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Dolphin Drilling AS (OSL:DDRIL) Receivables Turnover : 2.39 (As of Sep. 2024)


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What is Dolphin Drilling AS 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. Dolphin Drilling AS's Revenue for the three months ended in Sep. 2024 was kr176.3 Mil. Dolphin Drilling AS's average Accounts Receivable for the three months ended in Sep. 2024 was kr73.8 Mil. Hence, Dolphin Drilling AS's Receivables Turnover for the three months ended in Sep. 2024 was 2.39.


Dolphin Drilling AS Receivables Turnover Historical Data

The historical data trend for Dolphin Drilling AS'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.

Dolphin Drilling AS Receivables Turnover Chart

Dolphin Drilling AS Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.88 5.50 6.49 1.75 12.24

Dolphin Drilling AS Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.81 0.98 1.10 2.04 2.39

Competitive Comparison of Dolphin Drilling AS's Receivables Turnover

For the Oil & Gas Drilling subindustry, Dolphin Drilling AS'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.


Dolphin Drilling AS's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Dolphin Drilling AS's Receivables Turnover falls into.



Dolphin Drilling AS Receivables Turnover Calculation

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

Dolphin Drilling AS'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 )
=775.339 / ((10.532 + 116.128) / 2 )
=775.339 / 63.33
=12.24

Dolphin Drilling AS's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=176.335 / ((92.354 + 55.238) / 2 )
=176.335 / 73.796
=2.39

* 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.


Dolphin Drilling AS  (OSL:DDRIL) 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.


Dolphin Drilling AS Receivables Turnover Related Terms

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Dolphin Drilling AS Business Description

Traded in Other Exchanges
Address
Vestre Svanholmen 12, Sandnes, NOR, N-4313
Dolphin Drilling AS along with its subsidiaries provides exploration and development services to the oil and gas industry. The company operates in one segment, providing drilling services to the offshore oil and gas industry. The company generates the majority of its revenue from Nigeria.

Dolphin Drilling AS Headlines

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