Goodrich Petroleum (Goodrich Petroleum) Receivables Turnover : 36.63 (As of Sep. 2021)

View and export this data going back to 2021. Start your Free Trial

What is Goodrich 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. Goodrich Petroleum's Revenue for the three months ended in Sep. 2021 was $58.73 Mil. Goodrich Petroleum's average Accounts Receivable for the three months ended in Sep. 2021 was $1.60 Mil. Hence, Goodrich Petroleum's Receivables Turnover for the three months ended in Sep. 2021 was 36.63.

Goodrich Petroleum Receivables Turnover Historical Data

The historical data trend for Goodrich 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.

* Premium members only.

Goodrich Petroleum Receivables Turnover Chart

Goodrich Petroleum Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Receivables Turnover

Get a 7-Day Free Trial

16.24

27.40

83.21

126.24

91.49

Goodrich Petroleum Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Receivables Turnover	Get a 7-Day Free Trial															11.52	19.09	26.56	25.84	36.63

Competitive Comparison of Goodrich Petroleum's Receivables Turnover

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

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

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

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

Goodrich Petroleum Receivables Turnover Calculation

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

Goodrich Petroleum's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	93.826	/ (	(1.131	+	0.92)	/	2 )
=	93.826	/	1.0255
=	91.49

Goodrich Petroleum's Receivables Turnover for the quarter that ended in Sep. 2021 is calculated as

	Receivables Turnover (Q: Sep. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2021 )	/ (	(Accounts Receivable (Q: Jun. 2021 )	+	Accounts Receivable (Q: Sep. 2021 ))	/	count )
=	58.733	/ (	(1.469	+	1.738)	/	2 )
=	58.733	/	1.6035
=	36.63

Goodrich Petroleum (OTCPK:GDPCW) 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.

Goodrich Petroleum Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Goodrich Petroleum's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Goodrich Petroleum (Goodrich Petroleum) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Louisiana Street, Suite 700, Houston, TX, USA, 77002

Website

http://www.goodrichpetroleum.com

Goodrich Petroleum Corp is an independent oil and gas producer in the United States. The company operates in the Tuscaloosa Marine Shale region, with minor operations in the Eagle Ford and Haynesville shales. The vast majority of exploitation and development efforts on natural gas are carried out in the core of the Haynesville Shale in North Louisiana.

Executives

Jeffrey Serota	director	123 ROBERT S. KERR AVENUE, OKLAHOMA CITY OK 73120
Kristen Mcwatters	officer: Sr. Vice President, CFO & CAO	801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Edward J. Sondey	director	801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Kenneth Adam Leight	director	801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Thomas M Souers	director	801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Ronald F Coleman	director	4601 WESTWAY PARK BOULEVARD, HOUSTON TX 77041
Timothy D Leuliette	director	P.O. BOX 701482, PLYMOUTH MI 48170
Paloma Partners Vi Holdings, Llc	10 percent owner	1100 LOUISIANA STREET, SUITE 5100, HOUSTON TX 77002
Encap Partners Gp, Llc	10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Paloma Vi Merger Sub, Inc.	10 percent owner	1100 LOUISIANA STREET, SUITE 5100, HOUSTON TX 77002
Encap Energy Capital Fund Xi, L.p.	10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Lsp Generation Iv, Llc	10 percent owner	1700 BROADWAY, FLOOR 35, NEW YORK X1 10019
Lsp Investment Advisors, Llc	10 percent owner	1700 BROADWAY, FL. 35, NEW YORK NY 10019
Gen Iv Investment Opportunities, Llc	10 percent owner	1700 BROADWAY, 35TH FLOOR, NEW YORK NY 10019
J.p. Morgan Securities Llc	10 percent owner	383 MADISON AVENUE, NEW YORK NY 10179