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PTOAF (Pieridae Energy) Receivables Turnover : 0.98 (As of Sep. 2024)


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What is Pieridae 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. Pieridae Energy's Revenue for the three months ended in Sep. 2024 was $29.8 Mil. Pieridae Energy's average Accounts Receivable for the three months ended in Sep. 2024 was $30.6 Mil. Hence, Pieridae Energy's Receivables Turnover for the three months ended in Sep. 2024 was 0.98.


Pieridae Energy Receivables Turnover Historical Data

The historical data trend for Pieridae 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.

* Premium members only.

Pieridae Energy Receivables Turnover Chart

Pieridae Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.16 5.63 7.08 7.67 5.07

Pieridae Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 2.83 1.11 1.35 1.00 0.98

Competitive Comparison of Pieridae Energy's Receivables Turnover

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


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

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

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



Pieridae Energy Receivables Turnover Calculation

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

Pieridae 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 )
=255.236 / ((54.85 + 45.858) / 2 )
=255.236 / 50.354
=5.07

Pieridae Energy'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 )
=29.832 / ((32.951 + 28.213) / 2 )
=29.832 / 30.582
=0.98

* 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.


Pieridae Energy  (OTCPK:PTOAF) 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.


Pieridae Energy Receivables Turnover Related Terms

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Pieridae Energy Business Description

Traded in Other Exchanges
Address
1718 Argyle Street, Suite 730, Halifax, NS, CAN, B3J 3N6
Pieridae Energy Ltd is a Canadian-owned corporation e is focused on developing and producing conventional raw natural gas and processing it into sales products that include natural gas liquids (NGLs) and sulphur. It is an upstream producer and midstream operator with core assets concentrated along the foothills of the Rocky Mountains. Its upstream segment is comprised of petroleum and natural gas production operations and properties. It also includes the company's upstream operations in Eastern Canada and corporate overhead activities associated with these operations.