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Union Jack Oil (LSE:UJO) Receivables Turnover : 0.98 (As of Dec. 2023)


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What is Union Jack Oil 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. Union Jack Oil's Revenue for the six months ended in Dec. 2023 was £1.48 Mil. Union Jack Oil's average Accounts Receivable for the six months ended in Dec. 2023 was £1.52 Mil. Hence, Union Jack Oil's Receivables Turnover for the six months ended in Dec. 2023 was 0.98.


Union Jack Oil Receivables Turnover Historical Data

The historical data trend for Union Jack Oil'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.

* Premium members only.

Union Jack Oil Receivables Turnover Chart

Union Jack Oil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.26 3.13 4.97 12.93 10.06

Union Jack Oil Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.86 3.14 2.97 2.16 0.98

Competitive Comparison of Union Jack Oil's Receivables Turnover

For the Oil & Gas E&P subindustry, Union Jack Oil'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.


Union Jack Oil's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Union Jack Oil's Receivables Turnover falls into.



Union Jack Oil Receivables Turnover Calculation

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

Union Jack Oil'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 )
=5.066 / ((0.649 + 0.358) / 2 )
=5.066 / 0.5035
=10.06

Union Jack Oil'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 )
=1.481 / ((2.674 + 0.358) / 2 )
=1.481 / 1.516
=0.98

* 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.


Union Jack Oil  (LSE:UJO) 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.


Union Jack Oil Receivables Turnover Related Terms

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Union Jack Oil (LSE:UJO) Business Description

Traded in Other Exchanges
Address
6 Charlotte Street, Bath, GBR, BA1 2NE
Union Jack Oil PLC is an onshore oil and gas exploration and production company. The company mainly focuses on segment Exploration & Evaluation and Development & Production. Its principal projects consist of Biscathorpe, Burton on the Wolds, Wressle, Fiskerton Airfield and Keddington.

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