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TransCoastal (TransCoastal) Receivables Turnover : 1.02 (As of Jun. 2015)


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What is TransCoastal 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. TransCoastal's Revenue for the three months ended in Jun. 2015 was $0.20 Mil. TransCoastal's average Accounts Receivable for the three months ended in Jun. 2015 was $0.20 Mil. Hence, TransCoastal's Receivables Turnover for the three months ended in Jun. 2015 was 1.02.


TransCoastal Receivables Turnover Historical Data

The historical data trend for TransCoastal'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.

TransCoastal Receivables Turnover Chart

TransCoastal Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.13 7.14 14.43 7.63 11.60

TransCoastal Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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 3.67 4.33 2.19 3.08 1.02

Competitive Comparison of TransCoastal's Receivables Turnover

For the Oil & Gas E&P subindustry, TransCoastal'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.


TransCoastal's Receivables Turnover Distribution in the Oil & Gas Industry

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

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



TransCoastal Receivables Turnover Calculation

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

TransCoastal's Receivables Turnover for the fiscal year that ended in Dec. 2014 is calculated as

Receivables Turnover (A: Dec. 2014 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2014 ) / ((Accounts Receivable (A: Dec. 2013 ) + Accounts Receivable (A: Dec. 2014 )) / count )
=3.835 / ((0.436 + 0.225) / 2 )
=3.835 / 0.3305
=11.60

TransCoastal's Receivables Turnover for the quarter that ended in Jun. 2015 is calculated as

Receivables Turnover (Q: Jun. 2015 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2015 ) / ((Accounts Receivable (Q: Mar. 2015 ) + Accounts Receivable (Q: Jun. 2015 )) / count )
=0.202 / ((0.207 + 0.188) / 2 )
=0.202 / 0.1975
=1.02

* 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.


TransCoastal  (GREY:TCEC) 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.


TransCoastal Receivables Turnover Related Terms

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TransCoastal (TransCoastal) Business Description

Traded in Other Exchanges
N/A
Address
4975 Voyager Drive, Dallas, TX, USA, 75237
TransCoastal Corp is an oil and gas exploration and production company. It is engaged in the development of oil and gas reserves in the state of Texas. The company has acquired or divested over 100 wells in Texas and has over 200 undeveloped locations on over 6000 acres of leased oil and gas property located primarily in the panhandle area of west Texas.

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