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. Source Energy Services's Revenue for the
three
months ended in Mar. 2026 was C$160.2 Mil. Source Energy Services's average Accounts Receivable for the
three
months ended in Mar. 2026 was C$86.3 Mil.
Hence, Source Energy Services's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.86.
Source Energy Services (TSX:SHLE) 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.
Source Energy Services Receivables Turnover Related Terms
Source Energy Services Receivables Turnover Historical Data
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The historical data trend for Source 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.
TSX:SHLE vs SLB, BKR, HAL: Receivables Turnover Comparison
For the Oil & Gas Equipment & Services subindustry, Source 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.
Source Energy Services Receivables Turnover vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Source Energy Services's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Source Energy Services's Receivables Turnover falls into.
* 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.
Source Energy Services (TSX:SHLE) has a Receivables Turnover of 1.86 as of Mar. 2026. The accounts 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. View historical data on Source Energy Services and its competitors. According to the industry distribution chart, Source Energy Services ranks #402 out of 890 companies in the Oil & Gas industry, placing it in the top 45.2%.
Is Source Energy Services' Receivables Turnover too high?
Source Energy Services' current Receivables Turnover is 1.86. The Oil & Gas industry median Receivables Turnover is 7.97. Source Energy Services' value of 1.86 is 76.6% below this industry median. Based on the distribution chart, Source Energy Services ranks #402 out of 890 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Source Energy Services has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Source Energy Services' Receivables Turnover compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Source Energy Services ranks #402 out of 890 companies for Receivables Turnover. This puts Source Energy Services in the upper half of its industry. The industry median Receivables Turnover is 7.97. Source Energy Services' value of 1.86 is 76.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Oil & Gas company?
The median Receivables Turnover among Oil & Gas companies is 7.97, based on 890 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Source Energy Services's current Receivables Turnover of 1.86 is 76.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Source Energy Services and its competitors. For the Oil & Gas industry, the median Receivables Turnover is 7.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Source Energy Services's current Receivables Turnover is 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Source Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Source Energy Services (TSX:SHLE) is currently considered Fairly Valued. The stock's GF Value™ is C$12.66, compared to a current price of C$13.95 — trading 10.2% above its estimated fair value. The current Receivables Turnover is 1.86 and 76.6% below the Oil & Gas industry median of 7.97. Source Energy Services' overall GF Score™ is 69/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Source Energy Services (TSX:SHLE), the current Receivables Turnover is 1.86 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Source Energy Services (TSX:SHLE) Overvalued in 2026?
Based on GuruFocus' analysis, Source Energy Services stock appears to be overvalued.
The current stock price of C$13.95 is trading 10.2% above its estimated GF Value™ of C$12.66.
GuruFocus considers Source Energy Services to be Fairly Valued.
Key valuation signals for TSX:SHLE:
Receivables Turnover: 1.86
GF Value™: C$12.66 vs. price of C$13.95 (10.2% above fair value)
Industry Position: 76.6% below the Oil & Gas median (#402 of 890)
No single metric tells the full story. See the TSX:SHLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Source Energy Services Ltd is a Canada-based company engaged in the integrated production and distribution of frac sand as well as the distribution of other bulk oil and gas well completion materials that aren't produced by Source. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin, United States, and Peace River, Alberta, Canada mines and processing facilities, its Western Canadian terminal network, and its last-mile logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system. The geographical segments of the group are the USA Operations and Canadian Operations.
69GF Score
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