Secure Energy Services (TSX:SES) Receivables Turnover : 6.58 (As of Mar. 2024)

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What is Secure Energy Services 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. Secure Energy Services's Revenue for the three months ended in Mar. 2024 was C$2,849 Mil. Secure Energy Services's average Accounts Receivable for the three months ended in Mar. 2024 was C$433 Mil. Hence, Secure Energy Services's Receivables Turnover for the three months ended in Mar. 2024 was 6.58.

Secure Energy Services Receivables Turnover Historical Data

The historical data trend for Secure Energy Services'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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Secure Energy Services Receivables Turnover Chart

Secure Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.98

9.81

15.40

20.16

20.46

Secure Energy Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															4.30	4.33	5.29	5.78	6.58

Competitive Comparison of Secure Energy Services's Receivables Turnover

For the Waste Management subindustry, Secure Energy Services'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.

Secure Energy Services's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Secure Energy Services's Receivables Turnover distribution charts can be found below:

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

Secure Energy Services Receivables Turnover Calculation

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

Secure Energy Services'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 )
=	8244	/ (	(449	+	357)	/	2 )
=	8244	/	403
=	20.46

Secure Energy Services's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2849	/ (	(357	+	509)	/	2 )
=	2849	/	433
=	6.58

Secure Energy Services (TSX:SES) 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.

Secure Energy Services Receivables Turnover Related Terms

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Secure Energy Services (TSX:SES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Secure Energy Services Inc (TSX:SES) » Definitions » Receivables Turnover

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SECYF:USA SEP:Germany

Address

2300, 225 - 6th Avenue SW, Calgary, AB, CAN, T2P 1N2

Website

https://www.secure-energy.com

Secure Energy Services Inc provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental and Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma. These facilities provide processing, storing, shipping, and marketing of crude oil; the processing of waste; and water treatment and disposal. The Environmental and Fluid Management segment includes a network of landfill disposal facilities; onsite abandonment, remediation, and reclamation management; a suite of comprehensive environmental management solutions. The company's geographical segments are Canada and the United States.