PetroFrontier (PetroFrontier) Receivables Turnover

: 0.51 (As of Sep. 2023)

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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. PetroFrontier's Revenue for the three months ended in Sep. 2023 was $0.63 Mil. PetroFrontier's average Accounts Receivable for the three months ended in Sep. 2023 was $1.24 Mil. Hence, PetroFrontier's Receivables Turnover for the three months ended in Sep. 2023 was 0.51.

PetroFrontier Receivables Turnover Historical Data

The historical data trend for PetroFrontier'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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PetroFrontier Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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8.54

15.66

2.81

6.30

12.15

PetroFrontier Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.73	1.49	1.20	0.87	0.51

Competitive Comparison

For the Oil & Gas E&P subindustry, PetroFrontier'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.

PetroFrontier Receivables Turnover Distribution

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

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

PetroFrontier Receivables Turnover Calculation

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

PetroFrontier's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	5.533	/ (	(0.356	+	0.555)	/	2 )
=	5.533	/	0.4555
=	12.15

PetroFrontier'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: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.631	/ (	(1.333	+	1.153)	/	2 )
=	0.631	/	1.243
=	0.51

PetroFrontier (OTCPK:PFRRF) 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.

PetroFrontier Receivables Turnover Related Terms

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PetroFrontier (PetroFrontier) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroFrontier Corp (OTCPK:PFRRF) » Definitions » Receivables Turnover

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PFC:Canada

Address

903 - 8th Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0P7

Website

http://www.petrofrontier.com

PetroFrontier Corp is engaged in the exploration and production of petroleum and natural gas. The company has interests in the cold lake and Wabasca areas of Alberta, Canada.