Heritage Oil (LSE:0PZU) Receivables Turnover : 934.30 (As of Dec. 2013)

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What is Heritage Oil 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. Heritage Oil's Revenue for the six months ended in Dec. 2013 was £263.5 Mil. Heritage Oil's average Accounts Receivable for the six months ended in Dec. 2013 was £0.3 Mil. Hence, Heritage Oil's Receivables Turnover for the six months ended in Dec. 2013 was 934.30.

Heritage Oil Receivables Turnover Historical Data

The historical data trend for Heritage Oil'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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Heritage Oil Receivables Turnover Chart

Heritage Oil Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Receivables Turnover

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84.12

934.30

Heritage Oil Semi-Annual Data
	Dec97	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Receivables Turnover	Get a 7-Day Free Trial												-	-	-	84.12	934.30

Competitive Comparison of Heritage Oil's Receivables Turnover

For the Oil & Gas E&P subindustry, Heritage Oil'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.

Heritage Oil's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Heritage Oil's Receivables Turnover falls into.

Heritage Oil Receivables Turnover Calculation

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

Heritage Oil'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 )
=	263.474	/ (	(0.065	+	0.499)	/	2 )
=	263.474	/	0.282
=	934.30

Heritage Oil'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: Dec. 2012 )	+	Accounts Receivable (Q: Dec. 2013 ))	/	count )
=	263.474	/ (	(0.065	+	0.499)	/	2 )
=	263.474	/	0.282
=	934.30

Heritage Oil (LSE:0PZU) 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.

Heritage Oil Receivables Turnover Related Terms

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Heritage Oil (LSE:0PZU) Business Description

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Website

http://www.heritageoilplc.com

Heritage Oil PLC was incorporated under the Jersey Companies Law on 6 February 2008 as Heritage Oil Limited. The Company changed its name to Heritage Oil Plc on 18 June 2009. The Company is an independent international oil and gas company. The Company is engaged in the exploration, development and production of petroleum and natural gas in Africa, the Middle East and Russia. The Company has exploration projects in Nigeria, Russia, Tanzania, Papua New Guinea, Malta, Pakistan and Libya. The Company has producing assets in Nigeria and Russia and exploration assets in Tanzania, Papua New Guinea, Malta, Libya and Pakistan.

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