Lycos Energy (TSXV:LCX) Receivables Turnover : 3.20 (As of Mar. 2024)

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What is Lycos 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. Lycos Energy's Revenue for the three months ended in Mar. 2024 was C$30.4 Mil. Lycos Energy's average Accounts Receivable for the three months ended in Mar. 2024 was C$9.5 Mil. Hence, Lycos Energy's Receivables Turnover for the three months ended in Mar. 2024 was 3.20.

Lycos Energy Receivables Turnover Historical Data

The historical data trend for Lycos 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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Lycos Energy Receivables Turnover Chart

Lycos Energy Annual Data

Trend

Oct21

Oct22

Dec23

Receivables Turnover

9.00

3.41

28.80

Lycos Energy Quarterly Data
	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial					2.12	2.77	2.78	3.12	3.20

Competitive Comparison of Lycos Energy's Receivables Turnover

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

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

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

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

Lycos Energy Receivables Turnover Calculation

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

Lycos 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: Oct. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	96.421	/ (	(0.038	+	6.658)	/	2 )
=	96.421	/	3.348
=	28.80

Lycos Energy'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 )
=	30.388	/ (	(6.658	+	12.359)	/	2 )
=	30.388	/	9.5085
=	3.20

Lycos Energy (TSXV:LCX) 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.

Lycos Energy Receivables Turnover Related Terms

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Lycos Energy (TSXV:LCX) Business Description

Industry

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Traded in Other Exchanges

G4P0:Germany

Address

333 7 Avenue SW, Calgary, AB, CAN, T2P 2Z1

Website

https://www.lycosenergy.com

Lycos Energy Inc is an oil-focused, exploration, development, and production company based in Calgary, Alberta, operating high-quality, heavy-oil, development assets in the Gull Lake area of southwest Saskatchewan and heavy-oil assets in the Lloydminster area.

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