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Golden Energy Offshore Services ASA (Golden Energy Offshore Services ASA) Receivables Turnover : 1.57 (As of Dec. 2023)


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What is Golden Energy Offshore Services ASA 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. Golden Energy Offshore Services ASA's Revenue for the three months ended in Dec. 2023 was $7.63 Mil. Golden Energy Offshore Services ASA's average Accounts Receivable for the three months ended in Dec. 2023 was $4.85 Mil. Hence, Golden Energy Offshore Services ASA's Receivables Turnover for the three months ended in Dec. 2023 was 1.57.


Golden Energy Offshore Services ASA Receivables Turnover Historical Data

The historical data trend for Golden Energy Offshore Services ASA'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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Golden Energy Offshore Services ASA Receivables Turnover Chart

Golden Energy Offshore Services ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.80 5.25 7.68 8.38 5.36

Golden Energy Offshore Services ASA Quarterly Data
Jun17 Sep17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 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 1.27 1.81 1.86 1.51 1.57

Competitive Comparison of Golden Energy Offshore Services ASA's Receivables Turnover

For the Marine Shipping subindustry, Golden Energy Offshore Services ASA'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.


Golden Energy Offshore Services ASA's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Golden Energy Offshore Services ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Golden Energy Offshore Services ASA's Receivables Turnover falls into.



Golden Energy Offshore Services ASA Receivables Turnover Calculation

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

Golden Energy Offshore Services ASA's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=19.914 / ((1.779 + 5.651) / 2 )
=19.914 / 3.715
=5.36

Golden Energy Offshore Services ASA'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 )
=7.626 / ((4.048 + 5.651) / 2 )
=7.626 / 4.8495
=1.57

* 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.


Golden Energy Offshore Services ASA  (OTCPK:GEOUD) 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.


Golden Energy Offshore Services ASA Receivables Turnover Related Terms

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Golden Energy Offshore Services ASA (Golden Energy Offshore Services ASA) Business Description

Traded in Other Exchanges
Address
St Olavs Plass 1, Alesund, NOR, 6002
Golden Energy Offshore Services AS is a shipowner and operator of modern and high-spec offshore service vessels for the oil and gas service industry. The company's fleet includes Energy Empress, Larissa, and many more. Geographically, it derives a majority of its revenue from Europe.

Golden Energy Offshore Services ASA (Golden Energy Offshore Services ASA) Headlines