Enerjex Resources (Enerjex Resources) Receivables Turnover : 2.28 (As of Mar. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Enerjex Resources 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. Enerjex Resources's Revenue for the three months ended in Mar. 2024 was $3.89 Mil. Enerjex Resources's average Accounts Receivable for the three months ended in Mar. 2024 was $1.70 Mil. Hence, Enerjex Resources's Receivables Turnover for the three months ended in Mar. 2024 was 2.28.

Enerjex Resources Receivables Turnover Historical Data

The historical data trend for Enerjex Resources'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.

Enerjex Resources Receivables Turnover Chart

Enerjex Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

4.50

19.47

3.38

7.48

6.43

Enerjex Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.58	1.31	1.69	1.43	2.28

Competitive Comparison of Enerjex Resources's Receivables Turnover

For the Computer Hardware subindustry, Enerjex Resources'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.

Enerjex Resources's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Enerjex Resources's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Enerjex Resources's Receivables Turnover falls into.

Enerjex Resources Receivables Turnover Calculation

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

Enerjex Resources'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 )
=	13.741	/ (	(2.213	+	2.058)	/	2 )
=	13.741	/	2.1355
=	6.43

Enerjex Resources'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 )
=	3.894	/ (	(2.058	+	1.351)	/	2 )
=	3.894	/	1.7045
=	2.28

Enerjex Resources (OTCPK:ENRJP.PFD) 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.

Enerjex Resources Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Enerjex Resources's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Enerjex Resources (Enerjex Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Enerjex Resources Inc (OTCPK:ENRJP.PFD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

UAVS:USA 0A4B:UK 29Z:Germany

Address

8863 East. 34th Street North, Wichita, KS, USA, 67226

Website

https://www.ageagle.com

AgEagle Aerial Systems Inc is a provider of drone imagery data analytics for the precision and sustainable agriculture markets. It designs, produces, distributes, and supports technologically- advanced small unmanned aerial systems (UAVs) that it offers for sale commercially to the precision agriculture industry. Its segments include Drones, Sensors and Software-as-a-Service (SaaS). The company's majority revenue is derived primarily through the sales of drones and drone-related products.