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Horizon Petroleum (FRA:HPM1) Receivables Turnover : 0.00 (As of Nov. 2023)


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What is Horizon Petroleum 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. Horizon Petroleum's Revenue for the three months ended in Nov. 2023 was €0.00 Mil. Horizon Petroleum's average Accounts Receivable for the three months ended in Nov. 2023 was €0.02 Mil.


Horizon Petroleum Receivables Turnover Historical Data

The historical data trend for Horizon Petroleum'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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Horizon Petroleum Receivables Turnover Chart

Horizon Petroleum Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Receivables Turnover
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Horizon Petroleum Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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Competitive Comparison of Horizon Petroleum's Receivables Turnover

For the Oil & Gas E&P subindustry, Horizon Petroleum'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.


Horizon Petroleum's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Horizon Petroleum's Receivables Turnover falls into.



Horizon Petroleum Receivables Turnover Calculation

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

Horizon Petroleum's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

Receivables Turnover (A: Aug. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Aug. 2023 ) / ((Accounts Receivable (A: Aug. 2022 ) + Accounts Receivable (A: Aug. 2023 )) / count )
=0 / ((0.015 + 0.025) / 2 )
=0 / 0.02
=N/A

Horizon Petroleum's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

Receivables Turnover (Q: Nov. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Nov. 2023 ) / ((Accounts Receivable (Q: Aug. 2023 ) + Accounts Receivable (Q: Nov. 2023 )) / count )
=0 / ((0.025 + 0.007) / 2 )
=0 / 0.016
=N/A

* 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.


Horizon Petroleum  (FRA:HPM1) 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.


Horizon Petroleum Receivables Turnover Related Terms

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Horizon Petroleum (FRA:HPM1) Business Description

Traded in Other Exchanges
Address
540 - 5th Avenue SW, No. 920, Calgary, AB, CAN, T2P0M2
Horizon Petroleum Ltd is involved in the exploration, acquisition, and development of oil and gas properties. The current operating project of the company are Cieszyn and Bielsko-Biala properties in Poland.

Horizon Petroleum (FRA:HPM1) Headlines

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