Challenger Energy Group (LSE:CEG) Receivables Turnover : 1.26 (As of Jun. 2023)

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What is Challenger Energy Group 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. Challenger Energy Group's Revenue for the six months ended in Jun. 2023 was £1.49 Mil. Challenger Energy Group's average Accounts Receivable for the six months ended in Jun. 2023 was £1.19 Mil. Hence, Challenger Energy Group's Receivables Turnover for the six months ended in Jun. 2023 was 1.26.

Challenger Energy Group Receivables Turnover Historical Data

The historical data trend for Challenger Energy Group'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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Challenger Energy Group Receivables Turnover Chart

Challenger Energy Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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4.86

14.61

16.64

Challenger Energy Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															0.96	0.89	0.94	0.57	1.26

Competitive Comparison of Challenger Energy Group's Receivables Turnover

For the Oil & Gas E&P subindustry, Challenger Energy Group'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.

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

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

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

Challenger Energy Group Receivables Turnover Calculation

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

Challenger Energy Group's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	3.502	/ (	(0.232	+	0.189)	/	2 )
=	3.502	/	0.2105
=	16.64

Challenger Energy Group's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	1.492	/ (	(0.189	+	2.182)	/	2 )
=	1.492	/	1.1855
=	1.26

Challenger Energy Group (LSE:CEG) 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.

Challenger Energy Group Receivables Turnover Related Terms

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Challenger Energy Group (LSE:CEG) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Challenger Energy Group PLC (LSE:CEG) » Definitions » Receivables Turnover

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BSHPF:USA CEG:UK BPV0:Germany

Address

Alexandra Road, The Engine House, Castletown, IMN, IM9 1TG

Website

https://www.cegplc.com

Challenger Energy Group PLC is an Caribbean and Atlantic margin Based oil and gas exploration company. All of its business activities related to oil and gas exploration &production, development, appraisal activities in Uruguay, Trinidad and Tobago, Suriname, and The Bahamas. The company is engaged in evaluating and realizing the potential of carbonate reservoir systems contained in operating leases in Bahamian waters.