Velocity Energy (Velocity Energy) Receivables Turnover : 0.00 (As of Jun. 2009)

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What is Velocity 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. Velocity Energy's Revenue for the three months ended in Jun. 2009 was $0.00 Mil. Velocity Energy's average Accounts Receivable for the three months ended in Jun. 2009 was $0.04 Mil.

Velocity Energy Receivables Turnover Historical Data

The historical data trend for Velocity 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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Velocity Energy Receivables Turnover Chart

Velocity Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Receivables Turnover

0.43

Velocity Energy Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
Receivables Turnover	Get a 7-Day Free Trial										0.69	0.23	0.67	-	-

Competitive Comparison of Velocity Energy's Receivables Turnover

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

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

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

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

Velocity Energy Receivables Turnover Calculation

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

Velocity Energy's Receivables Turnover for the fiscal year that ended in Dec. 2008 is calculated as

	Receivables Turnover (A: Dec. 2008 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2008 )	/ (	(Accounts Receivable (A: Dec. 2007 )	+	Accounts Receivable (A: Dec. 2008 ))	/	count )
=	0.725	/ (	(2.902	+	0.437)	/	2 )
=	0.725	/	1.6695
=	0.43

Velocity Energy's Receivables Turnover for the quarter that ended in Jun. 2009 is calculated as

	Receivables Turnover (Q: Jun. 2009 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2009 )	/ (	(Accounts Receivable (Q: Mar. 2009 )	+	Accounts Receivable (Q: Jun. 2009 ))	/	count )
=	0	/ (	(0.047	+	0.031)	/	2 )
=	0	/	0.039
=	N/A

Velocity Energy (OTCPK:VCYE) 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.

Velocity Energy Receivables Turnover Related Terms

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Velocity Energy (Velocity Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocity Energy Inc. (OTCPK:VCYE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

523 North Sam Houston Parkway East, Suite 175, Houston, TX, USA, 77060

Website

http://www.velocity-energy.com

Velocity Energy Inc is an oil and gas exploration and production company. It is engaged in the acquisition, development, exploration and production of natural gas and oil.

Executives

Michael J Pawelek	director, officer: President and CEO	300 EAST SONTERRA BLVD. STE 1220 SAN ANTONIO TX 78258
Peter Benz	10 percent owner	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Longview Fund Lp	10 percent owner	VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402
Howard J Taylor	director, 10 percent owner, officer: CEO	STE. 194 48 PAR LA VILLE RD HAMILTON D0 HM11

Velocity Energy (Velocity Energy) Headlines

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