Kiwetinohk Energy (TSX:KEC) Receivables Turnover : 2.46 (As of Dec. 2024)

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What is Kiwetinohk Energy 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. Kiwetinohk Energy's Revenue for the three months ended in Dec. 2024 was C$137.1 Mil. Kiwetinohk Energy's average Accounts Receivable for the three months ended in Dec. 2024 was C$55.8 Mil. Hence, Kiwetinohk Energy's Receivables Turnover for the three months ended in Dec. 2024 was 2.46.

Kiwetinohk Energy Receivables Turnover Historical Data

The historical data trend for Kiwetinohk Energy'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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Kiwetinohk Energy Receivables Turnover Chart

Kiwetinohk Energy Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

3.48

12.93

12.49

7.07

8.64

Kiwetinohk Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial														2.51	2.43	2.35	2.67	2.46

Competitive Comparison of Kiwetinohk Energy's Receivables Turnover

For the Oil & Gas E&P subindustry, Kiwetinohk Energy'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.

Kiwetinohk Energy's Receivables Turnover Distribution in the Oil & Gas Industry

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

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

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Kiwetinohk Energy Receivables Turnover Calculation

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

Kiwetinohk Energy'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 )
=	510.124	/ (	(57.949	+	60.181)	/	2 )
=	510.124	/	59.065
=	8.64

Kiwetinohk Energy's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	137.138	/ (	(51.498	+	60.181)	/	2 )
=	137.138	/	55.8395
=	2.46

Kiwetinohk Energy (TSX:KEC) 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.

Kiwetinohk Energy Receivables Turnover Related Terms

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Kiwetinohk Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kiwetinohk Energy Corp (TSX:KEC) » Definitions » Receivables Turnover

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Traded in Other Exchanges

KWTEF:USA

Address

250 - 2nd Street SW, Suite 1700, Calgary, AB, CAN, T2P 0C1

Website

https://kiwetinohk.com

Kiwetinohk Energy Corp develops and produces natural gas and related products and is in the process of developing renewable, natural gas-fired power, carbon capture, and hydrogen clean energy projects. The Company's business activities include an upstream segment involved in the exploration and development of petroleum and natural gas in western Canada and a power segment involved in evaluating and developing low carbon solutions for the energy industry and securing access to downstream markets including power and hydrogen.

Executives

Jakub Brogowski	Senior Officer
Michael Alexander Hantzsch	Senior Officer
Lisa Wong	Senior Officer
Janet Annesley	Senior Officer
Fareen Sunderji	Senior Officer
Beth Reimer-heck	Director
Steven William Sinclair	Director
Michael Carlson	Senior Officer
John Maniawski	Senior Officer
Patrick Beverley Carlson	Director, Senior Officer
Kurt Molnar	Senior Officer
Judith Athaide	Director

Kiwetinohk Energy Headlines

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