West Texas Resources (West Texas Resources) Receivables Turnover : 0.00 (As of Sep. 2023)

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What is West Texas Resources 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. West Texas Resources's Revenue for the three months ended in Sep. 2023 was $0.00 Mil. West Texas Resources's average Accounts Receivable for the three months ended in Sep. 2023 was $0.00 Mil.

West Texas Resources Receivables Turnover Historical Data

The historical data trend for West Texas Resources'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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West Texas Resources Receivables Turnover Chart

West Texas Resources Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Receivables Turnover

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1.51

2.84

1.80

West Texas Resources Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Sep22	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.50	2.50	-	-	-

Competitive Comparison of West Texas Resources's Receivables Turnover

For the Oil & Gas E&P subindustry, West Texas Resources'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.

West Texas Resources's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where West Texas Resources's Receivables Turnover falls into.

West Texas Resources Receivables Turnover Calculation

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

West Texas Resources's Receivables Turnover for the fiscal year that ended in Sep. 2016 is calculated as

	Receivables Turnover (A: Sep. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2016 )	/ (	(Accounts Receivable (A: Sep. 2015 )	+	Accounts Receivable (A: Sep. 2016 ))	/	count )
=	0.001	/ (	(0	+	0)	/	1 )
=	0.001	/	0
=	N/A

West Texas Resources's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

West Texas Resources (OTCPK:WTXR) 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.

West Texas Resources Receivables Turnover Related Terms

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West Texas Resources (West Texas Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » West Texas Resources Inc (OTCPK:WTXR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

5729 Lebanon Road, Suite 144, Frisco, TX, USA, 75034

Website

http://www.westtexasresources.com

West Texas Resources Inc is a United States-based company engaged in the acquisition, exploration, and development of oil and gas properties in North America. The Company targets both new and existing fields and producing wells to be revitalized.

West Texas Resources (West Texas Resources) Headlines

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