Canadian Overseas Petroleum (LSE:COPL) Receivables Turnover : 17.36 (As of Sep. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Canadian Overseas 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. Canadian Overseas Petroleum's Revenue for the three months ended in Sep. 2023 was £4.69 Mil. Canadian Overseas Petroleum's average Accounts Receivable for the three months ended in Sep. 2023 was £0.27 Mil. Hence, Canadian Overseas Petroleum's Receivables Turnover for the three months ended in Sep. 2023 was 17.36.

Canadian Overseas Petroleum Receivables Turnover Historical Data

The historical data trend for Canadian Overseas 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.

* Premium members only.

Canadian Overseas Petroleum Receivables Turnover Chart

Canadian Overseas Petroleum Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

Get a 7-Day Free Trial

Canadian Overseas Petroleum Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															-	-	28.80	24.88	17.36

Competitive Comparison of Canadian Overseas Petroleum's Receivables Turnover

For the Oil & Gas E&P subindustry, Canadian Overseas 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.

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

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

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

Canadian Overseas Petroleum Receivables Turnover Calculation

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

Canadian Overseas Petroleum's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	12.198	/ (	(0	+	0)	/	1 )
=	12.198	/	0
=	N/A

Canadian Overseas Petroleum's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	4.686	/ (	(0.206	+	0.334)	/	2 )
=	4.686	/	0.27
=	17.36

Canadian Overseas Petroleum (LSE:COPL) 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.

Canadian Overseas Petroleum Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Canadian Overseas Petroleum's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Canadian Overseas Petroleum (LSE:COPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canadian Overseas Petroleum Ltd (LSE:COPL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VELXF:USA V9L:Germany XOP:Canada

Address

715 - 5th Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 2X6

Website

https://www.canoverseas.com

Canadian Overseas Petroleum Ltd is an international oil and gas exploration, development and production company pursuing opportunities in the United States with operations in Converse County Wyoming, and in sub-Saharan Africa and independently in other countries. The company's Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities.

Canadian Overseas Petroleum (LSE:COPL) Headlines

No Headlines