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SHASF (ShaMaran Petroleum) Receivables Turnover : 0.66 (As of Sep. 2024)


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What is ShaMaran Petroleum 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. ShaMaran Petroleum's Revenue for the three months ended in Sep. 2024 was $29.43 Mil. ShaMaran Petroleum's average Accounts Receivable for the three months ended in Sep. 2024 was $44.61 Mil. Hence, ShaMaran Petroleum's Receivables Turnover for the three months ended in Sep. 2024 was 0.66.


ShaMaran Petroleum Receivables Turnover Historical Data

The historical data trend for ShaMaran Petroleum'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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ShaMaran Petroleum Receivables Turnover Chart

ShaMaran Petroleum 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 - - - - 2.13

ShaMaran Petroleum 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 - 0.52 0.53 0.48 0.66

Competitive Comparison of ShaMaran Petroleum's Receivables Turnover

For the Oil & Gas E&P subindustry, ShaMaran Petroleum'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.


ShaMaran Petroleum's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where ShaMaran Petroleum's Receivables Turnover falls into.



ShaMaran Petroleum Receivables Turnover Calculation

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

ShaMaran Petroleum'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 )
=82.886 / ((0 + 38.913) / 1 )
=82.886 / 38.913
=2.13

ShaMaran Petroleum'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 )
=29.425 / ((48.147 + 41.076) / 2 )
=29.425 / 44.6115
=0.66

* 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.


ShaMaran Petroleum  (OTCPK:SHASF) 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.


ShaMaran Petroleum Receivables Turnover Related Terms

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ShaMaran Petroleum Business Description

Traded in Other Exchanges
Address
885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8
ShaMaran Petroleum Corp is an oil development and exploration company. It is engaged in the business of developing and producing oil and gas. Along with its subsidiary, the company has an interest in the Atrush block, Kurdistan Region of Iraq. In addition, the group holds a participating interest in the Sarsang block of the Kurdistan region.

ShaMaran Petroleum Headlines

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