ElectroMagnetic GeoServices ASA (OSL:EMGS) Receivables Turnover : 0.35 (As of Mar. 2024)

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What is ElectroMagnetic GeoServices ASA 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. ElectroMagnetic GeoServices ASA's Revenue for the three months ended in Mar. 2024 was kr2.54 Mil. ElectroMagnetic GeoServices ASA's average Accounts Receivable for the three months ended in Mar. 2024 was kr7.24 Mil. Hence, ElectroMagnetic GeoServices ASA's Receivables Turnover for the three months ended in Mar. 2024 was 0.35.

ElectroMagnetic GeoServices ASA Receivables Turnover Historical Data

The historical data trend for ElectroMagnetic GeoServices ASA'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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ElectroMagnetic GeoServices ASA Receivables Turnover Chart

ElectroMagnetic GeoServices ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.32

2.02

8.51

8.72

2.04

ElectroMagnetic GeoServices ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.97	0.09	1.37	0.89	0.35

Competitive Comparison of ElectroMagnetic GeoServices ASA's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, ElectroMagnetic GeoServices ASA'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.

ElectroMagnetic GeoServices ASA's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where ElectroMagnetic GeoServices ASA's Receivables Turnover falls into.

ElectroMagnetic GeoServices ASA Receivables Turnover Calculation

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

ElectroMagnetic GeoServices ASA'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 )
=	84.269	/ (	(71.888	+	10.76)	/	2 )
=	84.269	/	41.324
=	2.04

ElectroMagnetic GeoServices ASA's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2.536	/ (	(10.76	+	3.725)	/	2 )
=	2.536	/	7.2425
=	0.35

ElectroMagnetic GeoServices ASA (OSL:EMGS) 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.

ElectroMagnetic GeoServices ASA Receivables Turnover Related Terms

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ElectroMagnetic GeoServices ASA (OSL:EMGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ElectroMagnetic GeoServices ASA (OSL:EMGS) » Definitions » Receivables Turnover

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Traded in Other Exchanges

EMGSo:Sweden E2M:Germany

Address

Karenslyst Alle 4, 4th floor, Oslo, NOR, 0278

Website

https://www.emgs.com

ElectroMagnetic GeoServices ASA is a company engaged in offering electromagnetic services. It principally uses electromagnetic survey method to find hydrocarbons in offshore reservoirs. The firm is focused on planning, acquisition, processing, modelling, interpretation, and integration of electromagnetic data. The oil and gas companies, along with other customers of the group, use electromagnetic services to evaluate whether an offshore acreage is viable for commercial production of hydrocarbons. The business operations of the group are carried in Europe, the Middle East and Africa, North and South America, Asia and the Pacific Ocean. It generates revenue from the Contract sales and Multi-client sales.

ElectroMagnetic GeoServices ASA (OSL:EMGS) Headlines

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