Savanna Energy Services (TSX:SVY) Receivables Turnover : 1.58 (As of Mar. 2017)

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What is Savanna 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. Savanna Energy Services's Revenue for the three months ended in Mar. 2017 was C$117.3 Mil. Savanna Energy Services's average Accounts Receivable for the three months ended in Mar. 2017 was C$74.3 Mil. Hence, Savanna Energy Services's Receivables Turnover for the three months ended in Mar. 2017 was 1.58.

Savanna Energy Services Receivables Turnover Historical Data

The historical data trend for Savanna 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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Savanna Energy Services Receivables Turnover Chart

Savanna Energy Services Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Receivables Turnover

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4.52

5.04

6.08

4.89

5.78

Savanna Energy Services Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Receivables Turnover	Get a 7-Day Free Trial															1.65	1.04	1.46	1.86	1.58

Competitive Comparison of Savanna Energy Services's Receivables Turnover

For the Oil & Gas Drilling subindustry, Savanna 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.

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

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

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

Savanna Energy Services Receivables Turnover Calculation

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

Savanna Energy Services's Receivables Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Receivables Turnover (A: Dec. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2016 )	/ (	(Accounts Receivable (A: Dec. 2015 )	+	Accounts Receivable (A: Dec. 2016 ))	/	count )
=	323.9	/ (	(52.747	+	59.274)	/	2 )
=	323.9	/	56.0105
=	5.78

Savanna Energy Services's Receivables Turnover for the quarter that ended in Mar. 2017 is calculated as

	Receivables Turnover (Q: Mar. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2017 )	/ (	(Accounts Receivable (Q: Dec. 2016 )	+	Accounts Receivable (Q: Mar. 2017 ))	/	count )
=	117.319	/ (	(59.274	+	89.258)	/	2 )
=	117.319	/	74.266
=	1.58

Savanna Energy Services (TSX:SVY) 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.

Savanna Energy Services Receivables Turnover Related Terms

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Savanna Energy Services (TSX:SVY) Business Description

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Address

Website

http://www.savannaenergy.com

Savanna Energy Services Corp was incorporated under the Alberta Business Corporations Act on March 22, 2001. It is a drilling, well servicing and oilfield rentals company with operations in Canada, the United States and Australia. It provides a variety of services in the oil and natural gas industry. The corporate segment provides management and administrative services to all of the Company's subsidiaries and their respective operations. The services segment provides well servicing services and rental equipment to the oil and gas industry. The drilling segment provides contract drilling services to the oil and gas industry. The Company's overall business is conducted through two divisions: contract drilling and oilfield services. The Company's equipment fleet is among the newest and technically in the industry and its commitment to talent and technology has enabled the Company to build a presence within the oilfield services sector. It has also expanded its customer base to international markets, diversifying geographically into growing and emerging markets. The Company operates through a number of wholly-owned subsidiaries and several partnerships with Aboriginal communities that are partially owned by the Company.

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