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. Altima Energy's Revenue for the
three
months ended in Nov. 2024 was $0.61 Mil. Altima Energy's average Accounts Receivable for the
three
months ended in Nov. 2024 was $0.69 Mil.
Hence, Altima Energy's Receivables Turnover for the
three
months ended in Nov. 2024 was 0.90.
Altima Energy (OTCPK:ARSLF) 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.
Altima Energy Receivables Turnover Related Terms
Altima Energy Receivables Turnover Historical Data
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The historical data trend for Altima 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.
ARSLF vs COP, EOG, FANG: Receivables Turnover Comparison
For the Oil & Gas E&P subindustry, Altima 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.
Altima Energy Receivables Turnover vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Altima Energy's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Altima Energy'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.
Altima Energy (ARSLF) has a Receivables Turnover of 0.90 as of Nov. 2024. 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 Altima Energy and its competitors.
Is Altima Energy's Receivables Turnover too high?
Altima Energy's current Receivables Turnover is 0.90. The Oil & Gas industry median Receivables Turnover is 7.99. Altima Energy's value of 0.90 is 88.7% below this industry median. Overall, Altima Energy has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Altima Energy's Receivables Turnover compare to COP and EOG?
Altima Energy's Receivables Turnover of 0.90 can be compared against companies in the Oil & Gas industry. The industry median Receivables Turnover is 7.99. Altima Energy's value of 0.90 is 88.7% 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 7.99, based on 893 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. Altima Energy's current Receivables Turnover of 0.90 is 88.7% 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 Altima Energy and its competitors. For the Oil & Gas industry, the median Receivables Turnover is 7.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altima Energy's current Receivables Turnover is 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altima Energy stock overvalued right now?
Altima Energy (ARSLF) has a current Receivables Turnover of 0.90. The current Receivables Turnover is 0.90 and 88.7% below the Oil & Gas industry median of 7.99. Altima Energy's overall GF Score™ is 13/100. 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 Altima Energy (ARSLF), the current Receivables Turnover is 0.90 as of Nov. 2024. 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.
Altima Energy Inc is a junior energy company engaged in the exploring and developing oil and natural gas assets in Western Canada. It is exploration in regions such as the Deep Basin of West Central Alberta and Rainbow Lake in Northwestern Alberta.
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