Block Energy (LSE:BLOE) Receivables Turnover : 4.88 (As of Dec. 2023)

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What is Block 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. Block Energy's Revenue for the six months ended in Dec. 2023 was £3.51 Mil. Block Energy's average Accounts Receivable for the six months ended in Dec. 2023 was £0.72 Mil. Hence, Block Energy's Receivables Turnover for the six months ended in Dec. 2023 was 4.88.

Block Energy Receivables Turnover Historical Data

The historical data trend for Block 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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Block Energy Receivables Turnover Chart

Block Energy Annual Data

Trend

Jun16

Jun17

Jun18

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.55

35.92

Block Energy Semi-Annual Data
	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									2.99	7.76	6.28	2.48	4.88

Competitive Comparison of Block Energy's Receivables Turnover

For the Oil & Gas E&P subindustry, Block 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.

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

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

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

Block Energy Receivables Turnover Calculation

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

Block Energy's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	6.609	/ (	(0	+	0.184)	/	1 )
=	6.609	/	0.184
=	35.92

Block Energy's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	3.508	/ (	(1.255	+	0.184)	/	2 )
=	3.508	/	0.7195
=	4.88

Block Energy (LSE:BLOE) 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.

Block Energy Receivables Turnover Related Terms

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Block Energy (LSE:BLOE) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Block Energy PLC (LSE:BLOE) » Definitions » Receivables Turnover

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BE9:Germany

Address

25 Eccleston Place, Eccleston Yards, London, GBR, SW1W 9NF

Website

https://www.blockenergy.co.uk

Block Energy PLC is an oil exploration, development and production company whose main country of operation is the Republic of Georgia. Its segments include Oil extraction in Georgia and the Corporate function. The company has interests in the Norio oil field, Satskhenisi, and West Rustavi field.

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