CanAsia Energy (CanAsia Energy) Receivables Turnover : 0.00 (As of Mar. 2024)

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What is CanAsia 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. CanAsia Energy's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. CanAsia Energy's average Accounts Receivable for the three months ended in Mar. 2024 was $0.24 Mil.

CanAsia Energy Receivables Turnover Historical Data

The historical data trend for CanAsia 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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CanAsia Energy Receivables Turnover Chart

CanAsia Energy Annual Data

Trend

Dec22

Dec23

Receivables Turnover

CanAsia Energy Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of CanAsia Energy's Receivables Turnover

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

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

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

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

CanAsia Energy Receivables Turnover Calculation

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

CanAsia Energy'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 )
=	0	/ (	(0.159	+	0.213)	/	2 )
=	0	/	0.186
=	N/A

CanAsia Energy's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0	/ (	(0.213	+	0.262)	/	2 )
=	0	/	0.2375
=	N/A

CanAsia Energy (OTCPK:CECAF) 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.

CanAsia Energy Receivables Turnover Related Terms

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CanAsia Energy (CanAsia Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CanAsia Energy Corp (OTCPK:CECAF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

CEC:Canada

Address

3rd Street SW, Unit 1505, 505, Calgary, AB, CAN, T2P 3E6

Website

https://canasiacorp.com

CanAsia Energy Corp is a Calgary, Alberta-based oil and gas exploration and production company with operations located at Sawn Lake, Alberta.

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