Geo Jade Petroleum (SHSE:600759) Receivables Turnover : 5.19 (As of Mar. 2024)

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What is Geo Jade 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. Geo Jade Petroleum's Revenue for the three months ended in Mar. 2024 was ¥637 Mil. Geo Jade Petroleum's average Accounts Receivable for the three months ended in Mar. 2024 was ¥123 Mil. Hence, Geo Jade Petroleum's Receivables Turnover for the three months ended in Mar. 2024 was 5.19.

Geo Jade Petroleum Receivables Turnover Historical Data

The historical data trend for Geo Jade 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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Geo Jade Petroleum Receivables Turnover Chart

Geo Jade Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

11.72

9.14

21.46

22.36

28.98

Geo Jade Petroleum 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															3.78	5.69	9.07	8.41	5.19

Competitive Comparison of Geo Jade Petroleum's Receivables Turnover

For the Oil & Gas E&P subindustry, Geo Jade 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.

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

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

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

Geo Jade Petroleum Receivables Turnover Calculation

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

Geo Jade 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 )
=	2726.399	/ (	(114.231	+	73.931)	/	2 )
=	2726.399	/	94.081
=	28.98

Geo Jade Petroleum'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 )
=	637.008	/ (	(73.931	+	171.513)	/	2 )
=	637.008	/	122.722
=	5.19

Geo Jade Petroleum (SHSE:600759) 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.

Geo Jade Petroleum Receivables Turnover Related Terms

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Geo Jade Petroleum (SHSE:600759) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Geo Jade Petroleum Corp (SHSE:600759) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Xiayun Road, Eagle building, Abloack level3 (3A), Chaoyang District, Beijing, CHN

Website

http://www.geojade.com

Geo Jade Petroleum Corp is a China-based oil and gas exploration and development company. Its projects include Maten Petroleum, KoZhaN JSC, North Caspian Petroleum and Sozak Oil and Gas. In addition, the company is also involved in the investment management business.

Executives

Zhang Shi Ming	Director
Guo Yi	Director
Wang Wen Tao	Director
Liu Jian Feng	senior management
Lang Ying	Director
Liao Yong	Supervisors
Tan Xuan	senior management
Huang Jie	Supervisors
Yu Yang	Supervisors
He Xi	senior management
Hu Hui Ping	senior management
Chen Xue Yun	senior management
Qu Ning	senior management
Wu Guang Da	Supervisors
Fan Hui	senior management

Geo Jade Petroleum (SHSE:600759) Headlines

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