BW Energy (OSL:BWE) Receivables Turnover : 14.64 (As of Dec. 2023)

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What is BW 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. BW Energy's Revenue for the six months ended in Dec. 2023 was kr3,560 Mil. BW Energy's average Accounts Receivable for the six months ended in Dec. 2023 was kr243 Mil. Hence, BW Energy's Receivables Turnover for the six months ended in Dec. 2023 was 14.64.

BW Energy Receivables Turnover Historical Data

The historical data trend for BW 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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BW Energy Receivables Turnover Chart

BW Energy Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.27

3.62

6.96

11.78

61.89

BW Energy Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								2.43	3.29	7.79	8.33	14.64

Competitive Comparison of BW Energy's Receivables Turnover

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

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

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

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

BW Energy Receivables Turnover Calculation

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

BW 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 )
=	5351.711	/ (	(63.233	+	109.714)	/	2 )
=	5351.711	/	86.4735
=	61.89

BW 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 )
=	3560.422	/ (	(376.794	+	109.714)	/	2 )
=	3560.422	/	243.254
=	14.64

BW Energy (OSL:BWE) 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.

BW Energy Receivables Turnover Related Terms

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BW Energy (OSL:BWE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BW Energy Ltd (OSL:BWE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BWEFF:USA BWERY:USA BWEo:Sweden BWEo:UK 6BW:Germany

Address

22 Church Street, Washington Mall Phase 2, 4th Floor, Suite 400, Hamilton, BMU, HM 1189

Website

https://www.bwenergy.no

BW Energy Ltd is an oil and gas company engaged in the acquisition, development, and production of oil and natural gas fields. The company has hydrocarbon licenses in Gabon, Brazil, and Namibia. The company generates its revenue from the production and sale of crude oil.

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