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Headwater Exploration (TSX:HWX) Receivables Turnover : 2.90 (As of Mar. 2025)


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What is Headwater Exploration 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. Headwater Exploration's Revenue for the three months ended in Mar. 2025 was C$170.2 Mil. Headwater Exploration's average Accounts Receivable for the three months ended in Mar. 2025 was C$58.6 Mil. Hence, Headwater Exploration's Receivables Turnover for the three months ended in Mar. 2025 was 2.90.


Headwater Exploration Receivables Turnover Historical Data

The historical data trend for Headwater Exploration'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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Headwater Exploration Receivables Turnover Chart

Headwater Exploration Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.34 10.59 12.43 11.38 11.76

Headwater Exploration Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.38 2.33 2.13 2.48 2.90

Competitive Comparison of Headwater Exploration's Receivables Turnover

For the Oil & Gas E&P subindustry, Headwater Exploration'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.


Headwater Exploration's Receivables Turnover Distribution in the Oil & Gas Industry

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

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


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Headwater Exploration Receivables Turnover Calculation

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

Headwater Exploration's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=619.804 / ((46.744 + 58.623) / 2 )
=619.804 / 52.6835
=11.76

Headwater Exploration's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

Receivables Turnover (Q: Mar. 2025 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2025 ) / ((Accounts Receivable (Q: Dec. 2024 ) + Accounts Receivable (Q: Mar. 2025 )) / count )
=170.155 / ((58.623 + 58.57) / 2 )
=170.155 / 58.5965
=2.90

* 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.


Headwater Exploration  (TSX:HWX) 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.


Headwater Exploration Receivables Turnover Related Terms

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Headwater Exploration Business Description

Traded in Other Exchanges
Address
215 - 9th Avenue S.W, Unit 1400, Calgary, AB, CAN, T2P 1K3
Headwater Exploration Inc is an oil and gas exploration and development company. It is engaged in the exploration for development and production of petroleum and natural gas onshore in McCully Field, New Brunswick and Marten Hills, Alberta. The firm generates substantial revenue from the sale of commodities which include crude oil, natural gas and natural gas liquids.
Executives
Phillip R. Knoll Director
Dieter Deines Senior Officer
Stephen Phillip Larke Director
Kevin Olson Director
Jonathan L. Grimwood Senior Officer
Chandra Henry Director
David Lawrence Pearce Director
Bradley Christman Senior Officer
Terry Ryan Danku Senior Officer
Alexandra Horvath Senior Officer
Scott Earl Rideout Senior Officer
Jason Jowill Jaskela Director, Senior Officer

Headwater Exploration Headlines

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