Coelacanth Energy (TSXV:CEI) Receivables Turnover : 1.53 (As of Dec. 2023)

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What is Coelacanth Energy 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. Coelacanth Energy's Revenue for the three months ended in Dec. 2023 was C$4.20 Mil. Coelacanth Energy's average Accounts Receivable for the three months ended in Dec. 2023 was C$2.74 Mil. Hence, Coelacanth Energy's Receivables Turnover for the three months ended in Dec. 2023 was 1.53.

Coelacanth Energy Receivables Turnover Historical Data

The historical data trend for Coelacanth Energy'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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Coelacanth Energy Receivables Turnover Chart

Coelacanth Energy Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

16.86

8.04

2.37

Coelacanth Energy Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial						1.18	0.75	1.02	0.72	1.53

Competitive Comparison of Coelacanth Energy's Receivables Turnover

For the Oil & Gas E&P subindustry, Coelacanth Energy'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.

Coelacanth Energy's Receivables Turnover Distribution in the Oil & Gas Industry

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

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

Coelacanth Energy Receivables Turnover Calculation

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

Coelacanth Energy'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 )
=	6.663	/ (	(1.487	+	4.139)	/	2 )
=	6.663	/	2.813
=	2.37

Coelacanth Energy'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	4.204	/ (	(1.34	+	4.139)	/	2 )
=	4.204	/	2.7395
=	1.53

Coelacanth Energy (TSXV:CEI) 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.

Coelacanth Energy Receivables Turnover Related Terms

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Coelacanth Energy (TSXV:CEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coelacanth Energy Inc (TSXV:CEI) » Definitions » Receivables Turnover

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Traded in Other Exchanges

CEIEF:USA

Address

530-8th Avenue SW, Suite 2110, Calgary, AB, CAN, T2P 3S8

Website

https://www.coelacanth.ca

Coelacanth Energy Inc is a Montney-focused oil and natural gas exploration and development company, actively engaged in the acquisition ,development, exploration, and production of oil and natural gas reserves in northeastern British Columbia, Canada with lands located in the Two Rivers area of northeastern British Columbia. Coelacanth owns approximately 140 (net) sections of Montney acreage in the Two Rivers and surrounding area and has identified approximately 8.9 billion bbls of Original Oil in Place (OOIP) and 8.6 tcf of Original Gas in Place across these lands.

Executives

Nolan Gregory Chicoine	Senior Officer
Peter James Roy Cochrane	Senior Officer
Jody Denis	Senior Officer
Harvey Doerr	Director
John Nandor Fur	Senior Officer
William Lancaster	Director
Tom Medvedic	Director
Robert John Zakresky	Senior Officer