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. Royal Helium's Revenue for the
three
months ended in Sep. 2024 was $0.50 Mil. Royal Helium's average Accounts Receivable for the
three
months ended in Sep. 2024 was $0.77 Mil.
Hence, Royal Helium's Receivables Turnover for the
three
months ended in Sep. 2024 was 0.64.
Royal Helium (OTCPK:RHCCF) 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.
Royal Helium Receivables Turnover Related Terms
Royal Helium Receivables Turnover Historical Data
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The historical data trend for Royal Helium'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.
RHCCF vs GRVE, SPOWF, LEEN: Receivables Turnover Comparison
For the Oil & Gas E&P subindustry, Royal Helium'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.
Royal Helium Receivables Turnover vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Royal Helium's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Royal Helium'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.
Royal Helium (RHCCF) has a Receivables Turnover of 0.64 as of Sep. 2024. 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 Royal Helium and its competitors.
Is Royal Helium's Receivables Turnover too high?
Royal Helium's current Receivables Turnover is 0.64. The Oil & Gas industry median Receivables Turnover is 7.99. Royal Helium's value of 0.64 is 92% below this industry median.
How does Royal Helium's Receivables Turnover compare to GRVE and SPOWF?
Royal Helium's Receivables Turnover of 0.64 can be compared against companies in the Oil & Gas industry. The industry median Receivables Turnover is 7.99. Royal Helium's value of 0.64 is 92% 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. Royal Helium's current Receivables Turnover of 0.64 is 92% 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 Royal Helium 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. Royal Helium's current Receivables Turnover is 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Helium stock overvalued right now?
Royal Helium (RHCCF) has a current Receivables Turnover of 0.64. The current Receivables Turnover is 0.64 and 92% below the Oil & Gas industry median of 7.99. 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 Royal Helium (RHCCF), the current Receivables Turnover is 0.64 as of Sep. 2024. 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.
Royal Helium Ltd is focused on the exploration and development of primary helium production in southern Saskatchewan. Royal is the helium leaseholder in North America. Located next to highways, roads, and cities, and importantly close to existing oil and gas infrastructure, the company's projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists, and engineers. The company's project includes Saskatchewan Helium Play Elements for Success.
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