Afentra (LSE:AET) Receivables Turnover : 4.55 (As of Dec. 2024)

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What is Afentra 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. Afentra's Revenue for the six months ended in Dec. 2024 was £83.2 Mil. Afentra's average Accounts Receivable for the six months ended in Dec. 2024 was £18.3 Mil. Hence, Afentra's Receivables Turnover for the six months ended in Dec. 2024 was 4.55.

Afentra Receivables Turnover Historical Data

The historical data trend for Afentra'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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Afentra Receivables Turnover Chart

Afentra Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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302.14

1,703.10

Afentra Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															-	-	5.79	3.25	4.55

Competitive Comparison of Afentra's Receivables Turnover

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

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

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

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

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Afentra Receivables Turnover Calculation

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

Afentra's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	143.06	/ (	(0.071	+	0.097)	/	2 )
=	143.06	/	0.084
=	1,703.10

Afentra's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	83.208	/ (	(36.504	+	0.097)	/	2 )
=	83.208	/	18.3005
=	4.55

Afentra (LSE:AET) 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.

Afentra Receivables Turnover Related Terms

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Afentra Business Description

Industry

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STGAF:USA SEY.GB:UK TB8A:Germany

Address

High Holborn House, 52-54 High Holborn, London, GBR, WC1V 6RL

Website

https://www.afentraplc.com

Afentra PLC is an upstream oil and gas company in the United Kingdom with a focus on exploring opportunities across Africa. Its purpose is to support the energy transition in Africa by establishing itself as a credible partner for divesting IOCs and Host Governments. It holds a non-operated interest in several key blocks. The group has a non-operated interest in producing Block 3/05, as well as in the adjacent development Block 3/05A in the Lower Congo Basin, Angola. Additionally, it holds a non-operating interest in the exploration of Block 23 in the Kwanza Basin. Onshore Angola, Afentra has a non-operated interest in Block KON 19, located in the western part of the Onshore Kwanza Basin. It also has a carried interest in the Odewayne Block, located onshore in southwestern Somaliland.