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TomCo Energy (LSE:TOM) Receivables Turnover : 0.20 (As of Sep. 2023)


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What is TomCo 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. TomCo Energy's Revenue for the six months ended in Sep. 2023 was £0.02 Mil. TomCo Energy's average Accounts Receivable for the six months ended in Sep. 2023 was £0.12 Mil. Hence, TomCo Energy's Receivables Turnover for the six months ended in Sep. 2023 was 0.20.


TomCo Energy Receivables Turnover Historical Data

The historical data trend for TomCo 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.

TomCo Energy Receivables Turnover Chart

TomCo Energy Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

TomCo Energy Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 0.20 0.43 0.74 0.20

Competitive Comparison of TomCo Energy's Receivables Turnover

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


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

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

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



TomCo Energy Receivables Turnover Calculation

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

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

Receivables Turnover (A: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Sep. 2023 ) / ((Accounts Receivable (A: Sep. 2022 ) + Accounts Receivable (A: Sep. 2023 )) / count )
=0.109 / ((0 + 0) / 1 )
=0.109 / 0
=N/A

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

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=0.023 / ((0.116 + 0) / 1 )
=0.023 / 0.116
=0.20

* 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.


TomCo Energy  (LSE:TOM) 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.


TomCo Energy Receivables Turnover Related Terms

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TomCo Energy (LSE:TOM) Business Description

Traded in Other Exchanges
Address
60 Circular Road, 2nd Floor, Douglas, IMN, IM1 1SA
TomCo Energy PLC is in the business of developing oil shale leases. It is engaged in deploying the technology on its oil shale leases and other unconventional oil resources for future production. Its subsidiaries are engaged in the holding of oil shale leases and exploration and extraction of oil and gas. It operates in two geographical segments that are United States and the unites kingdom.

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