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Crown Point Energy (Crown Point Energy) Receivables Turnover : 2.73 (As of Dec. 2023)


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What is Crown Point 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. Crown Point Energy's Revenue for the three months ended in Dec. 2023 was $5.47 Mil. Crown Point Energy's average Accounts Receivable for the three months ended in Dec. 2023 was $2.00 Mil. Hence, Crown Point Energy's Receivables Turnover for the three months ended in Dec. 2023 was 2.73.


Crown Point Energy Receivables Turnover Historical Data

The historical data trend for Crown Point 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.

* Premium members only.

Crown Point Energy Receivables Turnover Chart

Crown Point Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.14 4.26 9.19 9.11 10.03

Crown Point Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.46 2.15 2.55 3.27 2.73

Competitive Comparison of Crown Point Energy's Receivables Turnover

For the Oil & Gas E&P subindustry, Crown Point 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.


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

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

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



Crown Point Energy Receivables Turnover Calculation

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

Crown Point 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 )
=26.515 / ((3.518 + 1.767) / 2 )
=26.515 / 2.6425
=10.03

Crown Point 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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=5.466 / ((2.235 + 1.767) / 2 )
=5.466 / 2.001
=2.73

* 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.


Crown Point Energy  (OTCPK:CWVLF) 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.


Crown Point Energy Receivables Turnover Related Terms

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Crown Point Energy (Crown Point Energy) Business Description

Traded in Other Exchanges
Address
Godoy Cruz 2769 Piso 4, Ciudad Autonoma de Buenos Aires, Buenos Aires, ARG, C1425FQK
Crown Point Energy Inc. is an oil and gas exploration and development company. The Company's exploration and development activities focus on three producing basins in Argentina, including the Austral basin in the province of Tierra del Fuego, and the Neuquen, Cuyo, and Cuyana basins in the region of Mendoza.