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Grand Gulf Energy (ASX:GGE) Receivables Turnover : 0.54 (As of Dec. 2023)


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What is Grand Gulf 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. Grand Gulf Energy's Revenue for the six months ended in Dec. 2023 was A$0.26 Mil. Grand Gulf Energy's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.49 Mil. Hence, Grand Gulf Energy's Receivables Turnover for the six months ended in Dec. 2023 was 0.54.

Grand Gulf Energy Receivables Turnover Historical Data

The historical data trend for Grand Gulf 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.

* Premium members only.

Grand Gulf Energy Receivables Turnover Chart

Grand Gulf Energy Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.78 8.02 6.69 3.90 1.53

Grand Gulf Energy Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 3.67 0.95 1.10 0.41 0.54

Competitive Comparison of Grand Gulf Energy's Receivables Turnover

For the Oil & Gas E&P subindustry, Grand Gulf 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.

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

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

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


Grand Gulf Energy Receivables Turnover Calculation

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

Grand Gulf Energy's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=0.695 / ((0.462 + 0.444) / 2 )
=0.695 / 0.453
=1.53

Grand Gulf 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: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=0.263 / ((0.444 + 0.537) / 2 )
=0.263 / 0.4905
=0.54

* 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.

Grand Gulf Energy  (ASX:GGE) 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.

Grand Gulf Energy Receivables Turnover Related Terms

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Grand Gulf Energy (ASX:GGE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Grand Gulf Energy Ltd (ASX:GGE) » Definitions » Receivables Turnover
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Traded in Other Exchanges
GRGUF:USA
Address
56 Kings Park Road, Suite 1G, West Perth, Perth, WA, AUS, 6005
Website
https://www.grandgulfenergy.com
Grand Gulf Energy Ltd is engaged in the exploration, evaluation, and development of oil and gas leases. Its projects include Red Helium Project. The company has one operating segment, being oil & gas production and exploration operations (including exploration for Helium).