Ghana Oil Co (XGHA:GOIL) Receivables Turnover: 9.19 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XGHA:GOIL Ghana Oil Co Ltd XGHA:GOIL
71 GF Score
Price GHS7.96
GF Value GHS1.54
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Ghana Oil Co Receivables Turnover?

Ghana Oil Co XGHA:GOIL 71 Receivables Turnover is 9.19 as of Dec. 2025. GuruFocus rates XGHA:GOIL with a GF Score™ of 71/100 and a GF Value™ of GHS1.54 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 892 Oil & Gas companies, Ghana Oil Co ranks better than 59.53% on this metric.

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. Ghana Oil Co's Revenue for the six months ended in Dec. 2025 was GHS17,226 Mil. Ghana Oil Co's average Accounts Receivable for the six months ended in Dec. 2025 was GHS1,875 Mil. Hence, Ghana Oil Co's Receivables Turnover for the six months ended in Dec. 2025 was 9.19.


Ghana Oil Co  (XGHA:GOIL) 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.


Ghana Oil Co Receivables Turnover Related Terms


Ghana Oil Co Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Ghana Oil Co'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.

Ghana Oil Co Receivables Turnover Chart

Ghana Oil Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.25 17.05 14.06 12.72 9.19

Ghana Oil Co Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
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 10.25 17.05 14.06 12.72 9.19

XGHA:GOIL vs VLO, MPC, PSX: Receivables Turnover Comparison

For the Oil & Gas Refining & Marketing subindustry, Ghana Oil Co'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.


Ghana Oil Co Receivables Turnover vs Oil & Gas Industry

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

* The bar in red indicates where Ghana Oil Co's Receivables Turnover falls into.


XGHA:GOIL
71GF Score
Ghana Oil Co Ltd XGHA:GOIL
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ghana Oil Co Receivables Turnover Calculation

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

Ghana Oil Co's Receivables Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Receivables Turnover (A: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2025 ) / ((Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Dec. 2025 )) / count )
=17226.259 / ((1781.217 + 1967.967) / 2 )
=17226.259 / 1874.592
=9.19

Ghana Oil Co's Receivables Turnover for the quarter that ended in Dec. 2025 is calculated as

Receivables Turnover (Q: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2025 ) / ((Accounts Receivable (Q: Dec. 2024 ) + Accounts Receivable (Q: Dec. 2025 )) / count )
=17226.259 / ((1781.217 + 1967.967) / 2 )
=17226.259 / 1874.592
=9.19

* 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 9.19 mean?
Ghana Oil Co (XGHA:GOIL) has a Receivables Turnover of 9.19 as of Dec. 2025. 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 Ghana Oil Co and its competitors. According to the industry distribution chart, Ghana Oil Co ranks #361 out of 892 companies in the Oil & Gas industry, placing it in the top 40.5%.
Is Ghana Oil Co's Receivables Turnover too high?
Ghana Oil Co's current Receivables Turnover is 9.19. The Oil & Gas industry median Receivables Turnover is 7.97. Ghana Oil Co's value of 9.19 is 15.4% above this industry median. Based on the distribution chart, Ghana Oil Co ranks #361 out of 892 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Ghana Oil Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ghana Oil Co's Receivables Turnover compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Ghana Oil Co ranks #361 out of 892 companies for Receivables Turnover. This puts Ghana Oil Co in the upper half of its industry. The industry median Receivables Turnover is 7.97. Ghana Oil Co's value of 9.19 is 15.4% above 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 7.97, based on 892 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. Ghana Oil Co's current Receivables Turnover of 9.19 is 15.4% above 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 Ghana Oil Co and its competitors. For the Oil & Gas industry, the median Receivables Turnover is 7.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ghana Oil Co's current Receivables Turnover is 9.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ghana Oil Co stock overvalued right now?
Based on GuruFocus' analysis, Ghana Oil Co (XGHA:GOIL) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS1.54, compared to a current price of GHS7.96 — trading 416.9% above its estimated fair value. The current Receivables Turnover is 9.19 and 15.4% above the Oil & Gas industry median of 7.97. Ghana Oil Co's overall GF Score™ is 71/100 with 10 warning signs to review. 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 Ghana Oil Co (XGHA:GOIL), the current Receivables Turnover is 9.19 as of Dec. 2025. 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.

Is Ghana Oil Co (XGHA:GOIL) Overvalued in 2026?

Based on GuruFocus' analysis, Ghana Oil Co stock appears to be overvalued. The current stock price of GHS7.96 is trading 416.9% above its estimated GF Value™ of GHS1.54. GuruFocus considers Ghana Oil Co to be Significantly Overvalued.

Key valuation signals for XGHA:GOIL:

  • Receivables Turnover: 9.19
  • GF Value™: GHS1.54 vs. price of GHS7.96 (416.9% above fair value)
  • GF Score™: 71/100 with 10 warning signs
  • Industry Position: 15.4% above the Oil & Gas median (#361 of 892)

No single metric tells the full story. See the XGHA:GOIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ghana Oil Co Business Description

Industry EnergyOil & Gas
Address Junction of Kojo Thompson and Adjabeng Roads, House Number D659/4, P. O. Box GP 3183, Adabraka, Accra, GHA
Ghana Oil Co Ltd (GOIL) is engaged in the marketing and distribution of petroleum products. Its objective is to market petroleum and related products, particularly fuels, liquefied petroleum gas (LPG), lubricants, bitumen, and specialty products in Ghana. The company is engaged in the business of marketing quality petroleum and other energy products and services in all its branches in a healthy, safe, environmentally friendly, and socially responsible manner.
71GF Score

Get the complete analysis for XGHA:GOIL

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

GHS7.96
Price
GHS1.54
GF Value