FieldPoint Petroleum (FieldPoint Petroleum) Receivables Turnover : 0.80 (As of Mar. 2019)

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What is FieldPoint Petroleum 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. FieldPoint Petroleum's Revenue for the three months ended in Mar. 2019 was $0.47 Mil. FieldPoint Petroleum's average Accounts Receivable for the three months ended in Mar. 2019 was $0.58 Mil. Hence, FieldPoint Petroleum's Receivables Turnover for the three months ended in Mar. 2019 was 0.80.

FieldPoint Petroleum Receivables Turnover Historical Data

The historical data trend for FieldPoint Petroleum'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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FieldPoint Petroleum Receivables Turnover Chart

FieldPoint Petroleum Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Receivables Turnover

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11.07

7.05

5.09

3.28

FieldPoint Petroleum Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Receivables Turnover	Get a 7-Day Free Trial															0.79	0.97	1.15	0.86	0.80

Competitive Comparison of FieldPoint Petroleum's Receivables Turnover

For the Oil & Gas E&P subindustry, FieldPoint Petroleum'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.

FieldPoint Petroleum's Receivables Turnover Distribution in the Oil & Gas Industry

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

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

FieldPoint Petroleum Receivables Turnover Calculation

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

FieldPoint Petroleum's Receivables Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Receivables Turnover (A: Dec. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2018 )	/ (	(Accounts Receivable (A: Dec. 2017 )	+	Accounts Receivable (A: Dec. 2018 ))	/	count )
=	2.17	/ (	(0.628	+	0.697)	/	2 )
=	2.17	/	0.6625
=	3.28

FieldPoint Petroleum's Receivables Turnover for the quarter that ended in Mar. 2019 is calculated as

	Receivables Turnover (Q: Mar. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2019 )	/ (	(Accounts Receivable (Q: Dec. 2018 )	+	Accounts Receivable (Q: Mar. 2019 ))	/	count )
=	0.467	/ (	(0.697	+	0.472)	/	2 )
=	0.467	/	0.5845
=	0.80

FieldPoint Petroleum (OTCPK:FPPP) 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.

FieldPoint Petroleum Receivables Turnover Related Terms

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FieldPoint Petroleum (FieldPoint Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » FieldPoint Petroleum Corp (OTCPK:FPPP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

609 Castle Ridge Road, Suite 335, Austin, TX, USA, 78746

Website

http://www.fppcorp.com

FieldPoint Petroleum Corp is a US based company operates in oil and natural gas business. The business activity of the group includes acquisition, development, and operation of oil and natural gas properties. It holds an interest in properties such as Spraberry Trend, and Serbin Field, Texas; Flying M Field, Sulimar Field, North Bilbrey Field, Lusk Field, and Loving North Morrow Field, New Mexico and others. Geographically activities are conducted generally through the region of United States.

Executives

Daniel R Robinson

director

190 COYOTE COURT, ARGYLE TX 76226