Chemoil Energy (FRA:LHT) Receivables Turnover : 2.30 (As of Dec. 2013)

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What is Chemoil 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. Chemoil Energy's Revenue for the three months ended in Dec. 2013 was €2,353 Mil. Chemoil Energy's average Accounts Receivable for the three months ended in Dec. 2013 was €1,025 Mil. Hence, Chemoil Energy's Receivables Turnover for the three months ended in Dec. 2013 was 2.30.

Chemoil Energy Receivables Turnover Historical Data

The historical data trend for Chemoil 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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Chemoil Energy Receivables Turnover Chart

Chemoil Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Receivables Turnover

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21.53

10.50

12.14

9.90

Chemoil Energy Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Receivables Turnover	Get a 7-Day Free Trial															2.51	2.64	2.64	2.57	2.30

Competitive Comparison of Chemoil Energy's Receivables Turnover

For the Oil & Gas Midstream subindustry, Chemoil 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.

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

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

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

Chemoil Energy Receivables Turnover Calculation

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

Chemoil 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 )
=	9460.003	/ (	(919.444	+	991.244)	/	2 )
=	9460.003	/	955.344
=	9.90

Chemoil Energy's Receivables Turnover for the quarter that ended in Dec. 2013 is calculated as

	Receivables Turnover (Q: Dec. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2013 )	/ (	(Accounts Receivable (Q: Sep. 2013 )	+	Accounts Receivable (Q: Dec. 2013 ))	/	count )
=	2353.353	/ (	(1057.949	+	991.244)	/	2 )
=	2353.353	/	1024.5965
=	2.30

Chemoil Energy (FRA:LHT) 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.

Chemoil Energy Receivables Turnover Related Terms

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Chemoil Energy (FRA:LHT) Business Description

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http://www.chemoil.com

The Joint Corp develops, owns, operates, supports and manages chiropractic clinics through direct ownership, management arrangements, franchising and the sale of regional developer rights throughout the United States. The Company has two operating business segments. The Corporate Clinics segment is comprised of the operating activities of the company-owned or managed clinics. The Franchise Operations segment is comprised of the operating activities of the franchise business unit. The Joint generates most of its revenues from its Franchise operations segment.

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