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. American Noble Gas's Revenue for the
three
months ended in Sep. 2023 was $0.02 Mil. American Noble Gas's average Accounts Receivable for the
three
months ended in Sep. 2023 was $0.03 Mil.
Hence, American Noble Gas's Receivables Turnover for the
three
months ended in Sep. 2023 was 0.75.
American Noble Gas (OTCPK:AMNI) 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.
American Noble Gas Receivables Turnover Related Terms
American Noble Gas Receivables Turnover Historical Data
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The historical data trend for American Noble 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.
AMNI vs COP, EOG, OXY: Receivables Turnover Comparison
For the Oil & Gas E&P subindustry, American Noble 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.
American Noble Gas Receivables Turnover vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, American Noble Gas's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where American Noble Gas's Receivables Turnover falls into.
* 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.
American Noble Gas (AMNI) has a Receivables Turnover of 0.75 as of Sep. 2023. The accounts 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. View historical data on American Noble Gas and its competitors.
Is American Noble Gas' Receivables Turnover too high?
American Noble Gas' current Receivables Turnover is 0.75. The Oil & Gas industry median Receivables Turnover is 8.00. American Noble Gas' value of 0.75 is 90.6% below this industry median. Overall, American Noble Gas has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does American Noble Gas' Receivables Turnover compare to COP and EOG?
American Noble Gas' Receivables Turnover of 0.75 can be compared against companies in the Oil & Gas industry. The industry median Receivables Turnover is 8.00. American Noble Gas' value of 0.75 is 90.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Oil & Gas company?
The median Receivables Turnover among Oil & Gas companies is 8.00, based on 891 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Noble Gas's current Receivables Turnover of 0.75 is 90.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on American Noble Gas and its competitors. For the Oil & Gas industry, the median Receivables Turnover is 8.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Noble Gas's current Receivables Turnover is 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Noble Gas stock overvalued right now?
American Noble Gas (AMNI) has a current Receivables Turnover of 0.75. The current Receivables Turnover is 0.75 and 90.6% below the Oil & Gas industry median of 8.00. American Noble Gas' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For American Noble Gas (AMNI), the current Receivables Turnover is 0.75 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
American Noble Gas Inc is active in the energy sector. It has conducted an environmental study and developed geological information from the reprocessing and additional evaluation of existing three-dimensional (3-D) seismic data in the Perlas and Tyra concession blocks.
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