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Gordon Creek Energy (FRA:M2Y1) Receivables Turnover : 3.38 (As of Oct. 2015)


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What is Gordon Creek 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. Gordon Creek Energy's Revenue for the three months ended in Oct. 2015 was €0.15 Mil. Gordon Creek Energy's average Accounts Receivable for the three months ended in Oct. 2015 was €0.05 Mil. Hence, Gordon Creek Energy's Receivables Turnover for the three months ended in Oct. 2015 was 3.38.


Gordon Creek Energy Receivables Turnover Historical Data

The historical data trend for Gordon Creek 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.

* Premium members only.

Gordon Creek Energy Receivables Turnover Chart

Gordon Creek Energy Annual Data
Trend Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.66 4.86 10.25 7.84 9.30

Gordon Creek Energy Quarterly Data
Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.27 1.92 2.95 3.49 3.38

Competitive Comparison of Gordon Creek Energy's Receivables Turnover

For the Oil & Gas E&P subindustry, Gordon Creek 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.


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

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

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



Gordon Creek Energy Receivables Turnover Calculation

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

Gordon Creek Energy's Receivables Turnover for the fiscal year that ended in Jan. 2015 is calculated as

Receivables Turnover (A: Jan. 2015 )
=Revenue / Average Total Inventories
=Revenue (A: Jan. 2015 ) / ((Accounts Receivable (A: Jan. 2014 ) + Accounts Receivable (A: Jan. 2015 )) / count )
=0.567 / ((0.072 + 0.05) / 2 )
=0.567 / 0.061
=9.30

Gordon Creek Energy's Receivables Turnover for the quarter that ended in Oct. 2015 is calculated as

Receivables Turnover (Q: Oct. 2015 )
=Revenue / Average Total Inventories
=Revenue (Q: Oct. 2015 ) / ((Accounts Receivable (Q: Jul. 2015 ) + Accounts Receivable (Q: Oct. 2015 )) / count )
=0.154 / ((0.045 + 0.046) / 2 )
=0.154 / 0.0455
=3.38

* 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.


Gordon Creek Energy  (FRA:M2Y1) 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.


Gordon Creek Energy Receivables Turnover Related Terms

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Gordon Creek Energy (FRA:M2Y1) Business Description

Traded in Other Exchanges
N/A
Address
734, 7th Avenue South West, Suite 1350, Calgary, AB, CAN, T2P 3P8
Gordon Creek Energy Inc is engaged in the acquisition, exploration, development, and production of oil and natural gas properties located in the United States of America. Its projects include Gordon Creek Property; and Weston County.

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