Oil and Gas Exploration and Production AD (LTS:0OMR) Receivables Turnover : 13.33 (As of Dec. 2022)

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What is Oil and Gas Exploration and Production AD 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. Oil and Gas Exploration and Production AD's Revenue for the six months ended in Dec. 2022 was лв50.24 Mil. Oil and Gas Exploration and Production AD's average Accounts Receivable for the six months ended in Dec. 2022 was лв3.77 Mil. Hence, Oil and Gas Exploration and Production AD's Receivables Turnover for the six months ended in Dec. 2022 was 13.33.

Oil and Gas Exploration and Production AD Receivables Turnover Historical Data

The historical data trend for Oil and Gas Exploration and Production AD'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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Oil and Gas Exploration and Production AD Receivables Turnover Chart

Oil and Gas Exploration and Production AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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11.68

13.81

9.31

10.97

13.33

Oil and Gas Exploration and Production AD Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Receivables Turnover	Get a 7-Day Free Trial									11.68	13.81	9.31	10.97	13.33

Competitive Comparison of Oil and Gas Exploration and Production AD's Receivables Turnover

For the Oil & Gas E&P subindustry, Oil and Gas Exploration and Production AD'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.

Oil and Gas Exploration and Production AD's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Oil and Gas Exploration and Production AD's Receivables Turnover falls into.

Oil and Gas Exploration and Production AD Receivables Turnover Calculation

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

Oil and Gas Exploration and Production AD'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 )
=	50.238	/ (	(3.875	+	3.661)	/	2 )
=	50.238	/	3.768
=	13.33

Oil and Gas Exploration and Production AD's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	50.238	/ (	(3.875	+	3.661)	/	2 )
=	50.238	/	3.768
=	13.33

Oil and Gas Exploration and Production AD (LTS:0OMR) 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.

Oil and Gas Exploration and Production AD Receivables Turnover Related Terms

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Oil and Gas Exploration and Production AD (LTS:0OMR) Business Description

Industry

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NGAZ:Bulgaria

Address

2, Stefan Karadja Street, Sofia, BGR, 1080

Website

http://www.ogep-bg.com

Oil and Gas Exploration and Production AD is engaged in prospecting, exploration, development and exploitation of oil and gas fields, as well as processing of crude oil. Some of the services provided by the company - design and conducting of 2D and 3D seismic data acquisition, geological and geophysical data processing and interpretation, mud logging, drilling of exploration and production wells for mineralized water and geothermal energy, well logging, among others.

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