Titan Oil & Gas (Titan Oil & Gas) Receivables Turnover : 1.41 (As of May. 2013)

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What is Titan Oil & Gas 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. Titan Oil & Gas's Revenue for the three months ended in May. 2013 was $0.01 Mil. Titan Oil & Gas's average Accounts Receivable for the three months ended in May. 2013 was $0.01 Mil. Hence, Titan Oil & Gas's Receivables Turnover for the three months ended in May. 2013 was 1.41.

Titan Oil & Gas Receivables Turnover Historical Data

The historical data trend for Titan Oil & Gas'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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Titan Oil & Gas Receivables Turnover Chart

Titan Oil & Gas Annual Data

Trend

Aug09

Aug10

Aug11

Aug12

Receivables Turnover

1.13

3.43

Titan Oil & Gas Quarterly Data
	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13
Receivables Turnover	Get a 7-Day Free Trial														1.23	1.45	1.62	0.96	1.41

Competitive Comparison of Titan Oil & Gas's Receivables Turnover

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

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

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

* The bar in red indicates where Titan Oil & Gas's Receivables Turnover falls into.

Titan Oil & Gas Receivables Turnover Calculation

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

Titan Oil & Gas's Receivables Turnover for the fiscal year that ended in Aug. 2012 is calculated as

	Receivables Turnover (A: Aug. 2012 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2012 )	/ (	(Accounts Receivable (A: Aug. 2011 )	+	Accounts Receivable (A: Aug. 2012 ))	/	count )
=	0.072	/ (	(0.031	+	0.011)	/	2 )
=	0.072	/	0.021
=	3.43

Titan Oil & Gas's Receivables Turnover for the quarter that ended in May. 2013 is calculated as

	Receivables Turnover (Q: May. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: May. 2013 )	/ (	(Accounts Receivable (Q: Feb. 2013 )	+	Accounts Receivable (Q: May. 2013 ))	/	count )
=	0.012	/ (	(0.008	+	0.009)	/	2 )
=	0.012	/	0.0085
=	1.41

Titan Oil & Gas (GREY:TNGS) 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.

Titan Oil & Gas Receivables Turnover Related Terms

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Titan Oil & Gas (Titan Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Titan Oil & Gas Inc (GREY:TNGS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

7251 West Lake Mead Boulevard, Suite 300, Las Vegas, NV, USA, 89128

Website

http://www.titanoilgas.com

Titan Oil & Gas Inc is an is an exploration stage company. It is engaged in the acquisition, exploration and development of oil and gas properties.

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