Seven Generations Energy (TSX:VII) Receivables Turnover : 3.12 (As of Dec. 2020)

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What is Seven Generations 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. Seven Generations Energy's Revenue for the three months ended in Dec. 2020 was C$757 Mil. Seven Generations Energy's average Accounts Receivable for the three months ended in Dec. 2020 was C$243 Mil. Hence, Seven Generations Energy's Receivables Turnover for the three months ended in Dec. 2020 was 3.12.

Seven Generations Energy Receivables Turnover Historical Data

The historical data trend for Seven Generations 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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Seven Generations Energy Receivables Turnover Chart

Seven Generations Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Receivables Turnover

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9.71

10.36

13.34

11.50

8.34

Seven Generations Energy Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Receivables Turnover	Get a 7-Day Free Trial															2.95	2.74	2.28	2.88	3.12

Competitive Comparison of Seven Generations Energy's Receivables Turnover

For the Oil & Gas E&P subindustry, Seven Generations 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.

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

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

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

Seven Generations Energy Receivables Turnover Calculation

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

Seven Generations Energy's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	2380.2	/ (	(282	+	288.7)	/	2 )
=	2380.2	/	285.35
=	8.34

Seven Generations Energy's Receivables Turnover for the quarter that ended in Dec. 2020 is calculated as

	Receivables Turnover (Q: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2020 )	/ (	(Accounts Receivable (Q: Sep. 2020 )	+	Accounts Receivable (Q: Dec. 2020 ))	/	count )
=	757.1	/ (	(197.1	+	288.7)	/	2 )
=	757.1	/	242.9
=	3.12

Seven Generations Energy (TSX:VII) 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.

Seven Generations Energy Receivables Turnover Related Terms

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Seven Generations Energy (TSX:VII) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Seven Generations Energy Ltd (TSX:VII) » Definitions » Receivables Turnover

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Address

525 - 8 Avenue SW, Suite 4400, Eighth Avenue Place East, Calgary, AB, CAN, T2P 1G1

Website

http://www.7genergy.com

Seven Generations Energy Ltd is an independent energy company focused on the acquisition, development, and optimization of high-quality, tight rock, natural gas resource plays. The company employs long-reach and horizontal drilling to produce resources of natural gas, condensate, and natural gas liquids. In addition to drilling operations, Seven Generations owns several gathering lines and processing facilities. The company depends on a skilled technical and business team to identify, capture, develop, and catalyze production from resource plays.