High Peak Royalties (ASX:HPR) Receivables Turnover : 3.54 (As of Dec. 2023)

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What is High Peak Royalties 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. High Peak Royalties's Revenue for the six months ended in Dec. 2023 was A$0.52 Mil. High Peak Royalties's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.15 Mil. Hence, High Peak Royalties's Receivables Turnover for the six months ended in Dec. 2023 was 3.54.

High Peak Royalties Receivables Turnover Historical Data

The historical data trend for High Peak Royalties'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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High Peak Royalties Receivables Turnover Chart

High Peak Royalties Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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6.48

9.26

High Peak Royalties 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															1.69	2.89	4.14	6.57	3.54

Competitive Comparison of High Peak Royalties's Receivables Turnover

For the Oil & Gas E&P subindustry, High Peak Royalties'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.

High Peak Royalties's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where High Peak Royalties's Receivables Turnover falls into.

High Peak Royalties Receivables Turnover Calculation

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

High Peak Royalties'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 )
=	1.523	/ (	(0.161	+	0.168)	/	2 )
=	1.523	/	0.1645
=	9.26

High Peak Royalties'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 )
=	0.524	/ (	(0.168	+	0.128)	/	2 )
=	0.524	/	0.148
=	3.54

High Peak Royalties (ASX:HPR) 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.

High Peak Royalties Receivables Turnover Related Terms

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High Peak Royalties (ASX:HPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High Peak Royalties Ltd (ASX:HPR) » Definitions » Receivables Turnover

Comparable Companies

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N/A

Address

C/- Traverse Accountants Pty Ltd, 24-26 Kent Street, Millers Point, Sydney, NSW, AUS, 2000

Website

https://www.highpeak.com.au

High Peak Royalties Ltd is engaged in the acquisition of royalty and exploration interests in oil and gas assets predominately in Australia and the United States. Geographically, it operates in USA and Australia and generates a majority of its revenue from the United States. The Company has royalties over 20 oil and gas permits in Australia over 2,000 wells in the USA and is the operator of four geothermal permit interests.