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. NorAm Drilling AS's Revenue for the
three
months ended in Mar. 2026 was kr253 Mil. NorAm Drilling AS's average Accounts Receivable for the
three
months ended in Mar. 2026 was kr134 Mil.
Hence, NorAm Drilling AS's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.89.
NorAm Drilling AS (OSL:NORAM) 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.
NorAm Drilling AS Receivables Turnover Related Terms
NorAm Drilling AS Receivables Turnover Historical Data
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The historical data trend for NorAm 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.
OSL:NORAM vs SLB, BKR, HAL: Receivables Turnover Comparison
For the Oil & Gas Equipment & Services subindustry, NorAm 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.
NorAm Drilling AS Receivables Turnover vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NorAm Drilling AS's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where NorAm Drilling AS's Receivables Turnover falls into.
* 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.
NorAm Drilling AS (OSL:NORAM) has a Receivables Turnover of 1.89 as of Mar. 2026. The accounts 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. View historical data on NorAm Drilling AS and its competitors. According to the industry distribution chart, NorAm Drilling AS ranks #444 out of 893 companies in the Oil & Gas industry, placing it in the top 49.7%.
Is NorAm Drilling AS's Receivables Turnover too high?
NorAm Drilling AS's current Receivables Turnover is 1.89. The Oil & Gas industry median Receivables Turnover is 7.99. NorAm Drilling AS's value of 1.89 is 76.3% below this industry median. Based on the distribution chart, NorAm Drilling AS ranks #444 out of 893 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, NorAm Drilling AS has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NorAm Drilling AS's Receivables Turnover compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, NorAm Drilling AS ranks #444 out of 893 companies for Receivables Turnover. This puts NorAm Drilling AS in the upper half of its industry. The industry median Receivables Turnover is 7.99. NorAm Drilling AS's value of 1.89 is 76.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Oil & Gas company?
The median Receivables Turnover among Oil & Gas companies is 7.99, based on 893 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NorAm Drilling AS's current Receivables Turnover of 1.89 is 76.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on NorAm Drilling AS and its competitors. For the Oil & Gas industry, the median Receivables Turnover is 7.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NorAm Drilling AS's current Receivables Turnover is 1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NorAm Drilling AS stock overvalued right now?
Based on GuruFocus' analysis, NorAm Drilling AS (OSL:NORAM) is currently considered Modestly Overvalued. The stock's GF Value™ is kr33.74, compared to a current price of kr38.85 — trading 15.1% above its estimated fair value. The current Receivables Turnover is 1.89 and 76.3% below the Oil & Gas industry median of 7.99. NorAm Drilling AS's overall GF Score™ is 88/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For NorAm Drilling AS (OSL:NORAM), the current Receivables Turnover is 1.89 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NorAm Drilling AS (OSL:NORAM) Overvalued in 2026?
Based on GuruFocus' analysis, NorAm Drilling AS stock appears to be overvalued.
The current stock price of kr38.85 is trading 15.1% above its estimated GF Value™ of kr33.74.
GuruFocus considers NorAm Drilling AS to be Modestly Overvalued.
Key valuation signals for OSL:NORAM:
Receivables Turnover: 1.89
GF Value™: kr33.74 vs. price of kr38.85 (15.1% above fair value)
Industry Position: 76.3% below the Oil & Gas median (#444 of 893)
No single metric tells the full story. See the OSL:NORAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NorAm Drilling AS owns and operates a quality rig portfolio of super spec developed high-end AC driven rigs tailored for the drilling of horizontal wells in the USA land drilling market. These rigs are designed to combine the cost efficiency of a compact rig with the versatility of different rig classes, enabling the rigs to cover a broad range of wells for both liquids and gas. The group's operating segments are NorAm Drilling Company, which derives maximum revenue, and NorAm Drilling AS.
88GF Score
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