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NuVista Energy (TSX:NVA) Receivables Turnover : 2.93 (As of Sep. 2024)


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What is NuVista 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. NuVista Energy's Revenue for the three months ended in Sep. 2024 was C$301 Mil. NuVista Energy's average Accounts Receivable for the three months ended in Sep. 2024 was C$103 Mil. Hence, NuVista Energy's Receivables Turnover for the three months ended in Sep. 2024 was 2.93.


NuVista Energy Receivables Turnover Historical Data

The historical data trend for NuVista 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.

* Premium members only.

NuVista Energy Receivables Turnover Chart

NuVista Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.09 7.33 12.50 12.35 7.81

NuVista Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 2.11 2.01 1.95 2.41 2.93

Competitive Comparison of NuVista Energy's Receivables Turnover

For the Oil & Gas E&P subindustry, NuVista 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.


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

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

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



NuVista Energy Receivables Turnover Calculation

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

NuVista Energy'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 )
=1398.097 / ((194.128 + 163.987) / 2 )
=1398.097 / 179.0575
=7.81

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

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=301.406 / ((115.372 + 90.332) / 2 )
=301.406 / 102.852
=2.93

* 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.


NuVista Energy  (TSX:NVA) 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.


NuVista Energy Receivables Turnover Related Terms

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NuVista Energy Business Description

Traded in Other Exchanges
Address
525 - 8th Avenue South West, Suite 2500, Calgary, AB, CAN, T2P 1G1
NuVista Energy Ltd engages in the exploration, delineation, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds use in the heavy oil business when applied to heavy oil bitumen. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the portion of hydrocarbon production for NuVista. To improve service assets and production in this area, the firm operates compressor and dehydration stations.
Executives
Kevin Garth Asman Senior Officer
Jonathan Andrew Wright Senior Officer
Christopher Mark Alessandro Legrow Senior Officer
Michael Lawford Senior Officer
Joshua Thomas Truba Senior Officer
Ryan Daniel Paulgaard Senior Officer
Keith A.j. Macphail Director, Senior Officer
Ivan J. Condic Senior Officer
Paramount Resources Ltd. 10% Security Holder
Kathy Holzhauser Director
Ross Lloyd Andreachuk Senior Officer
Gmt Capital Corp 10% Security Holder
Ronald J.m. Poelzer Director
Pentti Olavi Karkkainen Director
Deborah Susan Stein Director