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Arkanova Energy (Arkanova Energy) Receivables Turnover : 1.61 (As of Sep. 2016)


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What is Arkanova 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. Arkanova Energy's Revenue for the three months ended in Sep. 2016 was $0.10 Mil. Arkanova Energy's average Accounts Receivable for the three months ended in Sep. 2016 was $0.06 Mil. Hence, Arkanova Energy's Receivables Turnover for the three months ended in Sep. 2016 was 1.61.


Arkanova Energy Receivables Turnover Historical Data

The historical data trend for Arkanova 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.

* Premium members only.

Arkanova Energy Receivables Turnover Chart

Arkanova Energy Annual Data
Trend Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.28 6.03 6.70 5.77 7.39

Arkanova Energy Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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 1.35 2.29 1.69 1.82 1.61

Competitive Comparison of Arkanova Energy's Receivables Turnover

For the Oil & Gas E&P subindustry, Arkanova 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.


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

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

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



Arkanova Energy Receivables Turnover Calculation

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

Arkanova Energy's Receivables Turnover for the fiscal year that ended in Sep. 2016 is calculated as

Receivables Turnover (A: Sep. 2016 )
=Revenue / Average Total Inventories
=Revenue (A: Sep. 2016 ) / ((Accounts Receivable (A: Sep. 2015 ) + Accounts Receivable (A: Sep. 2016 )) / count )
=0.351 / ((0.04 + 0.055) / 2 )
=0.351 / 0.0475
=7.39

Arkanova Energy's Receivables Turnover for the quarter that ended in Sep. 2016 is calculated as

Receivables Turnover (Q: Sep. 2016 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2016 ) / ((Accounts Receivable (Q: Jun. 2016 ) + Accounts Receivable (Q: Sep. 2016 )) / count )
=0.1 / ((0.069 + 0.055) / 2 )
=0.1 / 0.062
=1.61

* 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.


Arkanova Energy  (OTCPK:AKVA) 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.


Arkanova Energy Receivables Turnover Related Terms

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Arkanova Energy (Arkanova Energy) Business Description

Traded in Other Exchanges
N/A
Address
305 Camp Craft Road, Suite 525, Austin, TX, USA, 78746
Arkanova Energy Corp is a junior producing oil and gas company. The company is engaged in the acquisition, exploration, and development of prospective oil and gas properties. The company holds mineral leases in leasehold interests located in Pondera and Glacier Counties, Montana. Its subsidiaries include Arkanova Acquisition Corporation, Prism Corporation and Provident Energy of Montana, LLC.

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