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. Forbes Energy Services's Revenue for the
three
months ended in Mar. 2020 was $30.5 Mil. Forbes Energy Services's average Accounts Receivable for the
three
months ended in Mar. 2020 was $22.1 Mil.
Hence, Forbes Energy Services's Receivables Turnover for the
three
months ended in Mar. 2020 was 1.38.
Forbes Energy Services (OTCPK:FLSS) 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.
Forbes Energy Services Receivables Turnover Related Terms
Forbes Energy Services Receivables Turnover Historical Data
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The historical data trend for Forbes Energy Services'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.
FLSS vs CRRTQ, HOSSQ, BANM: Receivables Turnover Comparison
For the Oil & Gas Equipment & Services subindustry, Forbes Energy Services'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.
Forbes Energy Services Receivables Turnover vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Forbes Energy Services's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Forbes Energy Services's Receivables Turnover falls into.
* 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.
Forbes Energy Services (FLSS) has a Receivables Turnover of 1.38 as of Mar. 2020. The accounts 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. View historical data on Forbes Energy Services and its competitors.
Is Forbes Energy Services' Receivables Turnover too high?
Forbes Energy Services' current Receivables Turnover is 1.38. The Oil & Gas industry median Receivables Turnover is 7.99. Forbes Energy Services' value of 1.38 is 82.7% below this industry median. Overall, Forbes Energy Services has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Forbes Energy Services' Receivables Turnover compare to CRRTQ and HOSSQ?
Forbes Energy Services' Receivables Turnover of 1.38 can be compared against companies in the Oil & Gas industry. The industry median Receivables Turnover is 7.99. Forbes Energy Services' value of 1.38 is 82.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Oil & Gas company?
The median Receivables Turnover among Oil & Gas companies is 7.99, based on 893 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forbes Energy Services's current Receivables Turnover of 1.38 is 82.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Forbes Energy Services and its competitors. For the Oil & Gas industry, the median Receivables Turnover is 7.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forbes Energy Services's current Receivables Turnover is 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forbes Energy Services stock overvalued right now?
Forbes Energy Services (FLSS) has a current Receivables Turnover of 1.38. The current Receivables Turnover is 1.38 and 82.7% below the Oil & Gas industry median of 7.99. Forbes Energy Services' overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Forbes Energy Services (FLSS), the current Receivables Turnover is 1.38 as of Mar. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Forbes Energy Services Ltd operates as an oilfield services contractor that provides a wide range of well site services to oil and natural gas drilling and producing companies to help develop and enhance the production of oil and natural gas. The company operates in three business segments namely Well Servicing which is the key revenue driver, Coiled Tubing, and Fluid Logistics. These services include fluid hauling, fluid disposal, well maintenance, completion services, workovers and recompletions, plugging and abandonment, and tubing testing. Geographically, it operates in South, East, Central, and West Texas.
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