North Atlantic Drilling (FRA:2NAA) Receivables Turnover : 0.00 (As of Dec. 2017)

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What is North Atlantic Drilling 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. North Atlantic Drilling's Revenue for the three months ended in Dec. 2017 was €0.0 Mil. North Atlantic Drilling's average Accounts Receivable for the three months ended in Dec. 2017 was €31.3 Mil.

North Atlantic Drilling Receivables Turnover Historical Data

The historical data trend for North Atlantic Drilling'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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North Atlantic Drilling Receivables Turnover Chart

North Atlantic Drilling Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Receivables Turnover

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5.85

5.70

4.87

6.21

4.31

North Atlantic Drilling Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Dec17
Receivables Turnover	Get a 7-Day Free Trial															1.06	0.89	1.28	1.62	-

Competitive Comparison of North Atlantic Drilling's Receivables Turnover

For the Oil & Gas Drilling subindustry, North Atlantic Drilling'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.

North Atlantic Drilling's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where North Atlantic Drilling's Receivables Turnover falls into.

North Atlantic Drilling Receivables Turnover Calculation

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

North Atlantic Drilling's Receivables Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Receivables Turnover (A: Dec. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2017 )	/ (	(Accounts Receivable (A: Dec. 2016 )	+	Accounts Receivable (A: Dec. 2017 ))	/	count )
=	217.587	/ (	(72.048	+	28.983)	/	2 )
=	217.587	/	50.5155
=	4.31

North Atlantic Drilling's Receivables Turnover for the quarter that ended in Dec. 2017 is calculated as

	Receivables Turnover (Q: Dec. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2017 )	/ (	(Accounts Receivable (Q: Jun. 2017 )	+	Accounts Receivable (Q: Dec. 2017 ))	/	count )
=	0	/ (	(33.553	+	28.983)	/	2 )
=	0	/	31.268
=	N/A

North Atlantic Drilling (FRA:2NAA) 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.

North Atlantic Drilling Receivables Turnover Related Terms

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North Atlantic Drilling (FRA:2NAA) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » North Atlantic Drilling Ltd (FRA:2NAA) » Definitions » Receivables Turnover

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Address

Website

http://www.nadlcorp.com

North Atlantic Drilling Ltd is a Bermuda-based offshore drilling contractor which focused on operations in the North Atlantic Region. The company operates offshore drilling rigs in operation offshore Norway and the United Kingdom. It also provides harsh environment drilling services to the oil and gas industry. The company's fleet of offshore drilling units of the company consists of drill ships, semi-submersible rigs, jack-up rigs and tender rigs. It operates its business in Norway, United Kingdom, and Russia and most of the revenue come from Norway.

North Atlantic Drilling (FRA:2NAA) Headlines

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