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Financial Analytics: Science and Experience
 

Analyzing the turnover ratios of the world's leading public oil and gas corporations

Vol. 13, Iss. 3, SEPTEMBER 2020

Received: 10 April 2020

Received in revised form: 30 April 2020

Accepted: 15 May 2020

Available online: 14 August 2020

Subject Heading: ECONOMIC AND STATISTICAL RESEARCH

JEL Classification: G31, L25, L71, M41, O12

Pages: 291–311

https://doi.org/10.24891/fa.13.3.291

Shimko O.V. PAO Rubin Aviation Corporation, Balashikha, Moscow Oblast, Russian Federation
shima_ne@mail.ru

https://orcid.org/0000-0002-0779-7097

Subject. This article explores the key turnover figures of the twenty five largest public oil and gas companies between 2006 and 2018.
Objectives. The article aims to determine the current values of the key turnover figures of the largest public oil and gas companies, identify key trends in their changes within the study period, and identify the factors that have caused these changes.
Methods. For the study, I used comparative, and financial and economic analyses, and generalization.
Results. Based on a comprehensive analysis of the twenty five oil and gas companies' annual reports, the article identifies trends in the changes in the key turnover ratios in the industry's public sector, and establishes the main factors that affected these changes.
Conclusions and Relevance. The article concludes that many of the industry's leading public corporations have an impressive capacity for further decline in the money operating cycle. It establishes that despite the efforts of leading public oil and gas companies, the duration of asset turnover and the cash operating cycle got increased quite significantly in the midst of the global financial and industry crises. The results of the study can be used to evaluate, forecast, and develop measures to improve the efficiency of own working capital and assets use by public oil and gas companies.

Keywords: turnover, accounts receivable, inventories, accounts payable, cash operating cycle

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