Glen Rose Petroleum (Glen Rose Petroleum) Receivables Turnover : 2.69 (As of Dec. 2011)

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What is Glen Rose Petroleum 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. Glen Rose Petroleum's Revenue for the three months ended in Dec. 2011 was $0.46 Mil. Glen Rose Petroleum's average Accounts Receivable for the three months ended in Dec. 2011 was $0.17 Mil. Hence, Glen Rose Petroleum's Receivables Turnover for the three months ended in Dec. 2011 was 2.69.

Glen Rose Petroleum Receivables Turnover Historical Data

The historical data trend for Glen Rose Petroleum'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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Glen Rose Petroleum Receivables Turnover Chart

Glen Rose Petroleum Annual Data

Trend

Mar02

Mar03

Mar04

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Receivables Turnover

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3.82

0.26

20.33

12.50

9.76

Glen Rose Petroleum Quarterly Data
	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11
Receivables Turnover	Get a 7-Day Free Trial															2.77	2.56	3.06	2.60	2.69

Competitive Comparison of Glen Rose Petroleum's Receivables Turnover

For the Oil & Gas E&P subindustry, Glen Rose Petroleum'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.

Glen Rose Petroleum's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Glen Rose Petroleum's Receivables Turnover falls into.

Glen Rose Petroleum Receivables Turnover Calculation

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

Glen Rose Petroleum's Receivables Turnover for the fiscal year that ended in Mar. 2011 is calculated as

	Receivables Turnover (A: Mar. 2011 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2011 )	/ (	(Accounts Receivable (A: Mar. 2010 )	+	Accounts Receivable (A: Mar. 2011 ))	/	count )
=	1.103	/ (	(0	+	0.113)	/	1 )
=	1.103	/	0.113
=	9.76

Glen Rose Petroleum's Receivables Turnover for the quarter that ended in Dec. 2011 is calculated as

	Receivables Turnover (Q: Dec. 2011 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2011 )	/ (	(Accounts Receivable (Q: Sep. 2011 )	+	Accounts Receivable (Q: Dec. 2011 ))	/	count )
=	0.459	/ (	(0.025	+	0.316)	/	2 )
=	0.459	/	0.1705
=	2.69

Glen Rose Petroleum (GREY:GLRP) 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.

Glen Rose Petroleum Receivables Turnover Related Terms

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