Cooper Energy (ASX:COE) Receivables Turnover : 6.06 (As of Dec. 2023)

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What is Cooper 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. Cooper Energy's Revenue for the six months ended in Dec. 2023 was A$105.9 Mil. Cooper Energy's average Accounts Receivable for the six months ended in Dec. 2023 was A$17.5 Mil. Hence, Cooper Energy's Receivables Turnover for the six months ended in Dec. 2023 was 6.06.

Cooper Energy Receivables Turnover Historical Data

The historical data trend for Cooper 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.

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Cooper Energy Receivables Turnover Chart

Cooper Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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6.89

5.81

8.73

17.83

18.03

Cooper Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															5.55	6.57	6.25	5.75	6.06

Competitive Comparison of Cooper Energy's Receivables Turnover

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

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

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

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

Cooper Energy Receivables Turnover Calculation

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

Cooper Energy's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	196.945	/ (	(10.486	+	11.36)	/	2 )
=	196.945	/	10.923
=	18.03

Cooper Energy'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	105.864	/ (	(11.36	+	23.552)	/	2 )
=	105.864	/	17.456
=	6.06

Cooper Energy (ASX:COE) 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.

Cooper Energy Receivables Turnover Related Terms

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Cooper Energy (ASX:COE) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cooper Energy Ltd (ASX:COE) » Definitions » Receivables Turnover

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COPJF:USA CDP:Germany

Address

70 Franklin Street, Level 8, Adelaide, SA, AUS, 5000

Website

https://www.cooperenergy.com.au

Cooper Energy Ltd is an upstream gas and oil exploration and production company whose primary purpose is to secure, find, develop, produce and sell hydrocarbons. It is engaged in the discovery, commercialisation, and sale of gas to southeast Australia and low-cost Cooper Basin oil production. Its segments are Cooper Basin; South-East Australia and Other. The company derives a majority of its revenue from South East Australia. The company projects include Sole Gas and Manta Project in Southeast Australia.