DNO ASA (DNO ASA) Receivables Turnover : 1.15 (As of Mar. 2024)

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What is DNO ASA Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. DNO ASA's Revenue for the three months ended in Mar. 2024 was $182.6 Mil. DNO ASA's average Accounts Receivable for the three months ended in Mar. 2024 was $158.3 Mil. Hence, DNO ASA's Receivables Turnover for the three months ended in Mar. 2024 was 1.15.

DNO ASA Receivables Turnover Historical Data

The historical data trend for DNO ASA's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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DNO ASA Receivables Turnover Chart

DNO ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.72

2.66

4.14

4.01

2.74

DNO ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.80	0.17	0.55	1.22	1.15

Competitive Comparison of DNO ASA's Receivables Turnover

For the Oil & Gas E&P subindustry, DNO ASA's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

DNO ASA's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, DNO ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where DNO ASA's Receivables Turnover falls into.

DNO ASA Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

DNO ASA's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	667.5	/ (	(325.8	+	161.6)	/	2 )
=	667.5	/	243.7
=	2.74

DNO ASA's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	182.6	/ (	(161.6	+	155)	/	2 )
=	182.6	/	158.3
=	1.15

DNO ASA (OTCPK:DTNOF) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

DNO ASA Receivables Turnover Related Terms

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DNO ASA (DNO ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DNO ASA (OTCPK:DTNOF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DTNOY:USA DNOo:Sweden DNO:Norway DNOo:UK 0MHP:UK NK1A:Germany

Address

Dokkveien 1, P.O. Box 1345 Vika, Aker Brygge, Oslo, NOR, 0250

Website

https://www.dno.no

DNO ASA is an oil and gas exploration and production company. A group of licenses are held for fields in Kurdistan, Yemen, United Kingdom, and Norway. Producing assets in Kurdistan generate the majority of revenue for the company. Petroleum products from Kurdistan fields are either sold locally or externally, with external shipments constituting the majority. The company holds working interests in both onshore and offshore fields and operates as either the sole operator or partner in many of its facilities.

DNO ASA (DNO ASA) Headlines

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