Whitecap Resources (Whitecap Resources) Receivables Turnover : 2.22 (As of Mar. 2024)

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What is Whitecap Resources 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. Whitecap Resources's Revenue for the three months ended in Mar. 2024 was $689 Mil. Whitecap Resources's average Accounts Receivable for the three months ended in Mar. 2024 was $310 Mil. Hence, Whitecap Resources's Receivables Turnover for the three months ended in Mar. 2024 was 2.22.

Whitecap Resources Receivables Turnover Historical Data

The historical data trend for Whitecap Resources'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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Whitecap Resources Receivables Turnover Chart

Whitecap Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.00

6.57

12.81

11.90

8.80

Whitecap Resources 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															2.14	2.32	2.53	2.33	2.22

Competitive Comparison of Whitecap Resources's Receivables Turnover

For the Oil & Gas E&P subindustry, Whitecap Resources'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.

Whitecap Resources's Receivables Turnover Distribution in the Oil & Gas Industry

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

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

Whitecap Resources Receivables Turnover Calculation

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

Whitecap Resources'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 )
=	2868.888	/ (	(353.478	+	298.301)	/	2 )
=	2868.888	/	325.8895
=	8.80

Whitecap Resources'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 )
=	689.495	/ (	(298.301	+	321.956)	/	2 )
=	689.495	/	310.1285
=	2.22

Whitecap Resources (OTCPK:SPGYF) 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.

Whitecap Resources Receivables Turnover Related Terms

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Whitecap Resources (Whitecap Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Whitecap Resources Inc (OTCPK:SPGYF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

J6I:Germany WCP:Canada

Address

3800, 525 - 8th Avenue SW, Calgary, AB, CAN, T2P 1G1

Website

https://www.wcap.ca

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap's Canadian assets. To extract petroleum products from its resources, the company uses horizontal drilling, in addition to multistage fracturing technology. Crude oil is the revenue generator out of the basket of energy products sold by Whitecap.

Whitecap Resources (Whitecap Resources) Headlines

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