Harbour Energy (LSE:HBR) Receivables Turnover : 2.72 (As of Dec. 2023)

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What is Harbour 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. Harbour Energy's Revenue for the six months ended in Dec. 2023 was £1,362 Mil. Harbour Energy's average Accounts Receivable for the six months ended in Dec. 2023 was £500 Mil. Hence, Harbour Energy's Receivables Turnover for the six months ended in Dec. 2023 was 2.72.

Harbour Energy Receivables Turnover Historical Data

The historical data trend for Harbour 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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Harbour Energy Receivables Turnover Chart

Harbour Energy Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

12.74

12.62

14.86

9.69

Harbour Energy Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			3.78	3.62	3.61	3.04	2.72

Competitive Comparison of Harbour Energy's Receivables Turnover

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

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

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

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

Harbour Energy Receivables Turnover Calculation

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

Harbour 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 )
=	2934.85	/ (	(321.832	+	283.61)	/	2 )
=	2934.85	/	302.721
=	9.69

Harbour 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 )
=	1361.723	/ (	(716.522	+	283.61)	/	2 )
=	1361.723	/	500.066
=	2.72

Harbour Energy (LSE:HBR) 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.

Harbour Energy Receivables Turnover Related Terms

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Harbour Energy (LSE:HBR) Business Description

Industry

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

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Traded in Other Exchanges

PMOIF:USA HBRIY:USA HBRl:UK PQQ0:Germany

Address

23 Lower Belgrave Street, London, GBR, SW1W ONR

Website

https://www.harbourenergy.com

Harbour Energy PLC is an independent oil and gas company, producing over 200,000 barrels of oil equivalent per day from the North Sea and South East Asia. It has a lower carbon intensity than the average UK oil and gas producer.

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