	$ 12,596.500 Millions
Martin Midstream Partners L p	11.09	$ 723.159 Millions	$ 65.220 Millions

Date modified: 2026-08-29T17:18:09+00:00

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