Victoria Oil & Gas (Victoria Oil & Gas) Receivables Turnover : 1.34 (As of Jun. 2021)

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What is Victoria 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. Victoria Oil & Gas's Revenue for the six months ended in Jun. 2021 was $7.15 Mil. Victoria Oil & Gas's average Accounts Receivable for the six months ended in Jun. 2021 was $5.35 Mil. Hence, Victoria Oil & Gas's Receivables Turnover for the six months ended in Jun. 2021 was 1.34.

Victoria Oil & Gas Receivables Turnover Historical Data

The historical data trend for Victoria 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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Victoria Oil & Gas Receivables Turnover Chart

Victoria Oil & Gas Annual Data

Trend

May11

May12

May13

May14

May15

Dec16

Dec17

Dec18

Dec19

Dec20

Receivables Turnover

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5.17

3.97

2.43

4.77

2.05

Victoria Oil & Gas Semi-Annual Data
	Nov11	May12	Nov12	May13	Nov13	May14	Nov14	May15	Nov15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Receivables Turnover	Get a 7-Day Free Trial															2.16	1.53	2.56	0.11	1.34

Competitive Comparison of Victoria Oil & Gas's Receivables Turnover

For the Oil & Gas Integrated subindustry, Victoria 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.

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

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

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

Victoria Oil & Gas Receivables Turnover Calculation

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

Victoria Oil & Gas's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	13.195	/ (	(6.059	+	6.84)	/	2 )
=	13.195	/	6.4495
=	2.05

Victoria Oil & Gas's Receivables Turnover for the quarter that ended in Jun. 2021 is calculated as

	Receivables Turnover (Q: Jun. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2021 )	/ (	(Accounts Receivable (Q: Dec. 2020 )	+	Accounts Receivable (Q: Jun. 2021 ))	/	count )
=	7.148	/ (	(6.84	+	3.868)	/	2 )
=	7.148	/	5.354
=	1.34

Victoria Oil & Gas (OTCPK:VCOGF) 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.

Victoria Oil & Gas Receivables Turnover Related Terms

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Victoria Oil & Gas (Victoria Oil & Gas) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Victoria Oil & Gas PLC (OTCPK:VCOGF) » Definitions » Receivables Turnover

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Address

Scott House, Suite 1 The Concourse, Waterloo Station, GBR, SE1 7LY

Website

http://www.victoriaoilandgas.com

Victoria Oil & Gas PLC is a UK-based company that operates a fully integrated domestic natural gas production and distribution business and supplies industry in the port city of Douala, Cameroon. The principal activities of the company include exploration, production, and distribution and the sale of hydrocarbons and related activities. It focuses on the development of the Logbaba gas and condensate field to supply gas to its customers and the expansion of the gas pipeline distribution network. The company's operating segments are Cameroon, Russia & Kazakhstan, and Corporate. Most of the company's revenue is generated from Cameroon.

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