Prospex Energy (LSE:PXEN) Receivables Turnover : 0.00 (As of Jun. 2024)

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What is Prospex 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. Prospex Energy's Revenue for the six months ended in Jun. 2024 was £0.00 Mil. Prospex Energy's average Accounts Receivable for the six months ended in Jun. 2024 was £2.85 Mil.

Prospex Energy Receivables Turnover Historical Data

The historical data trend for Prospex 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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Prospex Energy Receivables Turnover Chart

Prospex Energy Annual Data

Trend

Dec14

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Dec23

Receivables Turnover

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Prospex Energy Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
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Competitive Comparison of Prospex Energy's Receivables Turnover

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

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

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

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

Prospex Energy Receivables Turnover Calculation

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

Prospex 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 )
=	0	/ (	(0	+	0.003)	/	1 )
=	0	/	0.003
=	N/A

Prospex Energy's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	0	/ (	(0.003	+	5.695)	/	2 )
=	0	/	2.849
=	N/A

Prospex Energy (LSE:PXEN) 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.

Prospex Energy Receivables Turnover Related Terms

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Prospex Energy Business Description

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PXEN:UK

Address

c/o Shakespeare Martineau LLP, 60 Gracechurch Street, London, GBR, EC3V 0HR

Website

http://www.prospex.energy

Prospex Energy PLC is a British Oil and Gas investment company. The company's investment policy is to acquire and invest in companies and projects within the natural resources and energy sector with potential for growth and income. Its strategy is to acquire a portfolio of investments in oil and gas projects that are at various stages of the development cycle and which represent attractive opportunities on a risk/reward basis.

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