United Oil & Gas (LSE:UOG) Receivables Turnover : 2.40 (As of Jun. 2023)

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What is United Oil & Gas 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. United Oil & Gas's Revenue for the six months ended in Jun. 2023 was £6.00 Mil. United Oil & Gas's average Accounts Receivable for the six months ended in Jun. 2023 was £2.50 Mil. Hence, United Oil & Gas's Receivables Turnover for the six months ended in Jun. 2023 was 2.40.

United Oil & Gas Receivables Turnover Historical Data

The historical data trend for United Oil & Gas'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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United Oil & Gas Receivables Turnover Chart

United Oil & Gas Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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9.38

7.48

United Oil & Gas Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial											43.35	8.83	7.23	3.10	2.40

Competitive Comparison of United Oil & Gas's Receivables Turnover

For the Oil & Gas E&P subindustry, United Oil & Gas'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.

United Oil & Gas's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where United Oil & Gas's Receivables Turnover falls into.

United Oil & Gas Receivables Turnover Calculation

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

United Oil & Gas'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 )
=	17.252	/ (	(1.698	+	2.914)	/	2 )
=	17.252	/	2.306
=	7.48

United Oil & Gas'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 )
=	5.995	/ (	(2.914	+	2.092)	/	2 )
=	5.995	/	2.503
=	2.40

United Oil & Gas (LSE:UOG) 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.

United Oil & Gas Receivables Turnover Related Terms

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United Oil & Gas (LSE:UOG) Business Description

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1UO:Germany

Address

34-43 Lincoln’s Inn Fields, 2nd Floor, London, GBR, WC2A 3PA

Website

https://www.uogplc.com

United Oil & Gas PLC is engaged in the production and development exploration for crude oil petroleum and natural gas. The group operates in three geographic areas - the UK, Europe, Latin America, and Egypt. The Egypt segment generates the maximum revenue for the company.

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