The Reserve Petroleum Co (The Reserve Petroleum Co) Receivables Turnover : 1.74 (As of Dec. 2023)

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What is The Reserve Petroleum Co 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. The Reserve Petroleum Co's Revenue for the three months ended in Dec. 2023 was $4.16 Mil. The Reserve Petroleum Co's average Accounts Receivable for the three months ended in Dec. 2023 was $2.38 Mil. Hence, The Reserve Petroleum Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.74.

The Reserve Petroleum Co Receivables Turnover Historical Data

The historical data trend for The Reserve Petroleum Co'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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The Reserve Petroleum Co Receivables Turnover Chart

The Reserve Petroleum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

7.31

4.63

8.45

8.79

5.71

The Reserve Petroleum Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.07	1.56	1.58	1.54	1.74

Competitive Comparison of The Reserve Petroleum Co's Receivables Turnover

For the Oil & Gas E&P subindustry, The Reserve Petroleum Co'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.

The Reserve Petroleum Co's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where The Reserve Petroleum Co's Receivables Turnover falls into.

The Reserve Petroleum Co Receivables Turnover Calculation

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

The Reserve Petroleum Co'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 )
=	13.376	/ (	(2.318	+	2.367)	/	2 )
=	13.376	/	2.3425
=	5.71

The Reserve Petroleum Co'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 )
=	4.156	/ (	(2.401	+	2.367)	/	2 )
=	4.156	/	2.384
=	1.74

The Reserve Petroleum Co (OTCPK:RSRV) 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.

The Reserve Petroleum Co Receivables Turnover Related Terms

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The Reserve Petroleum Co (The Reserve Petroleum Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » The Reserve Petroleum Co (OTCPK:RSRV) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6801 Broadway Extension, Suite 300, Oklahoma City, OK, USA, 73116-9037

Website

http://www.reserve-petro.com

The Reserve Petroleum Co is engaged in managing its owned mineral properties and exploration and development of oil and natural gas properties. It operates through the segment of the oil and natural gas exploration and development and minerals management with areas of concentration in Texas, Oklahoma, Kansas, Arkansas, and South Dakota.

Executives

Cameron R Mclain	director, officer: PRESIDENT	805 GLEN EAGLES DR, EDMOND OK 73013
Lawrence Raymond Francis	officer: 1st VP & Secretary/Treasurer	6801 BROADWAY EXTENSION, SUITE 300, OKLAHOMA CITY OK 73116
John Mclain	director	6801 BROADWAY EXTENSION, SUITE 200, OKLAHOMA CITY OK 73116-9037
Robert T Mclain	director	6403 N. GRAND BLVD, SUITE 200, OKLAHOMA CITY OK 73116
Robert L Savage	director	8326 GLENWOOD AVENUE, OKLAHOMA CITY OK 73114
James L Tyler	director, officer: 2nd Vice President, Sec/Treas	7720 NW 102ND ST, OKLAHOMA CITY OK 73162-5314
Kyle L Mclain	other: Performs policy making functio	2301 STEEPLECHASE RD, EDMOND OK 73034
Mason W Mclain	director, 10 percent owner, officer: President

The Reserve Petroleum Co (The Reserve Petroleum Co) Headlines

From GuruFocus

Insider Buying: President Cameron Mclain Acquires 165 Shares of The Reserve Petroleum Co

By GuruFocus Research • 08-30-2023