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Phoscan Chemical (TSX:FOS) Receivables Turnover : 1.69 (As of Dec. 2023)


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What is Phoscan Chemical 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. Phoscan Chemical's Revenue for the three months ended in Dec. 2023 was C$26.75 Mil. Phoscan Chemical's average Accounts Receivable for the three months ended in Dec. 2023 was C$15.87 Mil. Hence, Phoscan Chemical's Receivables Turnover for the three months ended in Dec. 2023 was 1.69.


Phoscan Chemical Receivables Turnover Historical Data

The historical data trend for Phoscan Chemical'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.

Phoscan Chemical Receivables Turnover Chart

Phoscan Chemical Annual Data
Trend Jan14 Jan15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.55 5.22 10.15 9.53 6.35

Phoscan Chemical Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.60 2.06 1.95 2.13 1.69

Competitive Comparison of Phoscan Chemical's Receivables Turnover

For the Oil & Gas E&P subindustry, Phoscan Chemical'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.


Phoscan Chemical's Receivables Turnover Distribution in the Oil & Gas Industry

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

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



Phoscan Chemical Receivables Turnover Calculation

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

Phoscan Chemical'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 )
=125.605 / ((22.248 + 17.282) / 2 )
=125.605 / 19.765
=6.35

Phoscan Chemical's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=26.747 / ((14.458 + 17.282) / 2 )
=26.747 / 15.87
=1.69

* 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.


Phoscan Chemical  (TSX:FOS) 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.


Phoscan Chemical Receivables Turnover Related Terms

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Phoscan Chemical (TSX:FOS) Business Description

Traded in Other Exchanges
Address
2400, 240 - 4th Avenue SW, Calgary, AB, CAN, T2P 4H4
Petrus Resources Ltd is an oil and gas company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company's core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.

Phoscan Chemical (TSX:FOS) Headlines

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