FX Energy (FRA:FX4) Receivables Turnover : 2.55 (As of Sep. 2015)

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What is FX Energy 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. FX Energy's Revenue for the three months ended in Sep. 2015 was €4.55 Mil. FX Energy's average Accounts Receivable for the three months ended in Sep. 2015 was €1.79 Mil. Hence, FX Energy's Receivables Turnover for the three months ended in Sep. 2015 was 2.55.

FX Energy Receivables Turnover Historical Data

The historical data trend for FX Energy'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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FX Energy Receivables Turnover Chart

FX Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Receivables Turnover

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4.31

6.29

9.78

12.54

FX Energy Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Receivables Turnover	Get a 7-Day Free Trial															2.47	2.61	2.50	2.45	2.55

Competitive Comparison of FX Energy's Receivables Turnover

For the Oil & Gas E&P subindustry, FX Energy'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.

FX Energy's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where FX Energy's Receivables Turnover falls into.

FX Energy Receivables Turnover Calculation

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

FX Energy's Receivables Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Receivables Turnover (A: Dec. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2014 )	/ (	(Accounts Receivable (A: Dec. 2013 )	+	Accounts Receivable (A: Dec. 2014 ))	/	count )
=	30.839	/ (	(2.529	+	2.391)	/	2 )
=	30.839	/	2.46
=	12.54

FX Energy's Receivables Turnover for the quarter that ended in Sep. 2015 is calculated as

	Receivables Turnover (Q: Sep. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2015 )	/ (	(Accounts Receivable (Q: Jun. 2015 )	+	Accounts Receivable (Q: Sep. 2015 ))	/	count )
=	4.548	/ (	(2.27	+	1.302)	/	2 )
=	4.548	/	1.786
=	2.55

FX Energy (FRA:FX4) 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.

FX Energy Receivables Turnover Related Terms

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FX Energy (FRA:FX4) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » FX Energy Inc (FRA:FX4) » Definitions » Receivables Turnover

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Address

Website

http://www.fxenergy.com

FX Energy Inc was founded in 1989. The Company is an independent oil and gas exploration and production company with principal production, reserves, and exploration in Poland and oil production, oilfield service, and exploration activities in the United States. Company concentrates its exploration efforts in Poland on the Rotliegend sandstones of the Permian Basin. As of December 31, 2013, Company held oil and gas exploration rights in Poland in a number of separately designated project areas encompassing approximately 2.7 million gross acres. In Poland, it has projects involving the exploration and exploitation of oil and gas prospects in partnership with Polskie GÃ³rnictwo Naftowe i Gazownictwo or PGNiG, the Polish national oil and gas company, other industry partners, and for its own account. In the United States, it explores for and produces oil from fields in Montana and Nevada, and it have an oilfield services company in northern Montana that performs contract drilling and well-servicing operations. Company operates within two segments of the oil and gas industry: the exploration and production, or E&P, segment in Poland and the United States, and the oilfield services segment in the United States. The Company faces competition from larger oil and gas companies. The Companys oil and gas exploration, development, and production activities in Poland are subject to Polands laws and regulations and its United States operations are subject to governmental risks that may impact its operations.

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