Pulse Seismic (Pulse Seismic) Receivables Turnover : 2.67 (As of Mar. 2024)

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What is Pulse Seismic 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. Pulse Seismic's Revenue for the three months ended in Mar. 2024 was $6.48 Mil. Pulse Seismic's average Accounts Receivable for the three months ended in Mar. 2024 was $2.43 Mil. Hence, Pulse Seismic's Receivables Turnover for the three months ended in Mar. 2024 was 2.67.

Pulse Seismic Receivables Turnover Historical Data

The historical data trend for Pulse Seismic'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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Pulse Seismic Receivables Turnover Chart

Pulse Seismic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.79

2.02

4.44

1.15

10.74

Pulse Seismic 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															7.39	1.70	0.78	3.39	2.67

Competitive Comparison of Pulse Seismic's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Pulse Seismic'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.

Pulse Seismic's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Pulse Seismic's Receivables Turnover falls into.

Pulse Seismic Receivables Turnover Calculation

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

Pulse Seismic'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 )
=	29.164	/ (	(0.784	+	4.649)	/	2 )
=	29.164	/	2.7165
=	10.74

Pulse Seismic'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 )
=	6.484	/ (	(4.649	+	0.217)	/	2 )
=	6.484	/	2.433
=	2.67

Pulse Seismic (OTCPK:PLSDF) 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.

Pulse Seismic Receivables Turnover Related Terms

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Pulse Seismic (Pulse Seismic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pulse Seismic Inc (OTCPK:PLSDF) » Definitions » Receivables Turnover

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PSD:Canada

Address

421 - 7th Avenue South West, Suite 2700, Calgary, AB, CAN, T2P 4K9

Website

https://www.pulseseismic.com

Pulse Seismic Inc is a Canadian company which acts as a provider of seismic data to the energy sector in western Canada. The company is engaged in the acquisition, marketing, and licensing of 2D and 3D seismic data to the energy sector. It offers the full suite of project management services including On-site professional project management, experienced cost estimation services, daily reporting to clients and detailed project cost tracking, procurement of subcontractors to ensure regulatory compliance, and others.