TXLZF (Tesla Exploration) Receivables Turnover: 1.73 (As of Mar. 2016)

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What is Tesla Exploration Receivables Turnover?

Tesla Exploration TXLZF -90.00% Receivables Turnover is 1.73 as of Mar. 2016.

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. Tesla Exploration's Revenue for the three months ended in Mar. 2016 was $13.45 Mil. Tesla Exploration's average Accounts Receivable for the three months ended in Mar. 2016 was $7.79 Mil. Hence, Tesla Exploration's Receivables Turnover for the three months ended in Mar. 2016 was 1.73.


Tesla Exploration  (OTCPK:TXLZF) 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.


Tesla Exploration Receivables Turnover Related Terms


Tesla Exploration Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Tesla Exploration'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.

Tesla Exploration Receivables Turnover Chart

Tesla Exploration Annual Data
Trend Apr06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.21 5.54 5.97 5.42 5.93

Tesla Exploration Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.14 0.78 1.47 0.98 1.73

TXLZF vs SES, DPDW, BAS: Receivables Turnover Comparison

For the Oil & Gas Equipment & Services subindustry, Tesla Exploration'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.


Tesla Exploration Receivables Turnover vs Oil & Gas Industry

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

* The bar in red indicates where Tesla Exploration's Receivables Turnover falls into.



Tesla Exploration Receivables Turnover Calculation

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

Tesla Exploration's Receivables Turnover for the fiscal year that ended in Dec. 2015 is calculated as

Receivables Turnover (A: Dec. 2015 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2015 ) / ((Accounts Receivable (A: Dec. 2014 ) + Accounts Receivable (A: Dec. 2015 )) / count )
=65.356 / ((14.802 + 7.238) / 2 )
=65.356 / 11.02
=5.93

Tesla Exploration's Receivables Turnover for the quarter that ended in Mar. 2016 is calculated as

Receivables Turnover (Q: Mar. 2016 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2016 ) / ((Accounts Receivable (Q: Dec. 2015 ) + Accounts Receivable (Q: Mar. 2016 )) / count )
=13.445 / ((7.238 + 8.339) / 2 )
=13.445 / 7.7885
=1.73

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 1.73 mean?
Tesla Exploration (TXLZF) has a Receivables Turnover of 1.73 as of Mar. 2016. 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 Tesla Exploration and its competitors.
Is Tesla Exploration's Receivables Turnover too high?
Tesla Exploration's current Receivables Turnover is 1.73. The Oil & Gas industry median Receivables Turnover is 7.98. Tesla Exploration's value of 1.73 is 78.3% below this industry median.
How does Tesla Exploration's Receivables Turnover compare to SES and DPDW?
Tesla Exploration's Receivables Turnover of 1.73 can be compared against companies in the Oil & Gas industry. The industry median Receivables Turnover is 7.98. Tesla Exploration's value of 1.73 is 78.3% 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 7.98, based on 895 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. Tesla Exploration's current Receivables Turnover of 1.73 is 78.3% 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 Tesla Exploration and its competitors. For the Oil & Gas industry, the median Receivables Turnover is 7.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tesla Exploration's current Receivables Turnover is 1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tesla Exploration stock overvalued right now?
Tesla Exploration (TXLZF) has a current Receivables Turnover of 1.73. The current Receivables Turnover is 1.73 and 78.3% below the Oil & Gas industry median of 7.98. 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 Tesla Exploration (TXLZF), the current Receivables Turnover is 1.73 as of Mar. 2016. 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.

Tesla Exploration Business Description

Industry EnergyOil & Gas
Address 8A Street N.E, Suite 4500, Calgary, AB, CAN, T2E 4J7
Tesla Exploration Ltd is a Canada based geophysical services company. It provides seismic services in North America, Europe, Africa and other international locations. It operates through North American Land Seismic Acquisition, International Land Seismic Acquisition, and Offshore Marine Survey segments. The North American Land Seismic Acquisition and International Land Seismic Acquisition segments offer three dimensional (3D) program design, project management, and experience when acquiring two dimensional (2D) and 3D vibroseis, dynamite and airgun seismic surveys on all types of land terrain, rivers, and lakes. The Offshore Marine Survey segment offers a set of survey services, with project planning and survey design, data acquisition, interpretation and final report preparation.