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Bengal Energy (TSX:BNG) Receivables Turnover : 1.09 (As of Dec. 2023)


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What is Bengal 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. Bengal Energy's Revenue for the three months ended in Dec. 2023 was C$1.61 Mil. Bengal Energy's average Accounts Receivable for the three months ended in Dec. 2023 was C$1.47 Mil. Hence, Bengal Energy's Receivables Turnover for the three months ended in Dec. 2023 was 1.09.


Bengal Energy Receivables Turnover Historical Data

The historical data trend for Bengal 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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Bengal Energy Receivables Turnover Chart

Bengal Energy Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
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Bengal Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.85 1.28 1.31 1.25 1.09

Competitive Comparison of Bengal Energy's Receivables Turnover

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


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

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

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



Bengal Energy Receivables Turnover Calculation

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

Bengal Energy's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=8.149 / ((0 + 0) / 1 )
=8.149 / 0
=N/A

Bengal Energy's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=1.609 / ((1.812 + 1.135) / 2 )
=1.609 / 1.4735
=1.09

* 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.


Bengal Energy  (TSX:BNG) 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.


Bengal Energy Receivables Turnover Related Terms

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Bengal Energy (TSX:BNG) Business Description

Traded in Other Exchanges
Address
715 - 5th Avenue S.W., Suite 1110, Calgary, AB, CAN, T2P 2X6
Bengal Energy Ltd is involved in the exploration, development, and production of oil and gas reserves in Australia. It has two reportable operating segments the Australian oil and gas operations and corporate. Its producing assets are predominantly situated in Australia, in the Cooper Basin, a region featuring large hydrocarbon pools.

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