Reconnaissance Energy Africa (TSXV:RECO) Receivables Turnover : 0.00 (As of Dec. 2023)

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What is Reconnaissance Energy Africa 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. Reconnaissance Energy Africa's Revenue for the three months ended in Dec. 2023 was C$0.00 Mil. Reconnaissance Energy Africa's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.00 Mil.

Reconnaissance Energy Africa Receivables Turnover Historical Data

The historical data trend for Reconnaissance Energy Africa'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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Reconnaissance Energy Africa Receivables Turnover Chart

Reconnaissance Energy Africa Annual Data

Trend

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Receivables Turnover

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Reconnaissance Energy Africa Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.76	0.65	0.41	-	-

Competitive Comparison of Reconnaissance Energy Africa's Receivables Turnover

For the Oil & Gas E&P subindustry, Reconnaissance Energy Africa'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.

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

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

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

Reconnaissance Energy Africa Receivables Turnover Calculation

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

Reconnaissance Energy Africa'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: Jun. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	0	/ (	(0.007	+	0)	/	1 )
=	0	/	0.007
=	N/A

Reconnaissance Energy Africa's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Reconnaissance Energy Africa (TSXV:RECO) 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.

Reconnaissance Energy Africa Receivables Turnover Related Terms

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Reconnaissance Energy Africa (TSXV:RECO) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reconnaissance Energy Africa Ltd (TSXV:RECO) » Definitions » Receivables Turnover

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RECAF:USA 0XD:Germany

Address

Bentall, PO Box 48326, Vancouver, BC, CAN, V7X 1A1

Website

https://www.reconafrica.com

Reconnaissance Energy Africa Ltd is a junior oil and gas company engaged in the exploration and development of oil and gas in Namibia and Botswana. It holds a substantial interest in a petroleum exploration license in northeast Namibia which covers the entire Kavango sedimentary basin. The Company's operating segments are: the exploration and evaluation of its African assets; the oil and gas operations in Mexico; and the corporate segment. The Mexico segment derives its revenues solely from the production and sale of oil and natural gas from one customer.

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