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Sacgasco (Sacgasco) Receivables Turnover : 2.02 (As of Dec. 2023)


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What is Sacgasco 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. Sacgasco's Revenue for the six months ended in Dec. 2023 was $3.14 Mil. Sacgasco's average Accounts Receivable for the six months ended in Dec. 2023 was $1.56 Mil. Hence, Sacgasco's Receivables Turnover for the six months ended in Dec. 2023 was 2.02.


Sacgasco Receivables Turnover Historical Data

The historical data trend for Sacgasco'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.

Sacgasco Receivables Turnover Chart

Sacgasco Annual Data
Trend Jun14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.10 1.89 43.50 64.55 44.60

Sacgasco Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 13.45 16.66 15.88 1.97 2.02

Competitive Comparison of Sacgasco's Receivables Turnover

For the Oil & Gas E&P subindustry, Sacgasco'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.


Sacgasco's Receivables Turnover Distribution in the Oil & Gas Industry

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

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



Sacgasco Receivables Turnover Calculation

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

Sacgasco'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 )
=6.289 / ((0.184 + 0.098) / 2 )
=6.289 / 0.141
=44.60

Sacgasco's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=3.143 / ((3.02 + 0.098) / 2 )
=3.143 / 1.559
=2.02

* 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.


Sacgasco  (OTCPK:SGCSF) 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.


Sacgasco Receivables Turnover Related Terms

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Sacgasco (Sacgasco) Business Description

Traded in Other Exchanges
Address
210 Bagot Road, Level 2, Subiaco, WA, AUS, WA 6008
Sacgasco Ltd is an Australia based company primarily involved in the evaluation, acquisition, exploration and development of natural gas and petroleum projects. It operates in the operating segment of Oil and gas exploration and appraisal. The company is appraising, developing and producing clean natural gas in the Sacramento Basin, onshore California. The project of the company are Dempsey Project, Alvares Project, Malton Project, Dutch Slough Gas Project and others.

Sacgasco (Sacgasco) Headlines

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