Athlon Energy (FRA:28A) Receivables Turnover : 1.90 (As of Sep. 2014)

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What is Athlon 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. Athlon Energy's Revenue for the three months ended in Sep. 2014 was €128.8 Mil. Athlon Energy's average Accounts Receivable for the three months ended in Sep. 2014 was €67.7 Mil. Hence, Athlon Energy's Receivables Turnover for the three months ended in Sep. 2014 was 1.90.

Athlon Energy Receivables Turnover Historical Data

The historical data trend for Athlon 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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Athlon Energy Receivables Turnover Chart

Athlon Energy Annual Data

Trend

Dec11

Dec12

Dec13

Receivables Turnover

3.82

7.55

8.11

Athlon Energy Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Receivables Turnover	Get a 7-Day Free Trial			2.12	1.91	1.88	1.90	1.90

Competitive Comparison of Athlon Energy's Receivables Turnover

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

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

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

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

Athlon Energy Receivables Turnover Calculation

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

Athlon Energy's Receivables Turnover for the fiscal year that ended in Dec. 2013 is calculated as

	Receivables Turnover (A: Dec. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2013 )	/ (	(Accounts Receivable (A: Dec. 2012 )	+	Accounts Receivable (A: Dec. 2013 ))	/	count )
=	218.542	/ (	(18.67	+	35.214)	/	2 )
=	218.542	/	26.942
=	8.11

Athlon Energy's Receivables Turnover for the quarter that ended in Sep. 2014 is calculated as

	Receivables Turnover (Q: Sep. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2014 )	/ (	(Accounts Receivable (Q: Jun. 2014 )	+	Accounts Receivable (Q: Sep. 2014 ))	/	count )
=	128.848	/ (	(59.957	+	75.398)	/	2 )
=	128.848	/	67.6775
=	1.90

Athlon Energy (FRA:28A) 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.

Athlon Energy Receivables Turnover Related Terms

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Athlon Energy (FRA:28A) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.athlonenergy.com

Athlon Energy Inc was founded in August 2010 and formed on April 1, 2013 as a Delaware corporation. The Company is an independent exploration and production company engaged in the acquisition, development, and exploitation of unconventional oil and liquids-rich natural gas reserves in the Permian Basin. The Permian Basin spans portions of Texas and New Mexico and is composed of three primary sub-basins: the Delaware Basin, the Central Basin Platform, and the Midland Basin. All of the properties are located in the Midland Basin. The Company's drilling activity is primarily engaged in the low-risk vertical development of stacked pay zones, including the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, Atoka, and Mississippian formations, referred to as the Wolfberry play, and horizontal development of the Wolfcamp. As of December 31, 2013, it had identified 2,232 gross vertical drilling locations on 40-acre spacing and an additional 2,616 gross vertical drilling locations on 20-acre spacing. Only 659 gross of these potential vertical drilling locations were booked as proved undeveloped reserves. As of December 31, 2013, it had also identified 1,065 gross horizontal drilling locations targeting Wolfcamp A, Wolfcamp B, Wolfcamp C, and Cline intervals, which comprise 327 gross, 362 gross, 136 gross, and 240 gross locations, respectively. Its acreage position was 127,840 gross acres at December 31, 2013. As of December 31, 2013, it had 127.3 MMBOE of proved reserves, comprised of 71.2 MMBbls of oil, 30.7 MMBbls of NGLs, and 152.2 Bcf of natural gas. The Company's facilities located at well locations include field gathering systems, storage tank batteries, saltwater disposal systems, oil/gas/water separation equipment, and pumping units. It owns 10 saltwater disposal systems with over 45,700 barrels of water per day capacity and access to over 144 fresh water supply wells throughout its acreage.

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